Bitcoin Price In Trouble? Bearish Divergence That Led To Market Crash Last Cycle Has Returned
Encrypted analyst Kevin Capital The price of Bitcoin may be in trouble. This is because his inspiration is that a market collapse that has caused the market crash in the previous cycle has returned to flagship cryptocurrency.
Seeing differences that cause the market crash to return with Bitcoin price returns
exist X postKevin Capital (Kevin Capital Bitcoin priceEssence He emphasized the degree of decline in this model, and pointed out that the only chart that made him get up at night was BTC’s divergent divergence of the weekly range.
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He pointed out how this model was composed of Bitcoin prices at the same time in the last cycle at the same time, which led to a significant decline at the time. However, encrypted analysts later mentioned Market collapse As BTC recovers this period. Therefore, he suggested that there is no need to worry, although he suggested that market participants do this, if this drop -down method is played like this.
However, in the revelation of the drop -down mode, the Titan of the encrypted analyst provides some optimism to the price of Bitcoin. In X post, he said BTC’s price increase stage It is beginning, and the brief merging seems to be over. His attached chart shows that the next step of BTC may be as high as $ 117,000.
Encrypted analyst Cobravanguard It also provides a bullish prospect for Bitcoin prices. He said that after BTC’s cups and handles formed $ 105,000, BTC entered the rise. He predicts that after the formation of this bullish model, flagship cryptocurrency may be as high as $ 123,000. The encrypted analyst also predicts that in this market cycle, BTC may be about $ 260,000.
Close every month to provide the prospect of bullish bulls to BTC
The end of the month of January provides a bullish prospect of Bitcoin prices. In X post, encrypted analyst Mikybull encryption It is pointed out that the good monthly shutdown makes the shooting star candle invalid. He added that based on this, the top of the cycle has not yet entered. His attached chart shows that BTC will soon reach $ 144,129.
At the same time, before the monthly closed in January, Cryptocurrency Titan It is mentioned that from the perspective of iChimoku, the price of Bitcoin looks high on the monthly chart. He added that the price is higher than that of all lines, and lines and Kumo Yun are trending upward. By February, there are many optimism, because this month is optimistic about the cryptocurrency market.
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During writing, the transaction price of Bitcoin prices was about $ 102,400, a decrease of more than 2 % in the past 24 hours. data From Coinmarketcap.
Charts from special images from pixabay, tradingView
