The market structure of Bitcoin shows signs of cycle lines that can delay a real soil until October. As technical signals come together, the focus shifts whether this timing will mark a deeper continuation of the correction or the basis for a stronger rebound.
Macro image remains Beerarish with $ 99,000 target
In a new insight shared On X, analyst Tara provided an update on the price action of Bitcoin, which stated that “the fight continues” and that the internal “waves are now such a mess.” The current situation reflects a very complex market environment where the technical signals are contradictory in the short and medium term: the immediate trend is categorized as bullish, while the outlook in the medium term remain the age.
The analyst noted that Bitcoin found support with a critical technical cluster that was defined by a 0.618 extension and a specific level of 0.854, a confluence that indicates buyers who have stepped decisively. Tara emphasizes the importance of this hold and explains that if Bitcoin had dropped lower, this’ possible bullish scenarios would have made in the short term.
Despite the power of the short term, Bitcoin still has to test the resistance, which is now identified at $ 114,400. Tara points to this level if the direct goal can successfully reverse the price and can continue its current upward process. However, with a strong memory of the Macro trend, Tara concludes, with the full target for this entire correction that remains at around $ 99,000.
Time cycles point to Beerarish TK Cross formation
Dr. Cat, in a recent updateExplained that a renewal of the low point of 25 September after 28 September would be $ 108,652 a critical signal for Bitcoin. Such a step would indicate a continuation of the Bearish trend, which suggests that the market may not find soil before October 1, whereby the possibility extends to 3 October (± 2 days) based on the daily map views.
If the low point is viewed again, this would probably ensure that the Kijun sen goes down, so that a valid bearish Tenkan-Kijun (TK) cross is set up. In the meantime, the Chikou -Span (CS) is also positioned in a way that shows that it is preparing for its own Bearish cross, which further strengthens the possibility of constant downward pressure.
Dr. Cat reminded followers of a prediction that was being done about three weeks earlier, stating the analyst that the market floor should not be expected before October. That earlier analysis was based on the monthly graph.
Now the daily graph seems to be in accordance with the monthly prospects. If Bitcoin will in fact renew the low point within the stated time frame in September, this would probably serve if the trigger confirming the Bearish.