Bitcoin (BTC) The lack of short -term bull -up drivers and the worsening of technical perspectives prompted an analyst to plan offers at lower price levels to capitalize on a potential market panic.
“I will leave offers at $ 94,0000 and $ 82,000 in the event of panic,” said Brent Donelly, president of Spectra Markets, in a market update.
“If my point of view on reactive, budgetary dominance and the Fed-as-Puppet-Show is right, Bitcoin will eventually benefit.
Donelly explained that the craze around the treasures of digital assets (Dats)or the adoption of BTC business as an act of the Treasury, fades and the seasonal effects linked to the event of half of Bitcoin become lower.
Historical data show that Bitcoin bull markets generally culminate 16 to 18 months after an event in half, followed by a one -year bear market. Since the last reduction in half occurred in April 2024, this model suggests that the current bull race could approach its end, potentially giving way to an extended period of lowering.
Some observers, however, have argued that the institutionalization of the BTC through ETFs has changed the market and that half cycles are no longer valid, because the flows of minors now represent less than 5% of the volume of the market.
Speaking of technical perspectives, Donelly noted the double bitcoin top, a downward inversion model.
“I guess the Bitcoin’s weekend report after the” Dovish “Jackson Hole of Powell’s speech was a red flag and now we have a double BTC top with the first week of the crypto in the White House and the second on the feast of Ethmine organized by Bitmine,” he said.
Last week, Bitcoin fell below $ 111,982, confirming a double -top break and signaling a passage of upward trend.
Since then, the prices have rebounded at this level – which has now turned into resistance – in a conventional breakdown and model of retest. The markets often revisit critical distribution points to assess the seller’s strength before causing greater drops.
In other words, BTC is now at an inflection point. A clear break above said level would weaken the lower case. On the other hand, a lower turn would reinforce the lower motif, opening the door to a deeper slide.
The United States pay report on Friday could prove to be decisive. A stronger than expected reading can undermine bets on federal reserve rate drops, which can potentially push Bitcoin below. In anticipation of a lower result, some traders bought Put BTC options undervalued on the CME.
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