Bitcoin’s New ‘Line In The Sand’ May Be $82,000, Not $56,000: Analyst
An analyst has explained how Bitcoin’s bottom in the current cycle may not follow the same pattern as historical bear markets. Bitcoin Could Bottom Around True Mean Price Instead This Time In a new post on X, Checkonchain co-founder Alec Dejanovic has talked about a couple of pricing models related to Bitcoin. The first of these is the “Realized Price,” keeping track of the cost basis of the average investor on the BTC network. Related Reading: XRP Rebounds From Channel Bottom, Analyst Says $2.60 Could Be Next When the BTC spot price is trading above this level, it means....
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According to analysts from Decentrader, Bitcoin needs to quickly reclaim the $37,500 level and ETH needs to hold $2,300 as support to avoid bull-market-ending price action. Bitcoin (BTC) price continues to limp lower as traders in the U.S. hit the BBQ to enjoy the upcoming Memorial Day holiday on May 31 and regulated futures and options markets like the CME are closed through the weekend.Data from Cointelegraph Markets Pro and TradingView shows that after a brief attempt by Bitcoin (BTC) bulls to rally above $37,000 in the early morning hours on May 29, the price has tumbled below $34,000....
After Dogecoin temporarily fell by more than 22% yesterday amid rumors of a “Black Friday”, the price has since been able to recover at least some of its losses. Nevertheless, DOGE is still down around 11% since the start of the week. This has put the price of Dogecoin in a tricky situation. Dogecoin Forms Bull Div Dogecoin breached a critical ascending support line before quickly recovering, a behavior that crypto analyst Kevin (@Kev_Capital_TA) describes as testing the “lines in the sand” for this ongoing bull market structure. Related Reading: Dogecoin Crashes 20%, But ‘Bull Line’....
With the Federal Reserve set to announce policy on Wednesday, September 17, a closely followed trader has laid out a precise, level-by-level playbook for navigating Bitcoin’s next move. In his weekly “Market Outlook #51,” published on September 15, Nik Patel (@cointradernik) for Ostium Research maps out both long and short triggers around a tight cluster of resistance at $117.5k–$120k and a “line in the sand” support at $112k—frameworks he argues should contain BTC’s path through the FOMC and into quarter-end. How To Trade Bitcoin Into September FOMC Nik’s higher-timeframe read starts with....
Is Bitcoin’s bull run over? This crypto analyst doesn't think so. Bitcoin’s (BTC) price has declined over the past day or so, falling from highs above $60,000 to below $50,000. That, however, does not necessarily mean the asset’s bull run is over, according to a well-known crypto analyst, PlanB. “Nothing goes up in a straight line,” PlanB said in a Tweet on Friday. “#Bitcoin has gone up 6 months in a row, until this month. This looks like the mid-way dip that we also saw in 2013 and 2017.”PlanB is known in the crypto industry for his Bitcoin Stock-to-Flow, or S2F, model. The model....
The Bitcoin (BTC) price crash to $74,000 has left traders speculating whether the cryptocurrency has finally hit a bottom. However, a CMT-certified analyst suggests that Bitcoin’s price correction is far from over. He has predicted an even deeper pullback to $38,000 – $42,000, which he identifies as Bitcoin’s final price bottom. In a detailed Elliott Wave-based chart analysis, CMT-certified technical analyst Tony Severino outlines a classic 5-wave impulsive structure that appears to have completed its final leg near $85,000. Severino’s analysis highlights that Bitcoin’s latest....