Why The Bitcoin Price Crash Is Important If Wave 5 Corrects To $94,000
The recent Bitcoin price crash is not just another dip in the market, according to analysts; it could be one of the most critical phases for its long-term bullish structure in this cycle. Crypto market expert Tara has emphasized that this ongoing retracement sets the foundation for Bitcoin’s next major bottom. Her analysis points to a potential Wave 5 correction that could drive the BTC price as low as $94,000 before the next major bullish trend begins. Bitcoin Price Eyes Recovery After Wave 5 Retracement In a technical analysis shared on X social media, Tara disclosed that Bitcoin’s....
Related News
Bitcoin price continued to gain strength against the US Dollar, and it looks like BTC/USD remains a good buy if it dips or corrects lower. Key Points. Bitcoin price remained in an uptrend against the US Dollar, and traded above the $750 resistance. There is a major bullish trend line formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD, acting as a support area. If the price corrects lower, it may find buyers near the $750-40 levels. Bitcoin Price Major Support and Buy Area. There were continuous gains in Bitcoin price against the US Dollar, as it broke a couple of important....
Coming out of weeks of downtrend, the Ethereum price could be looking to establish the next bottom as it sets up for a campaign toward new all-time highs. This is highlighted by crypto analyst MMBTtrader, who explained that the Ethereum price crash could be coming to an end. This is evidenced by a number of formations on the Ethereum price chart that suggest where the next lift-off might begin. Ethereum Price Is Testing The Next Major Support In an analysis shared on the TradingView website, the crypto analyst explained that the Ethereum price is now testing the next crucial technical....
Bitcoin Price Key Highlights. The Bitcoin price started the second wave higher after finding support around an important area of 220.0. There is a bullish trend line formed on the 4-hours chart, which is acting as a catalyst for an upside move. Bitcoin price gained a lot of traction this past week, and it looks like buyers might able to take the price above 240.0. Trend Line Support. The Bitcoin price traded with a positive tone this past week. In the second wave, the Bitcoin price found support near 220.0. The upside was sharp, and during the up-wave, there is a bullish trend line formed....
Crypto analyst CasiTrades has predicted that the XRP price could still crash to $1.4 in the final wave of this downtrend. This comes despite bullish catalysts such as the Fed rate cut, which could lift the altcoin to new highs. Analyst Predicts XRP Price Crash To $1.4 In an X post, CasiTrades stated that exchanges are aligning toward their .618 retracements, with Binance showing a crash to between $1.35 and $1.46 for the XRP price. She noted that this next wave down would complete the macro Wave 2 correction, setting the stage for the next Wave 3 impulse that could send XRP toward $6.50....
The Bitcoin price has advanced to above $300 and 1,800 CNY in vigorous trade today. At the time of writing the market is maintaining trade above the $300 mark, but it is unsure price will make another high before profit taking corrects price back down into the $200s. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Price Analysis. Time of analysis: 13h10 UTC. Bitfinex Daily Chart. Analysis quoted from xbt.social earlier today: The size and momentum of the wave up is raising our expectations about what may be happening in the Bitcoin chart.....