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Cryptographic analyst Tony Severino He warned that the price of bitcoins risks another disaster. This happened when he revealed a critical technical indicator that became bear for the flagship crypto, although he noticed that BTC Bulls could still annul this current bear configuration.
Bitcoin price threatened with further accidents because S&P Monthly Lmacd is changing
IN X PostSeverino pointed out that the price of Bitcoins can be promoted because the monthly LMacd S&P 500 began to exceed Bearish and the histogram became red. This development is significant, as Intotheblock shows BTC and stock exchange They still have a robust price correlation.
The cryptographic analyst stated that Bulls BTC can change this bear in the price of Bitcoins in the next 20 days, because the discrepancy would lead to a stubborn configuration. However, the lack of a bulls bend for Bitcoin can lead to Huge drop In the case of flagship cryptocurrencies, worse than already a witness.
Severino said that confirmation of this bear at the end of the month can start bears Or a black swan -type event similar to what happened when the last two crossovers occurred. It is worth mentioning that BTC has recently crashed up to 76,000 USD, which caused fears that bears could be here.
However, cryptocurical experts like Co -founder of Bitmex Arthur Hayes I suggested that the bull market is still in the game at the Bitcoins price. Hayes noticed that BTC improved about 30% of the current all time (ATH), which he noted, is normal on the run. The founder of Bitmex predicts that the flagship crypto will affect when the US Federal Reserve begins to alleviate its monetary policy.
BTC still looks good despite the last failure
Cryptographic analyst Kevin Capital He suggested that the price of Bitcoins still looks good despite the last disaster. In its latest market update, he stated that BTC remains the best -looking chart and that everything goes according to the plan of the flagship cryptography. The analyst predicts that Bitcoin can still drop and test the range from 70,000 to 75,000 USD, which, he claims, will still be fine.
Kevin Capital noticed that the Bitcoins price can remain on the surface if it has a key market structure and a 3-day MacD reset. He added that some decent macro data can lend a hand the flagship cryptography remain above key support levels. . CPI US data It will be released today, which can bring relief on the market if it shows that inflation is slowing down. The analyst is convinced that one good inflation and fomc report can lend a hand turn the gears.
At the time of writing this text data with coinmarketcap.
A distinguished picture from Adobe, chart from TradingView.com
