Bullish: Bitcoin Pattern Defies Market Slide

Bullish: Bitcoin Pattern Defies Market Slide

thecryptobasic.com
February 25, 2025 by Jhon E. Bermúdez
19
Even as Bitcoin experiences a recent dip, popular crypto analyst “Titan of Crypto” reassures investors that the overall market structure for Bitcoin remains bullish. The crypto market has seen a significant downturn in the last 24 hours, fueled by growing concerns about the global economy and geopolitical instability. Bitcoin, in particular, has dropped nearly 11%
Bullish

Even as Bitcoin experiences a recent dip, popular crypto analyst “Titan of Crypto” reassures investors that the overall market structure for Bitcoin remains bullish.

The crypto market has seen a significant downturn in the last 24 hours, fueled by growing concerns about the global economy and geopolitical instability. Bitcoin, in particular, has dropped nearly 11% since Monday, February 24th, falling from a high of $96,500 to below $87,000 – a price point not seen in three months. But amidst this market turbulence, a well-known analyst is offering a dose of optimism.

Analyst Hints at Potential for “Explosive” Bitcoin Surge

Despite the current Bitcoin correction, the respected crypto analyst “Titan of Crypto” is emphasizing that Bitcoin’s market structure is still indicating a bullish trend.

According to a recent post on X (formerly Twitter) on Monday, February 24th, Titan of Crypto argues that Bitcoin’s weekly chart is still following a bullish “inverse head and shoulders” pattern, which it appeared to break out of in the last quarter of 2024.

“Bitcoin’s next move could be huge,” the analyst excitedly stated, sharing a chart that suggests a potential target price for Bitcoin exceeding $125,000.

Bitcoin weekly candle chart showing inverse head and shoulders pattern
Bitcoin weekly candle chart showing inverse head and shoulders pattern Source Titan of Crypto

To put this into perspective, with Bitcoin currently trading around $87,800, this target suggests a potential upside of over 40%.

Interestingly, Titan of Crypto isn’t alone in his bullish outlook. Several analysts believe Bitcoin’s underlying positive structure remains strong, even after this recent price drop.

Another prominent analyst, Don Alt, described the recent dip on Tuesday, February 25th, as simply a test of the lower end of Bitcoin’s weekly trading range. He pointed out that if Bitcoin closes above this lower range, it could signal a price rebound in the coming week.

Similarly, the account “ZeroHedge” has cautioned followers against panicking and selling during this period of market volatility. They suggest that Bitcoin’s current trajectory mirrors its 2017 bull run, indicating significant potential for further growth.

Adding weight to these positive perspectives, crypto analytics firm CryptoQuant has reported that large investors, known as whales, are taking advantage of the dip by buying. They noted a substantial inflow of 26,430 BTC, worth over $2 billion, into accumulation addresses.

However, not all experts share this immediate bullish sentiment. Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered, advises caution, suggesting investors should hold off on buying the dip just yet. He predicts a potential further price decrease towards the $80,000 level.

Source: thecryptobasic.com