Is Bitcoin Showing Another False Downside Deviation? Analyst Weighs In

Bitcoin (BTC) surrendered to increase global economic certainty as it declined to 85,418 dollars earlier today, as it eliminated more than $ 150 billion of the total market value in the past 48 hours. The sharp decline of investors has left the brink of the abyss, but the Rekt Capital Experiencer indicates that this may be another negative deviation before BTC resumes its upscale momentum.

Another liar outbreak in Bitcoin?

In x mail Posted today, the Rekt Capital encryption analyst shared their ideas about conducting the current BTC price. The analyst has highlighted that, historically, BTC has offered negative deviations or less false breakdowns than each re -accumulation during the current market cycle.

However, such work is not unusual. In fact, it may provide a decent purchase opportunity for investors to collect some reduced bitcoin before restoring the bullish momentum.

Straight capital Assure Possible scenarios for BTC after the current negative deviation. First, if the deviation ends as a negative tail, the BTC price may rise to $ 93,500 by the end of the week.

However, if the pattern reflects the negative deviation after half, as the weekly candle is closed under the re -accumulation, BTC may take two to three weeks to recover 93,500 dollars. The analyst pointed out that regardless of the scenario that is revealed, BTC is likely to reconsider the level of $ 93,500 in the near future. The analyst added:

Each of these scenarios indicates a reconsideration of $ 93500 at some point, with an early reconsideration of this week or during the next 2-3 weeks.

Daan Crypto Trades, another prominent healing merchant, Repeat Rekt Capital analysis. The BTC scheme shared daily, Dan indicated that two of the previous wrong breakdowns in 2024 were followed by sharp direction repercussions, which eventually prompted BTC to new levels at all in the following months. TRUE.

At the same time, Merlin Trader also Sees The current BTC declines as a opportunity to buy. The analyst noted that the past five major BTC corrections have reached an average of about 23.8 %, while the current decrease sits approximately 21 %. This indicates that the market decline may approach its end, provided that BTC follows its previous correction patterns.

Is BTC preparing for its next leg?

Although the last sales process may have abandoned upward feelings, BTC long expectations are still very optimistic. Ark Investt recently Reaffirmation Its bold prediction that Bitcoin can reach $ 1.5 million by 2030, driven by increased adoption and placed as a global store of value.

Moreover, BTC is likely to benefit from Weakness The US dollar and to rise Global adoption as a trusted store. At the time of the press, BTC is trading at $ 86,979, a decrease of 0.8 % in the past 24 hours.

Distinctive image from Unsplash.com, plans from x and tradingview.com