Bitcoin At A ‘Do-Or-Die’ Level As Cycle Faces First Real Test: Analyst
Bitcoin is sitting on its first true make-or-break support of the cycle, and the market is now in what crypto analyst Dom (@traderview2) calls a “fork in the road.” His message is direct: if Bitcoin cannot stabilize and reclaim key levels quickly, the structure that has defined this entire run breaks for the first time — and he’s positioning for downside. “This is the last chance for Bitcoin to hold this level and to push higher,” he said in a live analysis stream on October 29. “If Bitcoin does not see its footing here over the next week or two, I think that this is going to break down.....
Related News
Recent on-chain data shows that a relevant class of Bitcoin investors known as long-term holders has continued to move out of their market positions. LTHs Actively Switching To Distribution In a November 1st post on social media platform X, popular on-chain analyst Burak Kesmeci shared an insight into the prevalent structural bias among Bitcoin’s long-term holders. Kesmeci’s analysis hinges on the Long-Term Holder Net Position Change metric, which tracks the net buying or selling behavior of Bitcoin’s long-term investors over a period of 30 days. Related Reading: Bitcoin At A....
Crypto analyst Cantonese Cat has drawn attention to the current Dogecoin price action, making comparisons with the 36,000% rally recorded in the last cycle. Meanwhile, crypto analyst Ghost has also provided a bullish outlook for the meme coin, predicting it could still rally to $1. How The Current Dogecoin Price Action Differs From Last Cycle In an X post, Cantonese Cat highlighted some differences between the current Dogecoin price action and that from the last cycle, when it recorded a 36,000% rally. The analyst noted that the last cycle was an anomaly because DOGE punched through the....
Crypto analyst Chain Mind has indicated that the Bitcoin price has yet to bottom. He alluded to historical performance, which shows that BTC has never bottomed without touching the EMA 300. Bitcoin Price Unlikely To Bottom Before Touching This Level In an X post, Chain Mind indicated that the Bitcoin price is unlikely to bottom out without first touching the EMA300. He noted that BTC has never bottomed without touching this level, as it did in 2020 and 2022, when it tagged the weekly EMA300 right before the cycle low. Specifically, Bitcoin’s bottom came 10% below the EMA in 2020 and 15%....
Bitcoin is struggling below $70,000. The market is uncertain. And the players with the most to lose have quietly stopped selling. Related Reading: The Last Time Oil Did This, Bitcoin Did Not Exist – BTC Faces Its First Real Stress Test Top analyst Darkfost has published an assessment that reframes the current consolidation in a […]
Dogecoin’s next inflection could arrive as soon as October 22–23, according to crypto analyst VisionPulsed, who argues that the memecoin’s multi-month rising channel will either confirm with a higher low in the $0.16–$0.18 region or give way to another full “round trip” into year-end. In an October 16 video analysis, he frames the coming week as a binary checkpoint: “This next week is going to be your do or die… if this breaks down, it’s over. GG. If it holds, then we could say, ‘All right, rally is coming and maybe we’ll get another chance.’” Why October 23 Could Be Crucial For Dogecoin....