Bitcoin’s been climbing roughly 20% over the past month and Ali Martinez thinks an even stronger pump might be on the horizon rn. 🖤 Other analysts tho believe the bear market ain’t done yet and could trigger a big short-term dip.
Will History Repeat Itself? 🌙
Bitcoin’s been hovering between $78,000 and $80,000 lately and trades near the middle of that range right now. Martinez noted BTC just reclaimed its Warm Supply Realized Price which tracks the average cost basis from the past one week to six months. The previous four times this happened it led to massive rallies like the 160% explosion in October 2023 and the 74% pump a year later.
https://x.com/alicharts/status/2097419017124294911
X user Crypto Rover spotted a golden cross forming on the chart and reminded everyone the last time this pattern showed up the bear market ended with a 500% surge. ✨ Another bullish vibe comes from spot ETFs pulling in almost $1 billion last week which shows big institutions are hungry for it. BlackRock’s IBIT leads with over $64 billion in net assets while Fidelity’s FBTC sits at roughly $10.3 billion. 💀
Crash on the Way? 😈
Some think a full bull run is coming but first BTC might face a steep drop. Crypto With Haris ₿ claimed the final dump is closer than most realize and envisions a plunge to $62,000 before the real uptrend starts.
https://x.com/Crypto__Haris/status/2097571845004574920
Crypto Lens argued BTC is finishing its last bull trap and could crash as low as $50,000. Crypto Patel added that a rejection at $83,000 keeps the structure bearish risking a slide to $50k but a daily close above it with a retest might open the door to $100,000. 🔥🕸️🦇💜🌑
Just another echo from the void by iconofsin.eth 💖
