Fun

Bitcoin Price Action: Why The Next 30 Days Could Be A Game-Changer For The Market

News Feed - 2025-02-06 12:02:36

Este artículo también está disponible en español.


Crypto analyst CryptoCon has provided valuable insights into the Bitcoin price actionin this cycle. Based on his analysis, the next thirty days could be a game-changer, with BTC set to witness a significant move to the upside.  Why The Next 30 Days Could Be A Game Changer As The Bitcoin Price Makes its Move


In an X post, CryptoCon predicted that the Bitcoin price could rally to as high as $160,000 in the next thirty days. This would be a game-changer for the market, especially considering the bearish sentiment in the crypto marketat the moment. The analyst noted that Bitcoin has spent about 583 days ranging in this cycle.  Related Reading Bitcoin Price Forms Double Bottom After Crash, Is A Bounce To $112,000 ATH Possible? 1 week ago


On the other hand, the analyst remarked that the Bitcoin price has spent just 175 days, making meaningful price action to the upside. In line with this, he alluded to how patience is key, considering how Bitcoin ranges for most of the cycle. However, CryptoCon is convinced that the next 30-day sprint of great price action that the market is about to witness is worth the wait.  BTC to see bullish movements in upcoming days | Source: CryptoCon on X


The analyst’s accompanying chart showed that the Bitcoin price could record up to 37 days of expansion on this next leg up. The chart also showed that the flagship crypto could rally to as high as $160,000in March following this upward trend. This is bullish for the broader crypto market as altcoins are also expected to rally as BTC moves to the upside.


Before now, CryptoCon had already assured that the bull cycle wasn’t over despite the crypto market facing the largest liquidation event in this cycle, with over $2 billion wiped out from the market.    BTC’s Trend Remains Uncertain For Now


While the Bitcoin price could rally to $160,000 in the next thirty days, crypto analyst Ali Martinezhas stated that BTC’s trend direction in the short term remains uncertain. He noted that the flagship crypto is consolidating between $90,900 and $108,500. The analyst added that the trend remains uncertain until there is a clear breakout beyond this range.  Related Reading Bitcoin Open Interest Crashes By $4.5 Billion In One Weekend, Spells Doom For Bulls 2 days ago


However, crypto analyst Kevin Capital suggested that the Bitcoin price could soon record a massive bounce to as high as $111,000, marking a new all-time high (ATH)for the flagship crypto. He noted that all the major liquidity on the monthly heatmap is to the upside towards this $111,000 price level. The analyst added that this cannot be ignored, especially after a massive capitulation. He further remarked that he would be shocked if BTC didn’t grab this liquidity and head lower. 


At the time of writing, the Bitcoin price is trading at around $97,800, down over 1% in the last 24 hours, according to datafrom CoinMarketCap. BTC trading at $98,011 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from iStock, chart from Tradingview.com

News Feed

Jesse Coghlan7 hours agoCircle CEO spells doom scenario for US dollar in warning to CongressJeremy Allaire claimed the U.S. dollar is “under threat” and urged lawmakers to pass stablecoin regulation to “build trust
Today’s Cryptocurrency Data Aggregators Offer a Plethora of Onchain and Market Insights
Today"s Cryptocurrency Data Aggregators Offer a Plethora of Onchain and Market Insights In the early days, there were only a few web portals with cryptocurrency statistics and data
Snowden Puzzled by Bitcoin’s Lack of Scaling and Privacy, Says Devs ‘Had Years to Do It’
Snowden Puzzled by Bitcoin"s Lack of Scaling and Privacy, Says Devs "Had Years to Do It" Just recently, the film producer and well known Youtuber, Naomi Brockwel
Bitcoin, Ethereum Technical Analysis: ETH Breaks Resistance to Hit 9-Day High
Bitcoin, Ethereum Technical Analysis: ETH Breaks Resistance to Hit 9-Day High Bitcoin and ETH both rose to nine-day highs on Wednesday, as bulls continued to push prices higher fol
‘A Lazy Way to Showcase NFTs’ — Mark Cuban’s Lazy.com NFT Platform Integrates With Polygon
"A Lazy Way to Showcase NFTs" — Mark Cuban"s Lazy.com NFT Platform Integrates With Polygon On Thursday, the non-fungible token (NFT) platform and digital art g
Helen Partz38 minutes agoCBDCs will gradually displace private banks, says Russian lawmakerSome Russian banks have been increasingly concerned about the potential implications of the digital ruble after the first pilots
Luxury Retailer Tiffany & Co. Announces Jeweled Cryptopunk Pendants Tied to NFTs
Luxury Retailer Tiffany & Co. Announces Jeweled Cryptopunk Pendants Tied to NFTs The luxury jewelry and specialty retailer Tiffany & Co. announced the firm is planning to sell 250
US SEC Shuts Down $30 Million Defi Money Market in First Decentralized Finance Bust
US SEC Shuts Down $30 Million Defi Money Market in First Decentralized Finance Bust The U.S. Securities and Exchange Commission (SEC) has taken its first enforce
XRP Historic Moment Coming In 2025? This Crypto Exchange Believes So
Este artículo también está disponible en español. In the cryptocurrency space, XRP is gaining much attention, and many people are making predictions regarding its prospec
Analyst tips Solana ETF deadline for mid-March after new filings
Tom Mitchelhill7 hours agoAnalyst tips Solana ETF deadline for mid-March after new filingsBloomberg ETF analyst Eric Balchunas maintains that the outcome will likely be decided by whether Donald Trump is elected presiden
Savannah Fortis14 hours agoBiden considers tightening AI chip controls to China via third partiesThe additional restrictions being considered by the Biden administration would try to target ways Chinese developers could
Swedish Regulators Call for EU Ban on Crypto Mining, Power Company Defends Industry
Swedish Regulators Call for EU Ban on Crypto Mining, Power Company Defends Industry Alarmed by the rising energy needs of cryptocurrency mining, Sweden’s financial and envir