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Is The Bitcoin Bull Cycle Really Over? This Indicator Suggests Price Could Rebound To $130,000

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Is The Bitcoin Bull Cycle Really Over? This Indicator Suggests Price Could Rebound To $130,000 - NewsBTC

Quick Summary:

How BTC Price Could Go For A Final Peak In This Cycle In a Quicktake post on the CryptoQuant platform, an analyst with the pseudonym Tarekonchain revealed the “truth” behind the current cycle, saying the latest market crash might be an opportunity for investors to buy the dip.

The Quicktake analyst also noted that while BTC’s slump beneath the 365-day moving average is undeniably a bearish signal, the premier cryptocurrency still has an opportunity to rebound from the critical $65,000 support level.“This does not mean the price must reach $65K, but rather that it’s a strong support level,” Tarekonchain added.

Tarekonchain noted that the Bitcoin price might not have topped out in the current cycle as its MVRV ratio is yet to reach 3.5 as it did in previous cycles.

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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-01 @ 17:00:54 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 420 words

Reading Time: 3 minutes read

Sentences: 65 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 26549149

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 5 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 11 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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