Analyst Says Bitcoin Price Bottom Hasn’t Happened Yet, Gives Timeline To Expe...
A crypto market analyst has shared a new technical analysis, outlining reasons why the Bitcoin price has not yet reached a cycle bottom. Using a charting framework called the Bear Bands alongside the Halving Cycles Theory, the analyst argues that while a short-term bounce is currently playing out, the broader bear market still has significant time and more downsides ahead before reaching a final price floor. Why The Bitcoin Price Has Not Hit A Bottom Yet According to market expert Crypto Con on X, the recent bounce that saw Bitcoin surge above $71,000 after its first major low under....
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Crypto analyst Maelius has alluded to Bitcoin’s historical performance to provide insights into how low the flagship crypto could drop before it reaches a bottom. He also alluded to the BTC.d, which he explained shows that BTC has yet to reach a bottom. How Low Can Bitcoin Drop Before Finding A Bottom In an X post, Maelius shared a chart indicating that Bitcoin could still drop below $60,000 before it finds a bottom. The analyst also highlighted the BTC dominance (BTC.d), which he noted usually crashes after the flagship crypto has topped, but that has not yet happened. He alluded to the....
According to a crypto analyst, the Ethereum price is on the verge of a breakout, and investors who don’t buy it now could be left with regrets later. With technical indicators pointing towards a significant price surge, the analyst forecasts that Ethereum (ETH) could climb as high as $12,000 this bull cycle. Ethereum Price Headed To $12,000? Prominent crypto analyst Captain Faibik has issued a stark warning to investors, urging them to buy Ethereum at a particular price low or risk entering the market late and regretting it. With Ethereum’s current price action signaling a potential....
Bitcoin on-chain analysis can be a good way to try to guess where the market is headed. The market tends to repeat itself with metrics looking the same before a bull or a bear rally, thus making this data a pretty good indicator of what’s to come. Analyst Willy Woo uses this same data to demonstrate a pattern that occurs before the bull rally, the criteria which are being met once again. Start Of A Bull Run? In a recent string of tweets, analyst Willy Woo presents data from on-chain analysis that points to the bitcoin dump having reached its bottom. According to him, “Price in relation to....
Crypto analyst CrediBULL Crypto has revealed that Bitcoin’s open interest has crashed to a six-month low. The analyst further explained what happened the last time this low open interest occurred while providing a bullish outlook for the flagship crypto. Bitcoin’s Open Interest Crashes To 6-Month Low In an X post, CrediBULL Crypto revealed that Bitcoin’s open interest is at the lowest levels it has been at in six months. He noted that the BTC price was trading between $50,000 and $60,000 the last time the open interest was this low. The analyst also revealed that Bitcoin’s funding rate....
Crypto analyst Fiery Trading has revealed a very bullish outlook for the Cardano (ADA) price. The digital asset which has been having a reasonably good run over the last few weeks is expected to shatter expectations as the analyst puts the price at $35. Crypto Analyst Predicts 8800% Climb To $35 For ADA Fiery Trading’s latest Cardano (ADA) prediction right be one of the most bullish for the digital asset this year. ADA, the native token of the Cardano network, is currently trading at $0.388 and if the crypto analyst’s prediction proves true, then it’ll be an 8,800% rise to $35. Related....