Has Bitcoin (BTC) a bottom with the last decline? What does history show? A good bad news from the analyst!

Leading crypto currency Bitcoin (BTC) Last week, this rise did not last long, while this rise went up to $ 88 thousand. While the BTC again fell to 84 thousand dollars, an analyst said that BTC had a tendency to rise and may have made a bottom.

Omkar Godbole, one of the market analysts, said that Bitcoin may have made a bottom in $ 76,000 and pointed out some data to the rise tendency.

Analyst said that Bitcoin had experienced a correction similar to the corrections seen after the major events in the past, and that he might have created a bottom with higher bottom levels.

At this point, the analyst argued that Bitcoin constitutes a bottom at 76,000 dollars on March 10, BTC’nin in the last correction of the US Spot ETF launch and August 2024 Yen Carry Trade with the recycling of the triangular bottom of the triangular bottom model claimed.

Analyst said that the BTC fell 30 %from the $ 109,000 summit in January, and after reaching a bottom level on March 10, it recorded higher bottom levels before and after this date. Accordingly, BTC formed a bottom of approximately 78,000 dollars on February 28 and more than $ 81,000 on March 31, and the triangular bottom model took place.

“The triangular bottom model, which shows the transition from the lower bottoms to higher bottoms and the dealership of the sellers, is similar to the withdrawal of Yen Carry Trade in August 2024 and the bottom models seen in the beginning of 2024 when the spot launch was launched.”

Analyst said that there are rise signals such as depletion of sellers and the symptoms of potential bull momentum, but macro risks continue.

“There are reasons to evaluate the likelihood of the occurrence of ascension momentum. But as always, external risks such as Trump’s customs duties may disrupt this tendency.”

*It is not an investment advice.