Bears Are Fully In Control Of Bitcoin And It Will Crash Below $60,000, Here’s...
A crypto analyst has suggested that Bitcoin (BTC) is still in a bear market despite its recent price rally, warning that the cryptocurrency could be headed for a deeper correction below $60,000. The call comes amid repeated failed breakouts and weakening momentum, raising doubts about any near-term recovery. According to the analyst, the current price structure suggests bears remain firmly in control, with downside risks continuing to build. Why Bitcoin Is Still Bearish Despite Recent Rebounds A technical analyst known as JDK Analysis on X has shared fresh insights into Bitcoin’s current....
Related News
Like other altcoins in the space, the Cardano price has suffered a tremendous amount of losses over the last few months. This relentless sell-off has pushed the ADA price so low that it is now sitting at levels not seen since the last bear market. Even now, Cardano remains in danger of further decline, as explained by crypto analyst Lingrid in a recent analysis. Why Cardano Could Crash Further The major problem being faced by the Cardano price now is that the bulls have failed a number of times to reclaim control from the bears. With each failure, the hold by the bears becomes stronger,....
Ethereum price has seen a lot of decline after hitting an all-time high above $4,900. This move saw the bears push the price back, resisting the campaign to hit $5,000. So far, the bears have remained in control, and it seems that this will be the case for a while, with technicals pointing toward a possible 10% crash that would send the price toward $4,000 again. Why Ethereum Price Is At Risk In an update to a previous analysis, Klejdi Cuni has forecasted a further decline for the Ethereum price, with bearish indicators being more prominent. The previous prediction, shared over the....
The Bitcoin and crypto market crash has completely eroded positive sentiment as bears have now gained control of the entire market. Over the last month, the Fear & Greed Index has been on a steady decline, falling to new yearly lows in the process. With the Bitcoin price falling to the $53,000 level last week, […]
Despite a recent uplift in Bitcoin market price, which saw the crypto momentarily breach the $62,000 mark, the widespread consensus among crypto analysts suggests that this increase is temporary and that the bearish pressure is far from over. Particularly, prominent crypto analyst Willy Woo voiced earlier that the minor surge was primarily a “technical” response to oversold conditions and did not indicate underlying market strengths. Related Reading: Bitcoin To Hit New Heights? Analyst Predicts 10x Growth In Few Years — Here’s How Bitcoin Bears Are Still In Control Diving into....
The Bitcoin price has been trading in a tight range around the $37,000 price level through the weekend. This tight trading suggests that there is a lot of fighting going on right now between the bulls and the bears as each camp tries to gain an upper hand over the other. As this tug of war continues, a crypto analyst has presented the most important level that will determine whether the bulls or the bears will claim dominance. $31,000 Is The Magic Number For The Bitcoin Price Crypto analyst Ben Vouh took to TradingView to share their analysis of where the price of Bitcoin will be depending....