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In the continuous debate about the Bitcoin market path, two prominent encryption analysts participated in contradictory views of X, which confirms the divided feelings of society. While one emphasizes that there is still a radical slowdown, the other assumes that the worst in the market shrinkage has already passed, which increases the probability of 87.5 %.
Bitcoin bears in trouble?
Crypto Analyst Doctor Profit (DrProfitcrypto) to publish On X and put a potential track for Bitcoin: “There is a scenario: a) the bottom in the area of 68-74K in the regular market, b) the complete collapse of about 50 thousand in the black swan event.”
He did not provide a specific possibility of any of the results, but he stressed that it is possible to exclude the black swan event – a term used to describe a rare and unexpected event that can significantly affect the markets -. While he pointed out that such an extraordinary recession was unlikely, now he admits that the recent transformations in the total scene may leave room for them: “Take your bets, I would like to say that the black swan occurred was very unlikely in the past few months, but I will ask me now, I will not welcome it, but welcome it.”
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On the contrary, the astronomer analyzed at Crypto (@aastonomer_zero) responded to more ups off, stressing that the bottom is already succeeded. He pointed to a busy record of bitcoin’s repercussions on the meetings of the Federal Open Market Committee (FOMC), claiming that it works “14 times from 16 times”, or about 87.5 % of the time. “Not guarantees, but a chance of 87.5 %, gave the graph below and all the achievements that I already provided. So far very good.”
Its curriculum depends on setting price movements close to FOMC dates, noting that markets are often the price in interest rate decisions (and relevant news) before official ads. The astronomer method confirms that Bitcoin usually finds local bottoms in a window that extends from up to five “two -dimensional bars” before the date of FOMC until the meeting day itself.
“All it takes is the face on a daily time frame (or daily daily to keep the chart clean), and all the FOMC meeting dates appeared, knowing the price he did. This indicates that the price already tends to the opposite when the time approaches FOMC. Warning is that the price is reflected before or in the latest, directly on FOMC,” the analyst writes.
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It indicates that the next FOMC meeting is scheduled to be held on March 19, which means that the bottom – if the historical style – will not appear at a date that does not exceed this date: “It works almost every time, 14 of 16 times (or 87.5 % of the time) … And near March 5.
To support his argument, the astronomer refers to what he considers “peak fear” in the market. It looks at increased pessimism and “warning posts from anywhere” from well -known merchants as typical signals that the bounce may be imminent: “wise feeling, and fear is recommended for the levels […] I don’t blame anyone’s methods, but I consider it a great sign on the bottom. “
At the time of the press, BTC was traded at $ 83,277.
Distinctive image created with Dall.e, Chart from TradingView.com
