The bear market can appear within 3 months – TradingView news

Because Bitcoin (BTC) is higher than the important teacher of $ 100,000, which is previously a difficult resistance level to its breach, market analysts closely monitor its capabilities for more prices and the possibility of new new levels (ATHS).

A decisive threshold of $ 109,000 in the near future for the encoded currency in the market, but the watch may be parked with experts warning against the imminent bear market that can appear in just three months.

Analyst warns the imminent bear market for Bitcoin

Market expert and technical analyst Ali Martinez raised concerns in a modern publication on social media on X (previously Twitter), based on the historical patterns that were observed after the half -Bitcoin events.

The analyst suggests that bitcoin and the broader cryptocurrency market can enter the bear cycle about 90 days from now. This prediction is based on the periodic nature of bitcoin price movements, especially during the half years, which is historically followed by great corrections.

As shown in the graph above, Martinez indicates that examining the total days of each BTC session reveals an amazing similarity to the previous session between 2012 and 2016, which lasted 367 days before entering the bear market.

As of now, Bitcoin and the broader cryptocurrency market are located in 276 days of this session, indicating that the contraction may be closer to what some investors expect.

Will prices reach $ 200,000 before decline?

Martinez analysis includes Wyckoff, a technical analysis framework that defines market courses.

According to this method, Bitcoin may approach its final leg before entering the distribution stage, which is the period of unification before the price decreased.

At this stage, Ali Martinez expects that the price of BTC can trade between $ 140,000 and $ 200,000 before returning to a large level towards the level of $ 100,000.

But despite these warning expectations, Martinez also notes that there is still a possibility of short -term growth. It draws comparisons with the 2015-2018 session, stressing that bitcoin price procedures at this stage participate in similarities with that period, which ultimately led to an increase in equivalent prices.

In addition, Mayer Moener is currently being scrutinized, a measure that measures excessive conditions at the peak of Bitcoin. Historically, Mayer Moener referred to the market peaks when Bitcoin trades the highest 2.4 oscillator.

Currently, this level is located near $ 182,000, indicating that Bitcoin still has a room for growth before reaching the peak of the potential market in this tournament.

At the time of this report, the largest encrypted currency is traded by maximum market at $ 102,900, a decrease of more than 1.5 % in the 24 -hour time frame.

Distinctive image from Dall-E, Chart from TradingView.com