Continued resistance has kept Bitcoin trading within the $66,000-$68,000 range. As sentiment remains fragile, a technical signal seen in 2014, 2018, and 2022 has reappeared.
Key takeaways
Quick scan — what you need to know:
- Continued resistance has kept Bitcoin trading within the $66,000-$68,000 range.
- As sentiment remains fragile, a technical signal seen in 2014, 2018, and 2022 has reappeared.
- However, this could be a major accumulation opportunity for long-term investors.
- “Golden Opportunity” Crypto analyst Ali Martinez has identified a recurring technical signal tied to Bitcoin’s historical cycle bottoms, centered on the crossover between the…
Background
What led here, in plain terms:
- This crossover has consistently appeared near the final phase of bear markets since 2014, which has led to the last major capitulation before a new bull cycle begins.
- During the 2014 cycle, Bitcoin had already fallen 72% from its peak when the crossover formed in December, followed by a further 52% decline within 23 days that marked the ultimate bottom.
- In 2018 as well, the pattern repeated after a 67% drawdown, with the crossover appearing in November and a final 50% drop occurring 33 days later.
- The 2022 cycle also showed a similar structure, as a 50% decline preceded the crossover in May and an additional 45% drop within 33 days, although a secondary lower low formed 156 days later, which…
Why it matters
Why readers and decision-makers should care:
- However, such moves are viewed as temporary and more suitable for short positioning.
- The post Is This the Last Dip?
- Crucial Bitcoin Indicator Points to Final Capitulation Phase appeared first on CryptoPotato.