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Cryptographic analyst Tony Severino He has warned that Bitcoin’s price risks an additional accident. This occurred when he revealed a critical technical indicator, which has become bassist for flagship cryptography, although he pointed out that BTC Bulls can still invalidate this current bearish configuration.
Bitcoin price at risk of a higher accident as S&P monthly lmacd becomes bassist
In a X publicationSeverino indicated that Bitcoin’s price could be blocked even more, since the monthly LMACD S&P 500 has begun to cross the bassist and the histogram has become red. This development is significant since Inotheblock data shows that BTC and the stock market They still have a strong correlation of positive prices.
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The cryptographic analyst declared that BTC Bulls can convert this bearish configuration for the price of Bitcoin in the next 20 days, since divergent would lead to a bullish configuration. However, the failure of the bulls to change this for Bitcoin could lead to a massive decline For badly cryptography, worse than you have already witnessed.
Severino declared that a confirmation of this bearish configuration at the end of the month could begin a Bear market O Swan Black Swan type event similar to what happened when the last two crossovers happened. It is worth mentioning that BTC has already crashed up to $ 76,000 recently, which caused concerns that the bearish market could already be here.
However, encryption experts such as Bitmex co -founder, Arthur Hayes, They have suggested that the upward market is still at stake for the price of Bitcoin. Hayes said BTC has corrected about 30% of its current maximum of all time (ATH), which commented that it is normal in a bull race. The founder of Bitmex predicts that the bad cryptography will recover once the United States Federal Reserve begins to relieve its monetary policies.
BTC still looks good despite the recent accident
Cryptographic analyst Kevin Capital He has suggested that Bitcoin’s price still looks good despite the recent accident. In its latest market update, he declared that BTC remains the most attractive list and that everything is in accordance with the plan for flagship cryptography. The analyst predicts that Bitcoin could still go down and try the range between $ 70,000 and $ 75,000, which states that it would still be completely well.
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Kevin Capital commented that the price of Bitcoin could remain afloat if it has a key market structure and the 3 -day MACD remains. He added that some decent macro data could help badly cryptography to stay above the key support levels. He US CPI data. UU. It will be launched today, which could provide some relief for the market if it shows that inflation is slowing down. The analyst is confident that a good inflation report and FOMC can help turn the tides.
At the time of writing, the price of Bitcoin is quoted to around $ 81,860, more than 2% in the last 24 hours, according to data of coinmarketcap.
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