🔴 IS THE BOTTOM IN AT $68,000? ANALYSTS ARE DIVIDED
Bitcoin just touched a session low of ~$67,920 before recovering to around $69,000, right at the 200-week moving average (~$68,013)—a level that has marked the bottom of previous bear-market cycles.
Analyst Doctor Profit declared that “the bottom is in at $68K” and is placing large buy orders, pointing to the $68,000–$69,000 zone where the 200-week MA meets the Fibonacci “Golden Pocket.” Peter Schiff, by contrast, believes Bitcoin has entered a long-term bear market.
In between, Michaël van de Poppe expects a rebound to $72,000–$74,000; Daan Crypto Trades warns that weekly candles need to hold above the long-term moving averages; and Merlijn puts the invalidation level at $60,000 if the weekly candle closes below it.
The backdrop remains tense: US spot Bitcoin ETFs have recorded net outflows for the sixth consecutive day, and the Fear & Greed Index is at 20—Extreme Fear.
Biggest drop today: $SOL down 5.20% to ~$77.24, breaking below the psychological $80 level for the first time since mid-August, down ~12% for the week and ~36% from its October peak ($124.80).
Which side are you leaning toward—the bottom is in, or is there another leg down? 👇
#CryptoNews #Bitcoin #Solana
⚠️ Market news, not investment advice.
Bitcoin just touched a session low of ~$67,920 before recovering to around $69,000, right at the 200-week moving average (~$68,013)—a level that has marked the bottom of previous bear-market cycles.
Analyst Doctor Profit declared that “the bottom is in at $68K” and is placing large buy orders, pointing to the $68,000–$69,000 zone where the 200-week MA meets the Fibonacci “Golden Pocket.” Peter Schiff, by contrast, believes Bitcoin has entered a long-term bear market.
In between, Michaël van de Poppe expects a rebound to $72,000–$74,000; Daan Crypto Trades warns that weekly candles need to hold above the long-term moving averages; and Merlijn puts the invalidation level at $60,000 if the weekly candle closes below it.
The backdrop remains tense: US spot Bitcoin ETFs have recorded net outflows for the sixth consecutive day, and the Fear & Greed Index is at 20—Extreme Fear.
Biggest drop today: $SOL down 5.20% to ~$77.24, breaking below the psychological $80 level for the first time since mid-August, down ~12% for the week and ~36% from its October peak ($124.80).
Which side are you leaning toward—the bottom is in, or is there another leg down? 👇
#CryptoNews #Bitcoin #Solana
⚠️ Market news, not investment advice.
