Trading King

06/23 05:15

Bitcoin may be nearing a major turning point, but

#World Cup Predictions: 100,000 USDT Daily #TradFi Trading Strategies Sharing Challenge #HTXCommunity4thAnniversary Bitcoin may be nearing a major turning point, but analysts say the market could still see one more move lower before a cycle bottom forms. Ted expects $BTC to form another lower high before a final drop, while CW says a long-term regression band is flashing a historical bottom signal. Bitcoin Analyst Expects One More Drop Before Cycle Bottom Forms Bitcoin could be setting up for another lower high before making a final move lower to complete its cycle bottom, according to crypto analyst Ted. In a post on X, the analyst said $BTC appears likely ved to form another lower high, a pattern that would keep the broader downtrend intact. The charts show Bitcoin repeatedly failing to reclaim resistance near the $75,000 area while support from an ascending trend line has weakened

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