cryptd.in

Alternatyvus "LinkedIn", skirtas kriptografiniams talentams

Here’s Why The Bitcoin Price Could Pump To $110,000 This Week

-

pagal

cryptd.in
svetainėje

The Bitcoin price has spent the past few days struggling to recover from its sharp breakdown below $100,000, a move that rattled traders and briefly pushed the crypto market into one of its weakest phases in many months. Bitcoin’s price action has hovered in the mid-$90,000 range since the drop, but the past 24 hours have been highlighted by a break below $90,000. 

In the middle of this bearish volatility, a new technical outlook from Tony “The Bull” Severino suggests that Bitcoin’s next move may be more bullish than the recent weakness implies.

A Death Cross Forms During The Bitcoin Price Downtrend

Tony’s analysis highlights the developing death cross on the daily timeframe, where the 50-day moving average is now bending down toward the 200-day moving average. The pattern is generally viewed as bearish, but the placement of the moving averages and the slope of the short-term line show something different unfolding on Bitcoin’s chart. 

The green 50-day average has been gradually drifting lower after weeks of fading momentum, and the red 200-day average has begun flattening out from the long-term uptrend. As shown on the chart below, this death cross has formed around $110,000, and according to the analyst, Bitcoin might pump into this price level next week. 

The reason a pump remains possible at this stage is tied directly to how moving averages behave. After the breakdown beneath $100,000, Bitcoin found support just below $92,000 and has since been forming a series of smaller-bodied candles that reflect the early stages of a potential reversal. 

If buyers take control, a fast move toward the region between $103,000 and $110,000 becomes realistic. However, price action in the past 24 hours, which has seen Bitcoin break below $90,000, threatens this bullish outlook.

Bitcoin price

Bitcoin Price Chart. Source: @TonyTheBullCMT On X

The Path To $110,000 This Week

For Bitcoin to reach $110,000 in the coming days, the market would need to replay a pattern seen several times in past cycles: a strong relief rally just before or immediately after a death cross forms. 

These rallies happen because sentiment becomes overly pessimistic at the exact moment when shorts begin to pile in, leaving the price vulnerable to a sharp upside reaction. However, for that scenario to unfold now, Bitcoin would first need to push convincingly back above $90,000 and show that momentum is shifting away from the recent sell-off.

Interestingly, other analysts have pointed to bullish primers for Bitcoin, despite the bearish price action. One such case is the Bitcoin SSR RSI, which was highlighted by a CryptoQuant community analyst called Maartunn, that shows rising stablecoin buying power relative to Bitcoin’s market cap.

On the other hand, a bearish indicator has risen up with the SuperTrend indicator, which proposes a further 67% drop in the price of Bitcoin. At the time of writing, Bitcoin is trading at $89,760, down by 5.8% in the past 24 hours.

Bitcoin price chart from Tradingview.com

Komentarai

Parašykite komentarą

El. pašto adresas nebus skelbiamas. Būtini laukeliai pažymėti *

Naujausi duomenų srautai

Populiarios kategorijos

lt_LT Lietuvių kalba
lt_LT Lietuvių kalba en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

Paieška svetainėje

Populiarios istorijos

Žymos

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenRinkimai (1) #BinanceVsCoinbase (1) #Bitcoin (425) #BitcoinETF (3) #Bitcoin pagrindai (1) #BitcoinHandling (1) #BitcoinPrice (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #BTitwise (1) #BracebridgeCapital (1) #BRC20Tokenų (1) #BTCįsigijimas (1) #BullishPrediction (1) #BullishSentiment (1) #CKinijos kalnakasyba (1) #CPIPperžiūra (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #C Kriptomanija (1) #CryptoMarket (4) #CryptoPrediction (1) #C kriptografinės prognozės (1) #C kriptografinis reguliavimas (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #C kriptografijos neapibrėžtumas (1) #DerivativeJump (1) #Dogecoin (73) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECkomercija (1) #ElSalvadorBitcoin (1) #Ethereum (69) #EtereumPain (1) #EthereumPrice (1) #Eksperto nuomonė (1) #FedRateCut (1) #FiatCurrency (1) #Finansinis poveikis (1) #Finansų privatumas (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) 1TP5Investicijos (1) 1TP5Investicijų nuostoliai (1) #Japonijos įmonė (1) #Teisiniai veiksmai (1) #Teisinis poveikis (1) #Teisės aktai (1) #Žaibo tinklas (1) #M rinkos analizė (3) #M Rinkos stebėjimas (1) #M rinkos prognozė (1) #M rinkos prognozės (1) #M rinkos projekcija (1) #MarketSupport (1) #M Rinkos nepastovumas (1) #M santuoka (1) #MemeCoin (5) #MemeCoins (2) #MinerProfitability (1) #M Pinigų plovimas (2) #MtGox (4) #NorthKoreaCrypto (1) #NovogratzPrognozė (1) #PriceMilestone (1) #PKainų prognozė (2) 1TP5Kainos klausimas (1) 1TP5Kainų šuolis (1) #PrisonSentence (1) #QuantAnalysis (1) #Reguliacinis spaudimas (1) #SECAntiCrypto (1) #ShibaInu (5) #SocialBuzz (1) #Techninė analizė (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashDeveloper (1) #UKCrypto (1) #UpsidePotencialas (1) #USKongrese (1) #WyomingLand (1) #XRCena (1) #XRPpasirodymas (1)

Naudingos nuorodos

Nuorodos, kurias radau naudingas ir kuriomis norėjau pasidalyti.