- Bitcoin bull market still in play says analyst.
- Analyst goes on to reveal what the next moves will be for BTC.
- Can the crypto market outperform in the month of March?
Analysts confirm that the Bitcoin bull market is still in play. This is highly precious news coming from seasoned analysts during a time when the price of BTC continues to fall. In detail, the crypto crash that took place this week, took the price of Bitcoin from the $98,000 price range to $80,000.
Bitcoin Bull Market Still in Play
#Bitcoin is Still in a Bull Market 🚀
I know it’s hard to believe, but zooming out, especially from an Ichimoku perspective, #BTC remains in a bull market.
– First alert: A monthly close below Tenkan 🔴 would be a warning sign.
– Trend shift confirmation: Only if Kijun 🔵 breaks… pic.twitter.com/iz6OQKVfmt— Titan of Crypto (@Washigorira) February 28, 2025
As we can see from the post above, this reputed analyst says that the Bitcoin bull market is still very much in play. To specify, he says that Bitcoin is still in a bull market and goes on to share why he thinks so. To specify, he says, the first alert is a monthly close below Tenkan, which would be a warning sign, and the second is the trend shift confirmation where the analyst says that will only happen if Kijun breaks to the downside. Until then, the bigger trend is intact.
Analyst Shares Next Moves for BTC
#Bitcoin Update #BTC is now testing Kijun 🔵 at $81,000, a key Ichimoku level where price often finds support.
Today’s Core PCE announcement:
📊 Previous: 0.2%
📊 Forecast: 0.3%
A lower-than-expected print (<0.3%) could fuel a bounce. Otherwise further downside seems likely. pic.twitter.com/a6ozko4rMI— Titan of Crypto (@Washigorira) February 28, 2025
The same analyst goes on to share the latest update for Bitcoin (BTC) and its next move. As we can see from the post above, the analyst says that BTC is now testing Kijun at $81,000, which he marks as a key Ichimoku level where price often finds support. In addition, he shares the day’s Core PCE announcement which is ‘Previous: 0.2% and Forecast: 0.3%’.
Following this, he adds that a lower-than-expected print (<0.3%) could fuel a bounce for Bitcoin (BTC). However, he says that if this does not happen then a further downside seems likely. Ultimately, the crypto community waits with bated breath to see what BTC price will do next.