The Bitcoin price has stalled after hitting the $71,000 level, floating in what is essentially a limbo of indecisiveness. Naturally, periods like these act as a predecessor to a massive move, but what direction the price might be headed in is another thing entirely. In an effort to pinpoint where Bitcoin is going, crypto analyst Alan Santana has analyzed the Bitcoin chart and come up with a possible direction. Bitcoin Could Be Headed Downward Alan Santana’s analysis looks at the Bitcoin performance over the past year in a bid to tell where the price might be headed. As the analyst points out, the Bitcoin price has been in a bullish wave for more than one year, 479 days to be exact, since November 2022 through to March 2024. Related Reading: Inverted Hammer Appears On The XRP Price Chart, Crypto Analyst Picks First Target Of $0.75 Naturally, when bullish waves like these last for so long, it is expected that there will be a crash downward as investors begin to sell off their holdings. The problem is that bearish waves af ..
Support the originator by clicking the read the rest link below.
