The President of the Cryptoquant Company says that the Bitcoin market has already ended – changing its position from the earliest month when he said that the Bitco Bull will be slow but “still sound.”
“Bitcoin Bull has ended, where you expect 6-12 months of declining or side work for prices” He said On March 17.
Joe says that all signs are currently dominating
Joe said that all bitcoin scales (BTC) indicate the bear market. Joe said: “With the drying of fresh liquidity, the new whales sell Bitcoin at lower prices,” Joe said.
This comes just days after the Cointelegraph mentioned that Bitcoin financing, which reflects the cost of jobs for long or short positions in future encryption contracts, hovers near 0 %, indicating an increase in unprofessional absence between traders.
Joe’s demand is in a flagrant contradiction with his Bust 4, where he said that the Bitco Bull session will remain slow but “still sound”, noting neutral readings on the main indicators.
“The basics are still strong, with more online mining platforms,” Joe He said On March 4.
Other analysts are not downward. “There is no reason for panic”.
Hundal explained that although investors “feel panic” by US President Donald Trump’s tariff, “all numbers show a global economy indicating the right direction.”
“The money will move to the assets at risk when the market is ready for risk.”
At publication time, Bitcoin is trading at $ 83.030, a decrease of 14.79 % during the past month, According to To CoinmarketCap data.
Bitcoin decreased by 14.89 % during the past month. source: Coinmarketcap
Some analysts believe that, given that the global M2 money width has just reached new levels, Bitcoin can be set for ascending translation.
“I only say the width of the global money He said In a modern x publication.
Likewise, the CEO of Coinroutes Dave Weisberger said that if the historical direction continues, Bitcoin may reach its highest levels in late April.
“Expect Bitcoin to reach a new ATH within one month if its experimental association with the supply of money is installed,” Weisberger He said On March 17.
Related to: Bitcoin price failed to go equivalent with a decrease in the US dollar index (DXY) – why?
However, based on historical data, the current Bitcoin price must be 67 % lower than the minimum, according to the former Chairman of the Board of Directors of Phaunware Alan Knitowski.
“At this stage of the course, the minimum historical range should be about $ 250,000”, “Knitowski He said On March 17.
source: Alan Knitowski
“There is more than a 50 % chance we will see its levels at all before the end of June of this year,” Coantelegraph recently told Cointelegraph. The highest level was reached in the current Bitcoin, which is $ 109,000 on January 20, just hours before Trump’s opening as an American president.
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This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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