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BitcoinSistemi 2025-02-26 09:41:08

At What Level Will Bitcoin's Recovery Begin? Successful Analyst Announces Bottom Level, Told Investors "Follow This Event in March!"

At What Level Will Bitcoin's Recovery Begin? Successful Analyst Announces Bottom Level, Told Investors "Follow This Event in March!"

Bitcoin (BTC) price dropped below the $90,000 support level for the first time in more than three months, creating negative sentiment among investors. Bitcoin is currently 12% below the $100,000 milestone, with analysts noting that sufficient buying pressure and positive macroeconomic developments could push BTC even higher. However, analysts are warning that there could be further declines before the rally even begins. At this point, 10x Research research head Markus Thielen, who stands out with his successful predictions, said that Bitcoin has the potential to fall to $73,000. Markus Thielen, head of research at cryptocurrency analytics platform 10x Research, noted in a recent report that Bitcoin is forming a diamond top pattern, a bearish technical indicator that signals a possible decline. Stating that BTC could not protect the important support levels of $95,000 and $92,000, Thielen stated that, apart from the diamond top pattern, the fact that short-term investors are in losses will also support further correction. While the experienced analyst expects a decline in Bitcoin, he noted that historical trends point to a possible recovery in Bitcoin around $73,000. Thielen said that the long-term bullish expectation is still valid and that investors should closely follow the Fed interest rate decision in March. *This is not investment advice. Continue Reading: At What Level Will Bitcoin's Recovery Begin? Successful Analyst Announces Bottom Level, Told Investors "Follow This Event in March!"

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