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Breaking News: Fed Lowers Rates By 25bps: How Bitcoin And Crypto Prices Responded And What's Next
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Breaking News: Fed Lowers Rates By 25bps: How Bitcoin And Crypto Prices Responded And What's Next
bitcoin

Bitcoin Price Must Reclaim This Level To Regain Bullish Momentum, Analyst Explains

Ash Tiwari
by Ash Tiwari
5 months ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

In a recent post on X, crypto analyst Ali Martinez emphasized a crucial price point that Bitcoin (BTC) needs to reclaim to continue its bullish trajectory. However, other analysts warn that attempting to “knife catch” crypto in the current volatile market may not be advisable.​

Analyst Outlines Key Bitcoin Price Level

Global stock markets are under pressure due to US President Donald Trump’s tariff policies. Early today, China announced 34% reciprocal tariffs on all U.S. imports, further unsettling the already volatile global economic landscape.​

Related Reading: Bitcoin Monthly Close Keeps Bullish Momentum Alive, But A Drop Below $80,000 Could Be Devastating

Amid this turmoil, BTC is demonstrating relative resilience, trading in the low $80,000 range – still over 24% higher than its value a year ago. In contrast, the NASDAQ has relinquished nearly all its gains since April 2024, up just 3% over the past 12 months.​

Despite the less-than-optimistic sentiment surrounding risk-on assets like BTC, Martinez pointed out that BTC must reclaim its Short-Term Holder (STH) realized price at $90,570 to regain bullish momentum. From its current price, this would necessitate an approximate 10% surge.​

ali
Source: ali_charts on X

For the uninitiated, ​the STH realized price represents the average price at which recent investors – holding Bitcoin for less than 155 days – acquired their coins. This metric offers insight into potential support or resistance levels for STH based on their cost basis.

Meanwhile, fellow crypto analyst Daan Crypto Trades highlighted that the STOXX Europe 600 index – a broad measure of the European equity market – fell 5.2% today, marking its most significant decline since March 2020. The analyst remarked:​

Markets worldwide hitting all kind of records not seen since the covid crash era in 2020. That isn’t automatically your sign to knife catch but it should surely be getting your attention and look for opportunities from the ashes once things stabilize.

BTC To Benefit From AMD Setup?

Offering a bullish perspective, crypto trader Merlijn The Trader suggested that BTC has completed the accumulation, manipulation, and distribution (AMD) setup. According to this view, the leading digital asset is now set to enter the final phase of the setup, potentially leading to a significant price surge.​

merlijn
Source: Merlijn The Trader on X

For the uninitiated, ​the AMD setup refers to three phases – accumulation, where the price consolidates as traders build positions, manipulation, involving false moves to mislead participants, and distribution, where the price moves in the intended direction.

Related Reading: Bitcoin Rally Incoming? M2 Money Supply Rebound Signals Big Moves Ahead

However, recent analysis by analyst Rekt Capital indicates that BTC dominance may be poised to climb to 64%, potentially drawing liquidity away from altcoins and leading to a significant pullback in the overall crypto market cap. As of press time, Bitcoin is trading at $82,828, up 0.8% in the past 24 hours.​

bitcoin
BTC trades at $82,828 on the daily chart | Source: BTCUSDT on TradingView.com
Featured Image from Unsplash.com, charts from X and 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.
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Ash Tiwari

Ash Tiwari

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Ash is a seasoned freelance editor and writer with extensive experience in the blockchain and cryptocurrency industry. Over the course of his career, he has contributed to major publications, playing a key role in shaping informative, timely content related to decentralized finance (DeFi), cryptocurrency trends, and blockchain innovation. His ability to break down complex topics has allowed both seasoned professionals and newcomers to the industry to benefit from his work. Beyond these specific roles, Ash's writing expertise spans a wide array of content, including news updates, long-form analysis, and thought leadership pieces. He has helped multiple platforms maintain high editorial standards, ensuring that articles not only inform but also engage readers through clarity and in-depth research. His work reflects a deep understanding of the rapidly evolving blockchain ecosystem, making him a valuable contributor in a field where staying current is essential. In addition to his writing work, Ash has developed a strong skill set in managing content teams. He has led diverse groups of writers and researchers, overseeing the editorial process from topic selection, approval, editing, to final publication. His leadership ensured that content production was timely, accurate, and aligned with the strategic goals of the platforms he worked with. This has not only strengthened his expertise in content strategy but also honed his project management and team coordination skills. Ash's ability to combine technical expertise with editorial oversight is further bolstered by his knowledge of blockchain analysis tools such as Etherscan, Dune Analytics, and Santiment. These tools have provided him with the data necessary to create well-researched, insightful articles that offer deeper market perspectives. Whether it’s tracking the movement of digital assets or analyzing blockchain transactions, his analytical approach adds value to the content he produces, ensuring readers receive accurate and actionable information. In the realm of content creation, Ash is not limited to just cryptocurrency markets. He has demonstrated versatility in covering other emerging technologies, market trends, and digital transformation across various industries. His in-depth research, coupled with a sharp editorial eye, has made him a sought-after professional in the freelance writing community. From developing editorial calendars to managing content delivery schedules, he has honed a meticulous approach to project management that ensures timely, high-quality work delivery. Throughout his freelance career, Ash has consistently focused on improving audience engagement through well-researched, insightful, and relevant content. His ability to adapt to the evolving needs of clients, whether it's enhancing the visibility of digital platforms or producing thought-provoking pieces for a wide range of audiences, sets him apart as a dynamic force in the field of digital content creation. His contributions have helped to shape a well-rounded portfolio that showcases his versatility, technical expertise, and dedication to elevating the standards of journalism in blockchain and related sectors.

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