Analyst Updates Bitcoin's Multiple Long-Term Bottom Indicators, Suggests Phased Buying from $63K
BlockBeats News, April 6th, Analyst Alicharts updated multiple Bitcoin long-term bottom indicators to reference the Bitcoin bottom position.
Key support levels include $63,111 near URPD, the trendline holding for almost 10 years at $56,000-$60,000, the CVDD structural bottom at $47,960, and the MVRV 0.8 extreme pain zone at $43,647.
Alicharts suggested investors diversify funds into the $63,000 to $36,000 range, rather than accurately predicting a single bottom. Currently, the market is mostly in a wait-and-see or distribution phase, suitable for a macro rebound layout.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
EUR/USD: ECB hawks lag Fed – ING
US Dollar: Resilient as Fed stays hawkish – TD Securities
Goldman Sachs: Applied Materials (AMAT.US) Posts Solid Q4 Results, DRAM and Advanced Packaging to Drive Accelerated Growth by 2027
Goldman Sachs maintains its "Buy" rating on Applied Materials but lowers its 12-month target price from $670 to $580.
Piper Sandler lowers General Mills target price to $35
Crypto prices
More
