Why A Bitcoin Price Breakdown To $50,000 Could Be Important For Long-Term Bul...
A crypto analyst has shared two interesting scenarios she believes that the Bitcoin price could follow, depending on the direction of its next moves. According to the analyst, a price breakdown to new lows near $50,000 could be bullish for BTC, suggesting the cryptocurrency may reverse to the upside after hitting that bottom. On the other hand, she has also shared a bearish thesis which could see the flagship cryptocurrency extending its already prolonged downtrend. A Possible Bullish Scenario For The Bitcoin Price Crypto market analyst Tara has presented a price chart outlining a....
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Bitcoin’s price, unable to form a turn to growth, is continuing its downward trend. That movement is approaching a long-term resistance line, from which it may rebound up. The long-term correction is continuing, After breaking through the key level of $455, Bitcoin’s price could not fortify it. The bears were holding the advantage, which led to Bitcoin’s price falling and fortifying below that mark. The downward rebound scenario has played out. The level of $455 remains a point where the downward trend, which has started at $460, could be broken. The downward movement is part of a....
Bitcoin has retraced to the $85,000 level, a critical support zone that bulls must defend to prevent a deeper breakdown. After failing to reclaim higher levels, price action has slowed and volatility has compressed, reinforcing a market environment dominated by apathy and fear. Related Reading: Why Bitcoin’s Quiet Price Action May Be ‘Dangerous’ – IFP Signals Rising Structural Risk Sentiment across the crypto space has deteriorated sharply, with a growing number of analysts openly discussing the possibility of a prolonged bear market extending into next year. In this context, understanding....
The beginning of this year coincided with the growth of Ether. The price has approached a key long-term mark. Will this cause a continuation of the long-term upward trend towards $20? ETH/USD. The price of Ether is moving in accordance with the long-term upward trend scenario. The price has formed a sub-wave of a medium scale, which can very well be a part of this long-term trend with the minimal target set at around $20. Everything depends on how Ether’s price will now behave. It’s important that the key level at $7.9 has been broken through by this upward impulse, which has had a....
A long-term Bitcoin bull is imploring investors to stay measured and strategic in the middle of brutal short-term challenges for the market. In a detailed thread posted on X, market analyst Caleb Franzen made it clear that being bullish over the long run does not mean ignoring the realities of the current price structure. He […]
The downward trend on Ethereum’s market has lead the price to an important medium-term resistance. The trend is most likely to change at that point. Is the current trend nearing its end? Ethereum’s price has stopped at a long-term level, which already indicates that there are a number bulls out there. But whether the nature of those purchases is long-term or short-term will only become clear after analyzing the further structure of Ethereum’s price. For the formation of a short-term upward trend to begin, Ethereum’s price will have to fortify at the largest accumulated trading volume mark,....