As Bitcoin Sell Pressure Fades, Could A Local Bottom Be Forming? Analyst Expl...
According to an X post by crypto analyst Ali Martinez, Bitcoin (BTC) is witnessing a decline in sell-side pressure, indicating that a local market bottom may soon form for the premier cryptocurrency. Bitcoin Local Bottom On The Horizon? Bitcoin continues to trade just below the psychologically significant $100,000 level, hovering at $98,650 at the time of writing. However, the top cryptocurrency by market capitalization is witnessing a notable drop in sell-side pressure. Related Reading: Bitcoin 4-Year CAGR Drops To 14.45% But Still Outshines Gold, Stocks – Details Martinez shared the....
Related News
According to a recent Quicktake post by CryptoQuant analyst abramchart, short-term Bitcoin (BTC) investors are incurring losses, suggesting that the crypto market may have hit its bottom and a trend reversal could be on the horizon. Has Bitcoin Bottomed? Bitcoin experienced significant volatility over the past week, dropping from $96,000 on February 23 to $78,258 on February 27. However, it recovered most of its losses yesterday, rebounding to as high as $95,000. Related Reading: As Bitcoin Sell Pressure Fades, Could A Local Bottom Be Forming? Analyst Explains In the Quicktake post,....
Crypto analyst Tice has pointed to a signal that has predicted every Bitcoin bottom in each bear cycle. Based on this, the analyst suggested that the flagship crypto may again be forming a bottom just as the price looks to break above the psychological $80,000 level. The Signal That Has Predicted Every Bitcoin Bottom Is Again Aligning In an X post, Tice said that the signal that has called every Bitcoin bottom in history has triggered again. He noted that in the 2014, 2018, and 2022 bear cycles, BTC was in a bear cycle for around 14 months before forming a bottom, with a price explosion....
A crypto analyst has warned against giving in to the FOMO and buying Bitcoin (BTC) at new highs. He noted that although the cryptocurrency could continue its upward move and even push past $80,000, this does not necessarily signal the end of the broader bear market. Instead, he argues that the move could be a strong distribution phase, leading to further declines. He also projects that Bitcoin could still experience a deeper correction, with a potential market bottom forming near $40,000. Analyst Warns Against Buying BTC At $85,000 @Sherlockwhale, a crypto market analyst on X, is....
A crypto analyst is sounding the alarm about Bitcoin (BTC), warning investors to sell their coins before the next price crash. According to the market expert, Bitcoin could be preparing for another major correction, but this time, it’s in the $40,000 range. Contrary to the widespread belief that Bitcoin has entered a new bull market, this analyst argues that the bear market is far from over and that it will end only after BTC hits its final cycle bottom. Analyst Warns Investors To Sell Bitcoin Now Orbion, a crypto market, has warned members of the Bitcoin community to consider exiting....
The XRP price fell as low as $2.0238 on Monday, potentially forming a local bottom. Since then, the XRP price is up almost 6%, however, the possibility of a deeper retracement remains. Two prominent chartists—CasiTrades (@CasiTrades) and Charting Guy (@ChartingGuy)—have shared their perspectives on whether the token has found its local bottom or if further downside might still be on the table. Is The XRP Price Bottom In? According to CasiTrades’ newly published chart, XRP appears to have tested the 0.786 Fibonacci retracement at $2.05 and is now showing bullish divergences across multiple....