• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
Bitcoin

Bitcoin Recovery In Sight? Analyst Foresees BTC Revisiting $72,000 Soon

Godspower Owie
by Godspower Owie
1 year ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Popular cryptocurrency expert and trader Javon Marks has made a daring forecast that contradicts the current mood of the Bitcoin market, predicting that the crypto asset will make a significant comeback to the pivotal $72,000 level. This bullish forecast is made in spite of Bitcoin’s recent difficulties, which sharp price declines and widespread unfavorable market tendencies have marked.

Bitcoin Poised For Significant Rebound To $72,000

After failing to break above the $66,500 threshold last week, Bitcoin (BTC) is currently trading below the $62,000 support level, indicating that the cryptocurrency market is still quite erratic. However, several cryptocurrency analysts are confident that the downtrend will soon come to an end, predicting a notable recovery in the upcoming days.

Related Reading: This Bitcoin Bullish Pattern Signals Rebound To $70,000 In Coming Days – Analyst

Javon Marks’ analysis suggests that the recent decline in Bitcoin might be coming to an end, based on several technical indications and market factors such as the Relative Strength Index (RSI). 

He also highlights the creation of a bullish divergence pattern, which frequently precedes upward market movements, and refers to important support levels remaining solid between $56,000 and $60,000.

Bitcoin
BTC showing signs of recovery to $72,000 | Source: Javon Marks on X

According to the expert, with BTC’s price holding while confirming a higher low and its RSI setting a lower low, the asset has validated a bullish pattern. Due to this, Javon Marks anticipates a price rebound to $72,000 and possibly to new all-time highs should this pattern hold.

The post read:

Bitcoin (BTC), through its Price holding + confirming a Higher Low and its RSI setting a Lower Low, has confirmed a Bullish Pattern that can indicate a recovery back near $72,000, and a continuation may result in new all-time Highs being set.

The analyst further noted that the process might lead to a much larger stage of growth for the crypto asset, one that will see it constantly rise to unprecedented levels. Thus far, for investors and traders hoping for a possible conclusion to the recent bearish trend of BTC and a return to positive momentum, Javon Marks’ analysis provides a ray of light.

An Ideal Time To Purchase The Digital Asset

As BTC continues to witness bearish momentum, well-known cryptocurrency analyst and enthusiast Ali Martinez has underscored that now could be the right time to purchase the digital asset.

Related Reading: Bitcoin To Soar By 40%: Analyst Predicts Strong Bullish Wave, Here’s How

According to the expert, the daily RSI of Bitcoin has reached the oversold area about 3 times in the past two years. As a result, BTC‘s price rallied by 60%, 63%, and 198% following each time the daily RSI hit the oversold territory.

Now, with the crypto asset falling below the $62,000 level and the daily RSI in the oversold territory again, Martinez believes that this might be an ideal opportunity to buy the dip.

At the time of writing, Bitcoin was trading at $61,220, demonstrating a decline of over 6% in the past week. This decline extends to its market cap and trading volume, which are both down by 0.08% and 31%, respectively, in the past day.

Bitcoin
BTC trading at $61,475 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from Adobe Stock, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Godspower Owie

Godspower Owie

Follow

Godspower Owie is my name, and I work for the news platforms NewsBTC and Bitcoinist. I sometimes like to think of myself as an explorer since I enjoy exploring new places, learning new things, especially valuable ones, and meeting new people who have an impact on my life, no matter how small. I value my family, friends, career, and time. Really, those are most likely the most significant aspects of every person's existence. Not illusions, but dreams are what I pursue.

Full Profile

Related Posts

bitcoin

Sora Ventures Unveils Asia’s First Bitcoin Treasury Fund With $1 Billion Buying Plan

1 day ago
Bitcoin

Looking For A Good Bitcoin Entry? Crypto Research Firm Reveals The Best Time To Buy BTC

1 day ago
Bitcoin Buying Frenzy Ahead As Eric Trump Predicts ‘Floodgates Are Opening’

Bitcoin Buying Frenzy Ahead As Eric Trump Predicts ‘Floodgates Are Opening’

2 days ago
Bitcoin Holdings By Public Firms Cross 1 Million BTC As Asset Gains Traction

Bitcoin Holdings By Public Firms Cross 1 Million BTC As Asset Gains Traction

2 days ago
Bitcoin Mining

Bitcoin Miners Brace For 5% Difficulty Spike To Fresh Record

2 days ago
The Bitcoin Liquidity Battle Intensifies: Coinbase vs. Kimchi Premium

The Bitcoin Liquidity Battle Intensifies: Coinbase vs. Kimchi Premium

2 days ago

Premium Sponsors

Press Releases

  • miner

    XRP price battles for key support levels, with holders...

    1 day ago
  • miner

    Global Investors Tap BAY Miner App for BTC and XRP Monthly...

    1 day ago
  • Cloud Mining

    From Holding to Profit: How XRP Earns $27,000 Daily from...

    1 day ago
  • minwer

    XRP Holders Can Earn $10,000 a Day Through COME...

    2 days ago
  • BTC prices hit a two-week high, and holders flocked to GMO...

    2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.