The weekend is a time when many people enjoy a break from work. Bitcoin price suffered a major crashThe price fell below $60,000 in the cycle for the very first time. Investors returned into the market on Sunday and the price rose above $62,000. But this seems only to be a short-term recovery, because according to a certain analyst, Bitcoin is about to face a major setback. It will occur today.
Are we heading for a black Monday?
The analyst WhaleTwits platform on X (formerly Twitter), has sounded The alarm is sounded for what may be the Monday of Bitcoin’s life. After the recent crash of the Bitcoin market to around $59,000, this is a warning for what could be a Monday that will not soon forget. moved into the bearish territory Once again, suggesting the worst may not be over.
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The crypto analyst believes that Bitcoin will have a bad day on Monday. That is, today. However, this does not seem to be ‘bad’ in the sense that everyone expects. The crypto analyst warns investors to not panic during this period.
WhaleTwits claims that big investors and institutional investors actually take advantage of this period when investors panic. load up on their bags. This means they expect the Bitcoin to reach a bottom and begin recovering soon.
Can Bitcoin repeat the Silver’s Run?
The height of the building is a good way to start. Bitcoin price could climbThe analyst highlights the performance of Silver over the past 12 months. A 600% historical run for Silver left market participants in shock, despite the large value of its market capital. The analyst cites this as evidence that Bitcoin’s rally may be more significant.
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This chart shows that the Bitcoin price will bottom Above $50,000. The crypto analyst will expect the cryptocurrency pioneer to reach what is called a bottom once this level has been confirmed. “Parabolic Mark-Up.”
Bitcoin will hit a high of almost $500,000 at the upper-end of this trend. According to the chart, this trend will occur between 2026 and 2028, giving Bitcoin two years to achieve what it would otherwise accomplish. no doubt be a historical move.
Chart from TradingView.com, image from Dall.E
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Source: www.newsbtc.com
