Bitcoin Cycle Confluence Hints No Bottom Before October – What This Means
Bitcoin’s market structure is showing signs of cycle alignment that could delay a true bottom until October. As technical signals converge, the focus shifts to whether this timing will mark a deeper continuation of the correction or the groundwork for a stronger rebound. Macro Picture Remains Bearish With $99,000 Target In a new insight shared on X, analyst TARA provided an update on Bitcoin’s price action, stating that “the fight continues” and that the internal “waves are such a mess right now.” The current situation reflects a highly complex market....
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Traders say BTC’s current price action aligns with the Bitcoin halving model, leading some analysts to expect a $24,000 bottom before the end of the year. One of the most popular topics of debate within the crypto community revolves around the Bitcoin (BTC) four-year halving cycle and the effect it has on the long-term price of the top cryptocurrency. Bitcoin price failed to hit the long-predicted $100,000 level in 2021 and many crypto analysts now find themselves wondering about the outlook for the next 6 to 12 months. Currently, BTC price trades below $40,000 and various technical....
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....
Analyzing seven key on-chain indicators can give us major hints as to when the bitcoin price is at the top or bottom of the current market cycle.
This week, Bitcoin's 150-day EMA is set to close below its 471-day EMA for only the third time in history. Bitcoin (BTC) could undergo a massive price recovery in the coming months, based on an indicator that marked the 2015 and 2018 bear market bottoms.What's the Bitcoin Pi Cycle bottom indicator? Dubbed "Pi Cycle bottom," the indicator comprises a 471-day simple moving average (SMA) and a 150-period exponential moving average (EMA). Furthermore, the 471-day SMA is multiplied by 0.745; the outcome is pitted against the 150-day EMA to predict the underlying market's bottom.Notably, each....
Bitcoin was able to hold the $20,000 through times with expected volatility, triggering speculations that the digital asset had finally reached its bottom. However, recent developments in the crypto market proved that the cryptocurrency had indeed not reached its bottom, declining lower than the previous cycle low. What Triggered The Decline One thing that bitcoin […]