Bitcoin Marks 114 Weeks In Active Buy Signal On The SuperTrend Weekly, But Things Could Turn Bad If This Happens
26 Marzo 2025 - 5:00PM
NEWSBTC
Crypto analyst Tony Severino has provided an update on the Bitcoin
price action. The flagship crypto is now eyeing a bullish reversal,
but the analyst warned of how things could still go wrong for BTC
and mark the end of the bull run. Bitcoin Marks 114 Weeks In
Active Buy Signal In an X post, Severino revealed that Bitcoin is
still in an active buy signal on the SuperTrend weekly. He added
that BTC has been in this buy signal for 114 weeks and roughly 800
days. This is undoubtedly a huge positive for the flagship crypto,
especially as it looks to reclaim the psychological $90,000 level
and rally to new highs. Related Reading: Is Bitcoin Price
Headed For $70,000 Or $300,000? What The Charts Are Saying However,
the crypto analyst warned that a sell signal would be a strong sign
that the bull run has ended. His accompanying chart showed that the
sell signal could send BTC into a Supertrend DownTrend, with the
flagship crypto dropping to as low as $22,000 in what could mark
the peak of the bear market. Crypto analyst PlanB recently affirmed
that the bear market is not here yet. Instead, he believes Bitcoin
is still in the middle of a sustainable uptrend and predicts that
the flagship crypto’s price could double this year. This could lead
to a parabolic rally to as high as $180,000 for BTC. Experts like
Standard Chartered have also predicted that a rally to $200,000
this year is achievable. In the meantime, the focus will
likely be on how the Bitcoin price reacts to Donald Trump’s
reciprocal tariffs, which will go into force on April 2nd. The
previous tariffs sparked a wave of sell-offs, causing BTC to drop
to as low as $77,000. However, there is also the possibility that
Bitcoin has priced in this development and could avoid any further
downtrend when the tariffs are implemented on April 2nd. A
New ATH This Year Is Possible Crypto analyst Titan of Crypto
has also affirmed that Bitcoin could see a new all-time high (ATH)
this year. This came as he remarked that BTC’s uptrend is intact
and that the flagship crypto reacted strongly around the weekly
50-day Exponential Moving Average (EMA). His accompanying chart
showed that Bitcoin could reach a new ATH of $121,000 before the
year runs out. Related Reading: Analyst Says Bitcoin RSI
Dominance Needs To Crash To This Level For The Bull Run To Resume
In another X post, he again predicted that Bitcoin could reach this
target while revealing a ‘Bump and Run’ pattern which was forming
for the flagship crypto. Titan of Crypto asserted that the Uphill
run will be epic. A positive for BTC is that whales are actively
accumulating. Crypto analyst Ali Martinez revealed that over 22,000
coins were withdrawn from exchanges in the past week. At the
time of writing, the Bitcoin price is trading at around $87,500, up
in the last 24 hours, according to data from CoinMarketCap.
Featured image from Unsplash, chart from Tradingview.com
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