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Cryptographic analyst Kevin Capital He has suggested that bitcoin's price may be in trouble. This follows its revelation that a bearish pattern that once led to a market accident in the last cycle has returned for flagship cryptography.
Bassist divergence that led to the yields of market shocks for the price of bitcoin
In a <a target="_blank" href="https://x.com/Kev_Capital_TA/status/1885527799806742676″ target=”_blank” rel=”nofollow”>x publicationKevin Capital revealed that the bearish divergence that led to the accident of the market in the last cycle has returned for the <a target="_blank" href="https://bitcoinist.com/bitcoin-rally-at-risk/” target=”_blank” rel=”nofollow”>bitcoin price. He stressed how bassist this pattern is, noting that the only painting that keeps him awake at night is the bearish divergence in the weekly period of time for btc.
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He pointed out how this pattern formed for the price of bitcoin at the same time that he did in the last cycle, causing a great fall at that time. However, the cryptographic analyst alluded to what happened after <a target="_blank" href="https://bitcoinist.com/bitcoin–ethereum-dogecoin/” target=”_blank” rel=”nofollow”>market collapse As btc recovered after this period. As such, he suggested that there was no need to worry, although he advised the market participants to prepare if this bearish pattern develops in this way.
However, in the midst of the revelation of the bearish pattern, the Cryptographic analyst Titan of crypto has provided some optimism for the price of bitcoin. In an x publication, he declared that btc marking phase It is starting and that short consolidation seems to be ending. His accompanying table showed that btc could recover up to $ 117,000 below.
Cobravanguard cryptographic analyst He also provided an upward perspective for the price of bitcoin. He said that btc has entered an upward phase after its cup and handling formation of $ 105,000. He predicted that the bad cryptography could recover up to $ 123,000 after the formation of this bullish pattern. The cryptographic analyst also predicted that btc could exceed around $ 260,000 in this market cycle.
Monthly Close offers a barter perspective for btc
The January monthly closure has provided an upward perspective for the price of bitcoin. In an x post, cryptographic analyst Mikybull crypt He pointed out that the good monthly closure has invalidated the candle of the fleeting star. He added that the upper part of the cycle is not yet based on this. His accompanying table showed that btc could meet at $ 144,129 soon.
Meanwhile, before monthly closure in January, <a target="_blank" href="https://bitcoinist.com/bitcoin-rally-at-risk/” target=”_blank” rel=”nofollow”>crypto titan He mentioned that bitcoin's price looks strong in the monthly table from an Ichimoku perspective. He added that the price remains above all the lines, with the lines and Kumo Cloud tending up. There is also a lot of optimism in February, since this month is historically optimistic for the cryptographic market.
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At the time of writing this article, the price of bitcoin is quoted at around $ 102,400, more than 2% in the last 24 hours, according to <a target="_blank" href="https://coinmarketcap.com/currencies/bitcoin/” target=”_blank” rel=”nofollow”>data of coinmarketcap.
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