Monday, June 2, 2025
No Result
View All Result
DOLLAR BITCOIN
Shop
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
DOLLAR BITCOIN
No Result
View All Result
Home Bitcoin

Bitcoin Price Action Says Bottom Is In, Analyst Reveals What’s Coming

n70products by n70products
March 6, 2025
in Bitcoin
0
Bitcoin Price Action Says Bottom Is In, Analyst Reveals What’s Coming
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter



Este artículo también está disponible en español.

Crypto analyst Grasp Ananda has asserted that the underside is in for the Bitcoin worth following its massive crash below $80,000 final week. In step with this, the analyst revealed what to anticipate subsequent from the flagship crypto. 

In a TradingView post, Grasp Ananda claimed that the underside is in based mostly on the present Bitcoin worth motion. He acknowledged that final week’s drop, touch-and-go, is the proper backside sign. The analyst additional remarked that $78,300 will be taken as the underside, which represents a 28% decline from BTC’s all-time high (ATH) of $109,000. 

Associated Studying

Grasp Ananda additionally famous that this was a traditional retrace, as there all the time is one after a robust bullish breakout. He defined that this traditional retrace is nice for the Bitcoin worth as a result of the flagship crypto will take its time to construct up energy. The analyst added that taking time to develop is nice, and is the one means it could possibly work if BTC is to maneuver larger in the long run.

Bitcoin
BTC chart displaying that worth has bottomed out | Supply: Master Ananda on X

In the meantime, as to what’s subsequent for the Bitcoin worth, the crypto analyst acknowledged that on common, every day worth will increase of $500 or $800 can reveal how lengthy it can take to achieve larger costs and better ranges within the coming months. Grasp Ananda then urged that the flagship crypto could reach $200,000 subsequent month. 

Grasp Ananada then suggested market members to purchase and maintain seeing because the low is in for the Bitcoin worth. He added that the market is giving a second alternative, as market members have the prospect to purchase at comparatively low costs. The crypto analyst additionally talked about that BTC is in an accumulation part and asserted that it’ll go up and proceed to develop within the long-term. 

BTC Regaining Momentum

Crypto analyst Titan of Crypto additionally affirmed that the Bitcoin worth is regaining momentum. He famous that BTC has reacted strongly to the Kijun appearing as assist on the weekly chart. The analyst added {that a} weekly shut above the Tenkan at round $94,000 would verify a shift in momentum and reinforce the bullish case for the flagship crypto. 

Associated Studying

In the meantime, in one other X submit, the analyst asserted that the Bitcoin bull market remains to be on. He claimed that there was no bear market in sight in keeping with the Supertrend indicator. As such, the analyst believes that it isn’t but time to be bearish. His accompanying chart urged that the Bitcoin worth may nonetheless rally to above $200,000 earlier than the bear market kicks in. 

On the time of writing, the Bitcoin worth is buying and selling at round $92,000, up over 5% within the final 24 hours, in keeping with data from CoinMarketCap.

Bitcoin
BTC buying and selling at $91,545 on the 1D chart | Supply: BTCUSDT on Tradingview.com

Featured picture from LinkedIn, chart from Tradingview.com



Source link

Tags: actionAnalystBitcoinBottomcomingPriceRevealswhats
Previous Post

Binance To Delist Tether’s USDT and Eight Other Non-Compliant Stablecoins in Europe

Next Post

Trump’s World Liberty bought $20M worth of crypto ahead of March 7 summit

Next Post
Trump’s World Liberty bought $20M worth of crypto ahead of March 7 summit

Trump’s World Liberty bought $20M worth of crypto ahead of March 7 summit

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

Why this crypto VC is bullish on Ethereum despite ETH trailing Solana, Bitcoin

Why this crypto VC is bullish on Ethereum despite ETH trailing Solana, Bitcoin

November 17, 2024
Secured #6 – Writing Robust C – Best Practices for Finding and Preventing Vulnerabilities

Secured #6 – Writing Robust C – Best Practices for Finding and Preventing Vulnerabilities

December 27, 2023
Crypto Trader Michaël van de Poppe Says Top-10 Altcoin Could Go Up 213%, Updates Outlook on Sui and Chainlink

Crypto Trader Michaël van de Poppe Says Top-10 Altcoin Could Go Up 213%, Updates Outlook on Sui and Chainlink

January 25, 2025
Bitcoin Price Struggles Due To ‘Absence Of Positive Catalysts,’ Coinbase Analysts Reveal

Bitcoin Price Struggles Due To ‘Absence Of Positive Catalysts,’ Coinbase Analysts Reveal

March 5, 2025
Development update #4 – ethereum.org

Development update #4 – ethereum.org

September 30, 2024
Changelly Releases Updated Predictions For XRP Price, When Will It Cross $10?

Changelly Releases Updated Predictions For XRP Price, When Will It Cross $10?

December 18, 2023

Recent Posts

  • Singapore imposes June 30 deadline for crypto firms offering overseas services
  • XRP Price at Risk of More Losses — Can Key Support Hold?
  • Ethereum Wallet – Developer Preview

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Blog
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

Recommended

Singapore imposes June 30 deadline for crypto firms offering overseas services

Singapore imposes June 30 deadline for crypto firms offering overseas services

June 2, 2025
XRP Price Gears Up—Can It Overcome Key Resistance Levels?

XRP Price at Risk of More Losses — Can Key Support Hold?

June 2, 2025

© 2023 Dollar-Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet

© 2023 Dollar-Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version