Although Bitcoin has recently rebounded to $64,000, concerns remain due to key technical indicators. Crypto Assets’ recovery is seen as fragile, falling 13% from its peak in March, suggesting possible Fluctuation ahead. Experienced trader Josh Olszewicz highlighted the falling trend from Ichimoku Cloud, indicating that Bitcoin is not out of danger yet. Meanwhile, analyst firm Santiment and Crypto Assets analyst Rekt Capital made a subtle point, noting that the market sentiment is cautiously optimistic and that the halving will transition to a time-based consolidation phase, which may precede the bullish market. In addition, the reports of AMBCypto and Glassnode indicate positive signs, such as breaking out of the falling wedge pattern and Bitcoin reserve risk sending bullish signals.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
