Again one legend pridiction 👽👽
BTCUSD
circled $85,000 into the March 23 weekly close as excitement over a key trend change brewed.
Bitcoin price meets decisive RSI setup
Data from Cointelegraph Markets Pro and TradingView showed
BTCUSD
finding strength during weekend trading.
Up 1.5% on the day, Bitcoin edged higher as part of a broad crypto market uptick, which also lifted various major altcoins.
“I think this next week will be telling where the market wants to head for the next higher timeframe move,” popular trader Daan Crypto Trades wrote in part of his latest X analysis, noting the closing position of CME Group’s Bitcoin futures.
Bull market to return in “a couple of weeks?”
Elsewhere, trading team Stockmoney Lizards shrugged off the idea that Bitcoin risked entering a long-term bear market.
The local bottom, it told X followers in its latest market analysis, lay at $76,000 — a level already revisited earlier this month.
“While many are panicking and declaring a bear market, the long-term trend channel (green lines) remains firmly intact,” it summarized alongside a chart showing BTC price fluctuations around an average trend line during bull markets.
“This correction doesn't invalidate the uptrend - it confirms it.”
Stockmoney Lizards acknowledged that upside continuation may take some time.
“This test doesn’t guarantee an immediate pump, but history indicates we're approaching a bottoming zone,” it concluded.
“How long does this take? Well, nobody knows. These days, news, macroeconomic signals etc. can determine the duration of our correction. Educated guess: a couple of weeks.”
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.