Is This The Bitcoin Price Bottom Or A Fakeout? Analyst Reveals When You Shoul...
The recent Bitcoin price rebound has reignited optimism, but not everyone is convinced the market has turned around. While price has shown signs of a breakout, a crypto analyst notes that BTC’s macro setup still resembles a typical bear market structure. The key question remains whether the recent upside move signals a true price bottom […]
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Crypto analyst Master Ananda has asserted that the bottom is in for the Bitcoin price following its massive crash below $80,000 last week. In line with this, the analyst revealed what to expect next from the flagship crypto. Bitcoin Price Action Shows Bottom Is In In a TradingView post, Master Ananda claimed that the bottom is in based on the current Bitcoin price action. He stated that last week’s drop, touch-and-go, is the perfect bottom signal. The analyst further remarked that $78,300 can be taken as the bottom, which represents a 28% decline from BTC’s all-time high (ATH) of....
Crypto analyst Leshka has explained why it is unlikely that the Bitcoin price has bottomed even as it continues to attempt a recovery above $70,000. His analysis also aligns with predictions from analysts such as Doctor Profit, who predict that BTC could still drop to $40,000. Analyst Explains Why Bitcoin Price Hasn’t Bottomed In an X post, Leshka noted that the Bitcoin price has never bottomed after a drawdown of just 47%. He further remarked that every bear market in history saw at least 78% drawdown from the top. BTC notably saw drawdowns of around 87%; 84%; and 73% in 2013, 2017, and....
Crypto analyst BarriC has predicted that the XRP price could soon recover and rebound to as high as $3. The analyst also revealed how high the token could reach when the altcoin season begins. XRP Price Eyes Recovery To $3 As Analyst Reveals Target In an X post, BarriC affirmed that the XRP price will […]
With bitcoin rallying, all the focus has been on predicting where the price of the asset will be by the end of the year. The digital asset is undoubtedly going to enter a period where various crashes will send the price down, popularly known as a bear market. Not a lot of attention has been paid to where the price of the asset might bottom out when the market inevitably goes into another bear market. This usually long stretch of low momentum has seen bitcoin lose 94%, 87%, and 84% of its peak value respectively in the last three bear markets. One recurring theme of the bear markets has....
A popular crypto analyst on the social media platform X has shared a buy-and-hold strategy for Bitcoin, which could potentially yield over 250% gain in the near future. BTC Price To Bottom Out Around $49,000? In a recent post on the X platform, market pundit Ali Martinez put forward an exciting trade plan for Bitcoin, […]