Bitcoin Price Action Says Bottom Is In, Analyst Reveals What’s Coming

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Bitcoin Price Action Says Bottom Is In, Analyst Reveals What’s Coming - NewsBTC

Quick Summary:

In line with this, the analyst revealed what to expect next from the flagship crypto. Bitcoin Price Action Shows Bottom Is In In a TradingView post, Master Ananda claimed that the bottom is in based on the current Bitcoin price action.

The analyst further remarked that $78,300 can be taken as the bottom, which represents a 28% decline from BTC’s all-time high (ATH) of $109,000. Related Reading: Bitcoin Flag Pole Pattern Puts Price At $120,000, Analyst Explains The Roadmap Master Ananda also noted that this was a classic retrace, as there always is one after a strong bullish breakout.

The analyst added that a weekly close above the Tenkan at around $94,000 would confirm a shift in momentum and reinforce the bullish case for the flagship crypto. Related Reading: Bitcoin Price At The End Of The Bull Market?