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After the Bitcoin (BTC) price increase higher than $ 94,000Tony Severino, a CMT-Granted Analyst, released a detailed technical analysis with a clear strategy for navigating through the next major movement. While the Heikin Ashi monthly candles blink signals, the analyst shares the ideal time to buy Bitcoin, warning from investors for potential Bear market traps.
Upper Bollinger Band Unveiling time to buy Bitcoin
Severino has as long as An in -depth investigation of the Bitcoin -MarketIdentifying precise conditions including investors and traders, including himself, can consider re -introducing on the basis of important market indicators and price action. The analyst broke one Bitcoin -price diagram With monthly candlesticks, Bollinger bands and historical comparisons.
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The graph emphasizes that Bitcoin at the end of 2021, after he hit his previous ATH, the Top Bollinger tire But failed to close above it. At the time, this movement was seen as a classic non-confirmation, which ultimately led to a sharp reversal and brutal bear market in 2022.
Fast forward to today, Bitcoin floats above $ 94,000, with the upper Bollinger band placed at $ 108,000. According to Severino, reaching this upper Bollinger tire level alone, just like in 2021, is not sufficient reason to buy Bitcoin pending a price increase. Instead, the analyst claims that a full monthly close to $ 108,000 is needed to confirm an outbreak and continuation of The Bullish Trend.
The analyst has also announced that he would consider buying Bitcoin as soon as it is sufficiently closed above this level. However, if the flagship Cryptocurrency does not close a month above the upper Bollinger band, this can reflect the double top and fake broken of 2021, which may lead to another steep Bear Market this cycle.
In general, Severino advises investors to look closely Bitcoin’s price promotion Around this key Bollinger band. He emphasizes that the preservation of capital outweighs the Fear of missing (FOMO). With increased risks and rising volatility, the analyst clearly believes that Mounting signals Are the only way to handle the market safely.
BTCs Heikin Ashi -Kaarsen claps Bearish
While Severino de Ideal time to buy BTCthe analyst too announced That the Bitcoin -Heikin Ashi -candles have become Bearish. The analyst shared a 12 weeks Heikin Ashi Candlestick ChartFrom which Bitcoin used to show early warning signals from a potential bear market.
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The graph emphasizes a critical moment when Bitcoin’s Heikin Ashi candle turned red for the first time since the previous price peaks in 2014, 2018 and 2022. Historically, such a signal has the start of long -term bear markets and Deep price corrections.
Furthermore, strengthen the Bearish OutlookSeverino pointed out that the Fisher transformationA technical indicator that is used to detect trend covers, shows a bearish crossover, where the green fisherm line falls under the red trigger line. In earlier cycles, when these two signals – De Heikin Ashi and Fisher transformation – aligned, Bitcoin experienced considerable falls that lasted months, if not for years.
Featured image of Pixabay, graph of TradingView.com