Bitcoin’s Next Stop: $75,500? Analyst Reveals Historical ‘Magnet’ Level
An analyst has pointed out how the 50-week moving average (MA) of Bitcoin has historically acted as a sort of magnet for the asset’s price. 50-Week MA Is Currently Situated At $75,500 For Bitcoin In a new post on X, analyst Ali Martinez has discussed about the 50-week MA of Bitcoin. An “MA” is a technical analysis indicator that calculates the average value of any asset’s price over a given period of time and as its name suggests, moves in time, updating its value according to the changes in the price itself. Related Reading: Solana (SOL) Crashes 15% After Massive....
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Bitcoin has been showing signs of recovery after a sharp decline that pushed its price below $80,000 last week. The cryptocurrency briefly surged to $92,756 in the early hours of today before retracing to $90,279, marking a 0.7% increase in the past 24 hours. While price action remains volatile, market sentiment indicators are signaling a crucial phase for Bitcoin’s trajectory, according to CryptoQuant analyst Woominkyu. Related Reading: Bitcoin’s Next Stop: $75,500? Analyst Reveals Historical ‘Magnet’ Level Bitcoin’s Market Cycle: Entering the Optimism Stage In a recent analysis titled....
An analyst on social media platform X has highlighted a crucial support level for PEPE, as the meme coin faces a significant drawdown from its recent highs. Based on historical price trends, the analyst noted that PEPE has consistently experienced an average drawdown of approximately 64% following each local peak. The ongoing correction has placed […]
Crypto analyst Doctor Profit has revealed the next Bitcoin price level he is looking to accumulate at in anticipation of a relief rally. Despite plans to buy BTC, the analyst indicated that he is still bearish on the flagship crypto in the long term, with a larger decline expected to unfold. Analyst Reveals The Next Buy Level As Bitcoin Price Eyes Bounce In an X post, Doctor Profit stated that he is buying BTC around $86,000 as he looks to trade a short-term relief bounce. He reiterated that he sees the probability of the Bitcoin price revisiting the $97,000 to $107,000 region before the....
Crypto analyst Cyclop has provided insights into when the Bitcoin price could hit a new all-time high (ATH) above $120,000. This came as the analyst alluded to historical data indicating that BTC could bottom in this bear cycle by the last quarter of this year. Analyst Reveals When Bitcoin Price Will Hit New ATH Based On Historical Data In an X post, Cyclop alluded to historical BTC cycles to show when the Bitcoin price will hit a new all-time high. He noted that between 2015 and 2017, BTC enjoyed a bull run for 1,065 days, while between 2017 and 2018, it took 365 days for BTC to bottom....
The cryptocurrency market witnessed a significant setback as the Bitcoin price plummeted below the $58,000 level. This downward move has raised concerns among bullish investors, suggesting a potential continuation of the downtrend toward the $44,000 support level. Bitcoin’s failure to consolidate above and retest its all-time high (ATH) of $73,700, reached in March, has resulted in a retracement of over 20% on the monthly time frame. Bitcoin Price At Risk Crypto analyst “Blockchaineddbb” has provided a noteworthy assessment of the situation. According to the analysis, a....