Bitcoin’s Last Cycle Bottom Shows When The Bleed Will End This Time Around

Bitcoin’s market cycles have often followed recognizable technical structures, and one analyst now believes those repeating structures may already be pointing toward the next major bottom. This is the foundational principle behind why Elliott Wave, Harmonic Patterns, and Wyckoff theory work: trade an asset long enough, and it begins to show a pattern memory. Right now, that memory is speaking. And it’s pointing to a Bitcoin price bottom below $40,000. Pattern Memory And Bitcoin’s Retracement History A chart shared by market commentator Lisa N Edwards outlined how Bitcoin’s....

Bitcoin price struggles persist as the premier cryptocurrency is yet to break above the key $70,000 resistance zone, suggesting the market remains at risk of a deeper correction. Notably, popular market analyst Yonsei_dent has shared an observation that backs these bearish investors’ expectations. Related Reading: Bitcoin ETF Investors Show Diamond Hands: Only $6.5B In Outflows Since October 10 Bitcoin Supply In Profit Metric Shows Potential 75% Drawdown  In a Quicktake post on CryptoQuant, Yonsei_dent has identified a potential price bottom of the present market cycle, considering....

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 […]

Following the Bitcoin price crash toward $60,000 in early February, the question on the lips of every investor is when the bleed will end. To this end, a number of analysts have shared their expectations and predictions for where the Bitcoin bottom might be. Some have posited that the worst is over, while others have suggested that there are still more crashes to come. Following the latter trend, crypto analyst Plan C has shared why they believe the Bitcoin price has finally reached a bottom. Bitcoin 80-90% Crash Not Possible This Time Around In previous cycles, when the Bitcoin market had....

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....