Bitcoin Recovery Still Looks Like A Bear Market Rally, Analyst Says
A CryptoQuant analyst has explained how the recent Bitcoin recovery has still looked like a bear market rally based on signals in on-chain metrics. Bitcoin Recovery Has Come Alongside A Rise In The LTH Supply In a new thread on X, CryptoQuant community analyst Maartunn has discussed the recent recovery run that Bitcoin has witnessed. This surge has arrived after BTC stabilized into a consolidation range following its low at the start of February. Related Reading: Bitcoin Mining Network Collapsing Into AI At Record Pace, Analyst Warns On-chain data suggests that this bottoming process....
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Crypto analyst Hanzo has predicted that Bitcoin will rally to a new all-time high (ATH) of $170,000 in the next bull run. He also revealed what level investors should look to buy BTC in this bear market as they target this potential rally to $170,000. Bitcoin To Rally To $170,000 In Next Bull Run In an X post, Hanzo stated that Bitcoin is going to $170,000 and advised investors to buy BTC at $58,000 and sell it at $165,000. His statement suggests that the flagship crypto is likely to bottom out at $58,000 in this bear market. Meanwhile, his accompanying chart showed that BTC could reach....
With the Bitcoin price struggling recently, the expectations are that the crypto market is headed into another bear run. This is characterized by Bitcoin losing $100,000 after over four months, and has not been able to reclaim this major level. Meanwhile, sell-offs among whales have continued, putting billions of dollars worth of selling pressure on the cryptocurrency. As such, the probability that Bitcoin is going into a bear market has shot up considerably during this time. Analyst Warns Of Imminent Bitcoin Bear Market Crypto analyst Titan of Crypto has taken to the X (formerly Twitter)....
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....
Crypto analyst Crypflow has explained what the Bitcoin relief rally above $71,000 means for the leading crypto and hinted that BTC could still drop lower. This came as the analyst alluded to the previous bear markets and how recent rallies are mirroring price action in past cycles. Analyst Warns Relief Rallies Are Getting Weaker Amid Bitcoin’s Rally Above $71,000 In an X post, Crypflow stated that Bitcoin relief rallies are weakening and that every bear market has them. He noted that during the 2014 bear market, BTC saw relief rallies of up to 100% while in 2018, it saw rallies of between....
Bitcoin’s price recovery is not a new beginning: it is a familiar ending. That is the warning from a crypto analyst, who is of the notion that the current Bitcoin price action is playing out a bull trap the market has seen before and that the setup is pointing to a destination that sees the cryptocurrency crashing by almost 50% from current price levels. Related Reading: XRP Flashes Historic Rally Signal, Fueling $12 Price Speculation Bitcoin Mirrors Key Stepping Stones From 2022 Bear Cycle Chiefy’s analysis centers on a structural comparison between Bitcoin’s current....