Ethereum

Bitcoin

when

<ul>
 <li>Reputed crypto analyst shares full market breakdown.</li>
 <li>This includes an in-depth technical and psychological analysis.&nbsp;</li>
 <li>Can the price of BTC hit $97,000 soon?&nbsp;</li>
</ul>
<p>As the <a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow">prices of Ethereum</a> and Bitcoin continue to dazzle the crypto community by holding steady prices at $86,000 and $2,700 price ranges, respectively, varied expectations arise. To highlight, some expect a specific correction to lead to targets as low as <a href="https://cryptonewsland.com/reputed-silver-tongued-analyst-calls/" rel="noopener noreferrer nofollow">$79,000 for BTC</a>. Meanwhile, others believe altcoins are ready to shoot for the moon. One reputed crypto analyst shares full market breakdown with in-depth technical and psychological analysis.</p>
<h2 class="wp-block-heading" id="reputed-crypto-analyst-shares-full-market-breakdown">Reputed Crypto Analyst Shares Full Market Breakdown&nbsp;</h2>
<p>With the main pioneer crypto and altcoin assets showing a promising rise in prices, one analyst goes on to remind the crypto community of the situation two months ago, when many expected lower lows for BTC, but instead the <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">price of BTC</a> went on to reclaim the $80,000 price range. To highlight, the expert talks about how he specifically mentioned BTC to be cheap in the $60,000 - $64,000 price range.&nbsp;</p>
<p>He says that region ended up becoming the proven buy region just before the crypto market went on to conclude its bear market and entered the highly-anticipated bull market phase. In fact, Bitcoin proceeded to pump 40%, squeezing shorts until $82,000 where it first saw a 10% correction to $74,000 due to the Clarity Act news. Eventually, BTC broke above $82,000 and $87,000, making $82,000 the support target.&nbsp;</p>
<div id="media_image-2" class="widget widget_media_image flexCenter flex-col bg-white dark:bg-slate-800/50 rounded-md min-h-[100px] cnl-banner p-2 mb-6"><a href="https://t.me/EliteFXLabs" rel="noopener noreferrer nofollow"><img width="1280" height="698" src="https://cryptonewsland.com/wp-content/uploads/2026/04/EliteFXLabsBanner-0.webp" alt="EliteFXLabs Banner" style="max-width: 100%; height: auto;"></a>
</div>
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  https://twitter.com/mrofwallstreet/status/2106744777479983162
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<p>As we can see from the post above, the analyst goes on to state that as long as BTC holds the <a href="https://cryptonewsland.com/bitcoin-secures-higher-high-at-87/" rel="noopener noreferrer nofollow">$87,000 price range</a>, the $90,000 will arrive next and despite the recent market activity, his point of view on this has not changed yet. To support his expectation, he now shares the next precise price target of $97,000 to arrive next. He says that despite these pumps, the overall sentiment is still bearish.&nbsp;</p>
<h2 class="wp-block-heading" id="in-depth-technical-and-psychological-analysis">In Depth Technical and Psychological Analysis</h2>
<p>The post goes on to say that all big institutions without exception are looking at this and recognizing the opportunity. They will want to grab the liquidity sitting on the upside from greedy shorts. For this to happen price needs a proper extension, and $97,000 is exactly where the next resistance sits. Once $97,000 is hit, then he expects a 15% correction, which will be the first healthy correction of the bull market, likely followed by a sideways movement in the $82,000 - $97,000 region before BTC resumes the upward price action.&nbsp;</p>
<p>In conclusion, the expert states that the market needs to consolidate after a big move from the cycle bottom. But before the long and boring sideways movement, dumb money needs to be taken out with a short squeeze. Then there's no better way to consolidate than to shake out weak hands and provide more opportunity for smart money to accumulate. Precisely why he expects a correction of 15% followed by a sideways movement once $97,000 is hit.&nbsp;</p>

Reputed Crypto Analyst Shares Full Market Breakdown With In-Depth Technical and Psychological Analysis

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