- Bitcoin price reclaims the $79,000 price target after a brutal fall to $75,000 from $83,000.
- The pioneer crypto asset seems to be showing signs of retaking $80,000 targets next.
- Reputed analyst confirms a hidden bullish divergence pattern on the BTC price chart.
After a brutal dip to start the week where the price of BTC fell from $83,000 to $75,000, the pioneer altcoin asset shows strong signs of retracement, bringing the price of Bitcoin back to the $79,000 price target. Analysts notice bullish signs and confirm a hidden bullish divergence pattern. Can the price of BTC break past $80,000, or is the crypto market in for another price dip and lower lows?
Bitcoin Confirms Hidden Bullish Divergence Pattern
The pioneer cryptocurrency Bitcoin (BTC), despite some analysts expecting more dips and lower lows, shows multiple bullish patterns on its price chart. To highlight, some analysts expect a worst-case scenario that could take the price of Bitcoin to as low as $60,000, while some understand that technical analysis could change depending on market events, and recovery might play out instead.
Trump’s tariffs brought a huge loss to both the US stock market and the crypto market. However, many believe this is a play that will eventually bode very well for crypto prices, and today’s recovery may already be the start of the much-needed crypto market recovery. Outside of external factors, however, Bitcoin itself is showing strong bullish indicators on its price chart that could lead to strong upward price movement for BTC.
One such indicator, as shown in the post above, is Bitcoin’s MACD confirming and that it is coming off of another confirmed hidden bullish divergence pattern. This is just one of many bullish indicators on the BTC price chart. So strong has all these indicators been so far, that analysts expect Bitcoin price to hit new ATH targets between $116,000, $125,000, $250,000, and $350,000 in the coming months.
Some economy experts and financial leaders have even gone so far as to say that Bitcoin will hit an ATH of $500,000 sooner than expected. Meanwhile, as we can see from the post above, the same reputed analyst shares the recent confirmation of regular bull divergences on multiple timeframes on the Bitcoin (BTC) price chart. He goes on to share the price chart and highlights the pump indicators.
The analyst seems pleased to see that the pioneer cryptocurrency Bitcoin (BTC), is officially showing more signs for bulls to step back in for a major bullish reversal. Responses to the tweet show positive sentiment from the greater crypto market and rising hope for a glorious crypto market pump in the long term.
