Nagbabala ang analyst tungkol sa bearish bias habang ang Bitcoin ay nahaharap sa mga hadlang
Nagbabala ang analyst tungkol sa bearish bias habang ang Bitcoin ay nahaharap sa mga hadlang In the realm of cryptocurrency markets, Bitcoins journey to reclaim its all-time high above $73,000 has encountered significant hurdles, with the asset currently trading below the $70,000 mark. The anticipation surrounding the upcoming halving event has added to the uncertainty, prompting some market analysts to issue bearish price predictions. Notably, cryptocurrency trading expert Alan Santana has cautioned investors to brace themselves for a potential sell-off, citing Bitcoins persistent bearish bias. Bitcoins bearish forecast insights from trading expert Alan Santana Alan Santana, in a recent TradingView post, highlighted Bitcoins struggle to breach the $65,000 resistance level, indicating a continuation of its downward trajectory. Santana emphasized the importance of monitoring Bitcoins movements vis-à-vis the exponential moving average 21 (EMA21) daily, which has consistently signaled a bearish sentiment in the market. He projected a short-term target of around $59,000, with further potential downside to levels between $51,000 and $53,000. Examining Bitcoins short-term trendlines, Santana observed a prevailing negative sentiment among traders, with the cryptocurrency confined within a bearish territory. He outlined key levels to watch for potential shifts in momentum, noting that Bitcoin would need to surpass and close above $68,500 to signal bullish potential. A preliminary indication






