Bitcoin Is Still Bearish And Price Is Headed Below $50,000; Analyst
Bitcoin’s foray above $70,000, while encouraging, has not really done much to quell the expectations that this is only the start of the bear market. A number of analysts continue to warn investors that this might only be a temporary relief, with the real crash on the way. One of these analysts is HAMED_AZ, who took to the TradingView website to share why the Bitcoin price is still very bearish and why he expects a further crash before the cryptocurrency hits a bottom. Bitcoin Price Still Very Bearish According to HAMED, the Bitcoin price is still very bearish, despite the recent recovery,....
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Sentiment around Bitcoin has suffered a major hit in recent weeks after the price fell below $100,000. This has led to a series of bearish predictions for the cryptocurrency, as many analysts and investors alike believe that the crash is far from over. One analyst, who goes by Mr. Wall Street on the X (formerly Twitter) platform, has predicted a step decline, revealing how low the Bitcoin price will go and when the crash should be expected to be over. Bitcoin Headed below $60,000? In the post, Mr. Wall Street expressed that the Bitcoin price has already hit its cycle top, and as such,....
Crypto analyst CasiTrades has warned that the XRP price structure has turned bearish, putting the altcoin at risk of a further decline. The analyst also suggested that the price could still crash below $1 as it looks to find a bottom. XRP Price Structure Shifts Bearish With Key Levels Below In an X post, CasiTrades stated that the XRP price structure has shifted bearish, with key levels below. She further revealed that price is starting to gather sell strength and that the trendline break is looking to form resistance. The analyst added that price is losing the B-wave low, shifting....
Amid the bearish pressure that has rocked the market, the Bitcoin price continues to fluctuate around the $110,000 support, especially with selling pressure building up. This has led to predictions that the Bitcoin price is headed for another crash amid the weakness. One analysis that stands out comes from crypto analyst Toby Dawson, who pointed out the formation of a bearish Heads and Shoulders pattern that could trigger a cascade below $100,000. Head And Shoulders Pattern Points Downward In the analysis shared on the TradingView website, Dawson outlines the formation of the head and....
A crypto analyst who previously warned traders and investors that the recent Bitcoin (BTC) price surge could be a fluke has shared a new update. Confirming that his earlier prediction was accurate, the analyst now provides insight on where Bitcoin is really headed as it continues to navigate the ongoing bear market. Where The Bitcoin Price Is Headed Next DeFi researcher and market analyst Sherlock has taken to X to share a fresh update on an analysis he published earlier last week. In this new report, Sherlock presented a rather foreboding Bitcoin price forecast, suggesting that the....
The Bitcoin price saw a notable recovery trend over the weekend that put it back above $60,000, and by the early hours of Monday, the price had recovered above $63,000. Given this recovery trend, crypto analyst Bluntz Capital, has used the Elliot Wave Theory to map out where the BTC price could be headed from […]