• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • 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: Commerce Department To Release Blockchain Statistics, Says Lutnick
🚀 BUY NEO PEPE PROTOCOL 🚀
  • 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: Commerce Department To Release Blockchain Statistics, Says Lutnick
bitcoin price wildcard scenario

Bitcoin Price: Is This the Start of BTC’s ‘Wildcard’ Rally?

Himadri Saha
by Himadri Saha
5 years ago
·
Posted in Bitcoin Price
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Back in July, when bitcoin price was doing the five-figure rounds, popular YouTube crypto analyst, Alessio Rastani made a daring prediction. As per what he calls the ‘wildcard scenario’ BTC would drop down to the $7500-$8000 support before rallying hard. Did he make the right call? 


The All Critical 200-Simple Moving Average

Alessio is one of those few folks who sees the bitcoin and cryptocurrency market from a very radical perspective. All his price activity inferences are based on pointers which the majority of traders and analysts usually miss.

In the video prior to the gargantuan pump, Mr. Rastani stressed the importance of 200 SMA (Simple Moving Average) on the BTC price chart which ‘excludes’ weekend data.

bitcoin price chart 200 SMA

Exhorting viewers to always pay attention to charts (daily charts) that exclude weekend price activities,  he mentioned that the 200 SMA was acting as critical support for bitcoin price. A bounce off this level would lead to a rally and bullish sentiment entering BTC and the aggregated crypto markets, as it has happened many times in the past.

bitcoin price 200 SMA support

Bitcoin Price Bounces Hard Off 200 SMA

And it happened just like before! Although there were various factors at play which may have caused bitcoin to record the fourth-largest price jump since its inception.

But this is a grossly disappointing move as per Rastani, who expected BTC to fall even lower for a much healthier rally to begin. Bitcoin would have have been cheaper and the risk-reward aspects would have been better.

That said, Alessio now believes that the 200 SMA level has achieved renewed importance and needs to be kept an eye on. Have we officially entered the ‘wildcard scenario’ though?

bitcoin price 200 SMA very important

BTC’s Wildcard Scenario May Be On

This latest bitcoin price rally has put the top crypto asset in Rastani’s widely discussed bullish ‘wildcard‘ zone. The bounce off the 200 SMA has resulted in a trigger that holds a 65-70 percent probability of charting out BTC’s next course of action.

bitcoin wildcard scenario

However, this doesn’t mean that it is absolutely certain though. But as long as the 200 SMA acts as resounding support for bitcoin price, the ‘wildcard scenario’ has the maximum chance of playing out.

In spite of all this bullish talk, there is a possibility of an utterly bearish scenario for bitcoin price, which Alessio has previously mentioned. But with a probability of 30-35%, it is clearly not happening, at least not anytime soon.

bearish bitcoin scenario

Rubbishing talks of an impending death cross doing rounds, Rastani pointed out that it is not always a “falling market’ indicator. It is very important to notice the nuances to be specific.

A death cross is a situation when the 50 SMA falls below the 200 SMA. However, if the 200 SMA is rising and 50 SMA is falling then the death cross indicator actually turns bullish, totally opposite of what folks normally expect. And that’s what happened before the epic pump.

Death crosses actually result in bearish market situations when both 50 and 200 SMA’s are falling, he explains. Rastani concludes by telling traders to keep a watchful eye on the 200 SMA as it has been ‘respected’ till now, but anything could happen in the near future.

If by any chance bitcoin price were to drop past the 200 SMA, it would be a ‘lights out’ scenario.

Will bitcoin price continue the wild ride it started on Friday? Let us know your thoughts in the comments below! 


Images via Shutterstock, Alessio Rastani

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.
Himadri Saha

Himadri Saha

Follow

Full Profile

Related Posts

cena bitcoinu nove historicke maximum ATH 123 tisíc dolárov

Cena Bitcoinu dnes vyskočila nad 123 000 $. Začína „krypto týždeň“

1 month ago
Bitcoin price

Bitcoin Price To Regain Upward Momentum? These Bitfinex Longs May Hold The Answer

3 months ago
bitcoin

Bitcoin Price Drops With Fed Rate Cuts On The Horizon: Calm Before The Storm?

11 months ago
bitcoin

Bitcoin Open Interest Growth Lags As Price Rebounds: Here’s What It Means For BTC

11 months ago
bitcoin

Bitcoin’s Four-Year Cycle Declared Dead By Outlier Ventures, Here’s Why

11 months ago
Bitcoin Might Not Benefit From Federal Reserve Rate Cuts, Former BitMEX CEO Explains Why

Bitcoin Might Not Benefit From Federal Reserve Rate Cuts, Former BitMEX CEO Explains Why

11 months ago
Please login to join discussion

Premium Sponsors

Press Releases

  • Top 5 Most Profitable ASIC Miners in 2025: ROI Comparison

    9 hours ago
  • Bitget to Transfer 440 Million BGB to Morph Foundation...

    9 hours ago
  • From Institutional to Individual Investors: How XRP and...

    9 hours ago
  • Despite XRP price fluctuations, Mint Miner lets holders...

    10 hours ago
  • CryptoMiningFirm Launches First XRP, BTC Mobile App: Earn...

    12 hours ago

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

Buy Neo Pepe

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.