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Technician Tony Severino Warning that Bitcoin/Vix is not ascending as market participants may think. Instead, the expert revealed that the current indicators indicate that the main encryption is taking place in the bear market.
Bitcoin/Vix refers to the bear market: analyst
in X postSeverino warned that VIX is not optimistic that some encrypted influencers may draw it. He stated that the technical analysis of it indicates that the current signs are what the market participants tend to see during Bitcoin bear markets. However, the expert indicated that the month has not ended, indicating that these indicators may still turn into ascending.
Severino has previously highlighted several reasons for the lack of a rise in Bitcoin and other encryption assets. At that time, allud to the BTC chart, which depends on Elliot wave theory Other technical indicators showed that the main encryption was probably issued in this market tour.
Amid Cevirino’s warning, codes such as Saeed gave a more up -to -bitcoin look. Saeed stated that this correction is simply a Retreat And that the direction of the broader and broader encryption is still optimistic. The analyst highlighted $ 85,000, as Bitcoin level needs a higher fracture to reach its highest new levels.
The macro side also looks bullish for Bitcoin at the present time. The latest inflation data in the consumer and PPI price index, which was released, was less than expectations, raising hopes for reducing the federal reserve rate soon. According to a recent report, the President of the Federal Reserve in Boston Susan Collins also confirmed that the US Central Bank is ready to help stabilize the market if necessary.
With the American president Donald Trump’s tariff Continuing, the United States Federal Reserve may have to intervene soon, which is upward for Bitcoin and other encryption assets, as more liquidity will flow to it.
BTC’s bullish technical analysis
In a modern x publication, Titan of Crypto It revealed that Bitcoin is a reverse pattern of the head and the opening, although it still seems to be a clean re -test today. He stated that if this style is run, the leading Crypto may reach $ 125,000 this year, which represents the highest new level ever (ATH).
Meanwhile, the Rekt Capital revealed that Bitcoin is developing another low in the RSI index (RSI) with the formation of low -level levels on the price. He pointed out that during the course, BTC was formed The upcoming differences Like this on a few occasions. This is a positive matter for the main encryption, as all difference has always been a repercussive to the upward trend, indicating that BTC can gather again to the upward trend soon.
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At the time of this report, Bitcoin price is traded by about $ 83,400, an increase of more than 3 % in the past 24 hours, according to Data From Coinmarketcap.
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