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Technical expert Tony Severino warned that Bitcoin / Vix is not as optimistic as market players might think. Instead, the expert revealed that current indicators indicate that the flagship crypto was on a lower market.
Bitcoin / Vix points to a lower market: analyst
In a X postSeverino warned that Bitcoin / Vix is not optimistic because some cryptographic influencers could paint it. He pointed out that technical analysis suggests that current signals are that market players tend to see during Bitcoin Bear Markets. However, the expert noted that the month is not yet finished, which suggests that these indicators could still become bullish.
Severino previously highlighted several reasons for which he is no longer optimistic about Bitcoin and other cryptographic assets. At the time, he referred to the BTC graphic, which, on the basis of Elliott waves theory And other technical indicators have shown that the flagship crypto has probably exceeded this market cycle.
In the midst of Severino’s warning, cryptographic analysts like Saeed offered a more optimistic perspective for Bitcoin. Saeed said this correction is simply a healthy And that the broader trend of the flagship crypto is still optimistic. The analyst has highlighted $ 85,000, because the Bitcoin level needs to break above to reach new heights.
The macro side also seems to be optimistic for Bitcoin for the moment. The latest inflation data from the IPC and the IPP, which have been published, have occurred lower than expectations, which increases hopes for a drop in the federal reserve rate soon. According to a recent report, the president of the Boston FED, Susan Collins, also assured that the American central bank was ready to help the market if necessary.
With the American president Donald Trump’s prices Persisher, the Fed of the United States may have to intervene soon, which is optimistic for Bitcoin and other cryptographic assets, because more liquidity circulates there.
Haussier technical analysis for BTC
In a recent post, Crypto Analyst Titan of Crypto revealed that Bitcoin forms a reverse head and shoulder pattern, although it always looks like a clean retest for the moment. He pointed out that if this model takes place, the flagship crypto could reach $ 125,000 this year, marking a new summit of all time (ATH).
Meanwhile, Rekt Capital of Crypto analyst revealed that Bitcoin develops another lower on the relative force index (RSI) while forming lower stockings on the price. He noted that throughout the cycle, the BTC has formed Bullish differences Like that a few times. This is positive for the flagship crypto, because each divergence has always preceded upward reversals, indicating that BTC could again rally up soon.
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When writing data from CoinMarketCap.
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