Technical Analysis

The crypto market is emerging from extreme fear, with multiple indicators suggesting Bitcoin could be poised for a relief rally and potentially new all-time highs. Technical and sentiment analysis point to bullish momentum.

After a significant drop from its all-time high, an analyst known as Mister Crypto suggests Bitcoin may have found its bottom. Citing whale activity and technical indicators, he predicts a potential rally, though cautions that the broader market sentiment remains bearish.

Zcash’s price has fallen sharply despite positive news like an ETF application, with technical indicators pointing to a potential trend reversal.

Despite a recent price recovery, a technical analyst warns that Bitcoin may be setting a bull trap. A head-and-shoulders pattern suggests a potential drop to the $40,000-$48,000 range, urging caution against FOMO-driven longs.

Analyst Titan of Crypto shares four key Bitcoin charts, indicating a bearish bias, and explains the critical support levels to watch.

In this market update, Vincent Timmer analyzes Bitcoin’s current price action. He argues the higher timeframe trend remains bullish but outlines a ‘dream scenario’ of a final dip to grab liquidity before a potential run towards new all-time highs.

An expert claims that the Bitcoin bull market has ended and predicts a prolonged bear market, while others point to miner profitability and other indicators as signs of hope.

Technical analysts are warning that Bitcoin may be entering a new crisis phase, with bearish signals like the death cross pattern and increasing loss-taking by investors.