<p>The post <a href="https://coinpedia.org/news/crypto-analysts-flash-warning-bitcoin-to-faces-55-crash-amidst-market-turbulence/" rel="noopener noreferrer nofollow">Bitcoin Price Soars, Crashes, and Stabilizes: What’s Next for Crypto?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p><a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin</a> enthusiasts witnessed a thrilling rollercoaster as the cryptocurrency surged to an all-time high of $69,324 on March 5. However, the excitement took a sharp turn when prices dropped by 10.2%, hitting $59,323, causing the broader cryptocurrency market to lose over $150 billion in just 24 hours.</p>
<p>Here’s some more information for you to decide your next portfolio moves.</p>
<h2 class="wp-block-heading" id="h-a-healthy-pause-or-not">A Healthy Pause… Or Not?</h2>
<p>Some analysts consider the <a href="https://coinpedia.org/news/why-did-bitcoin-btc-price-drop-7-after-hitting-ath/" rel="noopener noreferrer nofollow">recent correction</a> a breather, while others predict a more significant dip of over 55%. Esteemed crypto analyst Ali Martinez warns investors about cautionary signs flashing on Bitcoin’s daily chart.</p>
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   <p lang="en" dir="ltr">The TD Sequential indicator flashed a sell signal on the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> daily chart, which warrants close attention!<br><br>Boasting a strong track record in predicting <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> trends since the year's start, this indicator previously signaled a buy in early January, preceding a 34% surge, and… <a href="https://t.co/T7DIjiCxzv" rel="noopener noreferrer nofollow">pic.twitter.com/T7DIjiCxzv</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1765046852649451887?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 5, 2024</a>
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<p>Martinez points to the TD Sequential indicator, known for its accuracy, recently signaling a sell. In January, a buy signal led to a 34% surge, while a mid-February sell resulted in a 4.44% downturn.</p>
<p>Additionally, the Bitcoin MVRV indicator, at 19.57%, raises concerns, as historical patterns suggest significant price plunges when crossing the 18% threshold since February 2021.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> MVRV indicator is at 19.57% right now! Since February 2021, each time it crossed the 18% threshold, <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> price plunged by 24% to 55%. <br><br>Traders should monitor this trend as it anticipates a steep price correction! <a href="https://t.co/kj3ysZPC46" rel="noopener noreferrer nofollow">pic.twitter.com/kj3ysZPC46</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1764969462799777965?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 5, 2024</a>
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<p>Also Read: <a href="https://coinpedia.org/news/why-did-the-crypto-market-crash-what-next-for-bitcoin-and-altcoin/" rel="noopener noreferrer nofollow">Why did the Crypto Market Crash? What Next For Bitcoin and Altcoin?</a></p>
<h2 class="wp-block-heading" id="h-rekt-capital-s-perspective"><strong>Rekt Capital’s Perspective</strong></h2>
<p>Technical analyst John Bollinger cautions about profit-taking at new highs, while Rekt Capital assures that the retracement is a temporary setback, not signaling the end of the bull market.</p>
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   <p lang="en" dir="ltr">We expect profit taking at new highs, that is the way of things, but this seems a bit much. Is it leverage, weak hands, or something else? <a href="https://twitter.com/search?q=%24btcusd&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$btcusd</a> In any case, a one-day setback does not a top make. However, a failed rally attempt would be ugly! <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a></p>— John Bollinger (@bbands) <a href="https://twitter.com/bbands/status/1765118493735944338?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 5, 2024</a>
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<p>Rekt anticipates a notable Bitcoin pullback. He highlights that this retracement is not the end of the bull market; instead, it marks a temporary setback before Bitcoin resumes its upward trajectory.</p>
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   <p lang="en" dir="ltr">Bitcoin will retrace deep enough to convince you that the Bull Market is over<br><br>And then it will resume its uptrend<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a></p>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1765063357986373863?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 5, 2024</a>
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<h2 class="wp-block-heading" id="h-market-impact-and-investor-sentiments">Market Impact and Investor Sentiments</h2>
<p>As Bitcoin surpassed $69,000, poorly positioned traders faced losses, with over $1.05 billion in liquidated leveraged positions, according to <a href="https://www.coinglass.com/LiquidationData" rel="noopener noreferrer nofollow">Coinglass data</a>. Long liquidations contributed $846 million, with BTC’s long liquidations totaling $309.33 million. Despite this turbulence, analysts see a strategic buying opportunity emerging after the dip, especially with the impending halving.</p>
<p>Amidst the market’s rollercoaster, sentiment for buying the dip has reached peak levels. Historically, such moments have proven opportune for capitalizing on buying opportunities. As of now, Bitcoin is trading at <a href="https://markets.coinpedia.org/bitcoin/" rel="noopener noreferrer nofollow">$66,204</a>, reflecting a 1.3% drop in the last 24 hours.</p>
<p>Read More: <a href="https://coinpedia.org/price-analysis/bitcoin-price-hits-ath-these-altcoins-might-hit-ath-next/" rel="noopener noreferrer nofollow">Bitcoin Price Hits ATH; These altcoins Might Hit ATH Next!</a></p>
<p>Investors are keenly watching, hoping for another climb soon.</p>

Bitcoin Price Soars, Crashes, and Stabilizes: What’s Next for Crypto?

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