Waiting For Bitcoin's Bottom? Analysts Assess If There's Room For Further Downsides Or Start Of Consolidation Phase
View original at finance.yahoo.comWaiting For Bitcoin's Bottom? Analysts Assess If There's Room For Further Downsides Or Start Of Consolidation Phase Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below…
Lo que extrajimos de esta fuente
The claims Via News extracted from this document. We point to the source; we don't replace it.
Kevin Warsh brings a 'credible posture' toward sustainable growth
80% confidenceMarket investors should not get 'fixated' on bottoms and tops
80% confidenceThe very modest and slight uptick in sentiment is notable, but we're still in extreme fear territory. That's usually when long-term entries start making sense
80% confidenceThe market is 'knee-deep' into 'Bitcoin Fall' after the bubble popped in early October
80% confidenceAnticipates one last 'sharp move down,' caused by an 'external shock' such as a major fund or exchange going bankrupt
80% confidenceBitcoin cycle low will be between $40,000-$55,000, consistent with predictions from 2024 when the latest cycle began
80% confidenceWhen capitulation occurs, there are only long-term holders left, so the price cannot drop any lower. That's when the new bull market begins
80% confidenceExpects the crypto market to remain 'choppy' through tax season, with heightened volatility possible this summer amid shifting macro conditions and the midterm cycle
80% confidenceHistorically, it takes a full year to reach 'capitulation,' the point where all of the short-term holders have given up and sold, often at a steep loss
80% confidenceMonetary policy will not be enough to bail out weak positions
80% confidenceIf Bitcoin consolidates in a narrow range for weeks, it could signal building momentum
80% confidence
Data points we hold from this source
| Elf Labs · product count | 100 product_lines |
