Bitcoin Bear Case Says Price Is Headed Below $100,000, But Bulls Still Have A...
Bitcoin’s price has spent the past week hovering within a tight band and bouncing between $108,000 and $112,000 without any clear direction yet. There have been multiple rejections at the $112,000 price level and technical analysis shows pressure around the 200-day moving averages on the four-hour chart. Notably, a technical analysis shared by crypto analyst Daan Crypto shows Bitcoin is at risk of a breakdown below $100,000, but bulls still have a chance to stage a recovery rally in the weeks ahead. Analyst Warns About Sweep Of Monthly Lows In his latest post on the social media platform....
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The Bitcoin bull cycles have always been similar in the fact that each one has always ended with the Bitcoin price multiples higher than the previous high. While the digital asset has hit new all-time highs this cycle, it is far from being multiples of the previous all-time high, and has yet to hit the 2x mark. However, with a lot of similarities popping up between this cycle and what was seen in 2017, there is still the possibility that the Bitcoin price will run higher from here. Bitcoin Price Mirroring 2021 Cycle Moves Crypto analyst Merlijn The Trader took to X (formerly Twitter) to....
Bitcoin price continues to sink, and when it isn’t falling its barely able to move sideways, with “up only” the one direction the cryptocurrency won’t go. Whether or not the crypto market is headed toward another bear market or not is debatable for now, but technical analysis suggests that when the peak of this cycle […]
The Bitcoin price could be headed for more pain, as a crypto analyst has identified a new bear market indicator that suggests a crash to $40,000 is imminent. The analyst has predicted when this deep price decline is set to occur, warning investors to remain cautious or risk selling at a loss. Xanrox, a crypto analyst on TradingView, shared a detailed price analysis of Bitcoin on March 17, predicting that the pioneer cryptocurrency is set to crash to $40,000 by 2026. The analyst revealed that Bitcoin follows a predictable cycle pattern tied to its halving events, which occur every four....
Bitcoin has seen some mixed price action as of late that has made it incredibly confusing as to where it will trend in the mid-term The crypto is seeing some signs of strength today, with its price rebounding off of its recent lows as bulls look to target its $33,000 resistance The bear case for BTC has grown stronger throughout the past few days, but it remains unclear as to whether or not this low […]
Bitcoin price this morning touched $50,000 – a feat that might have have made a bear market look a lot less likely. But bulls could be celebrating too early, and a max pain scenario of a symmetrical triangle few currently see could end up shaking up both bears and bulls in the days ahead. Here is a much closer look at the symmetrical triangle, what the corrective pattern suggests, and why bulls certainly aren’t out of the woods just yet. Downtrend Remains Unbroken, Symmetrical Triangle Possible Downtrends can be deceiving. They don’t always necessarily mean a bear market, and....