Bitcoin May Face Another Downturn Before Bear Phase Ends
- Investor Price Warning: Joao Wedson of Alphractal highlights that the Investor Price has fallen below the Long-Term Holder Realized Price, indicating that new capital has entered the market at lower prices than veteran investors, which typically signals weakening demand and potential for another Bitcoin price drop.
- Market Structure Analysis: Wedson describes the current market structure as resembling a mid-cycle reset rather than a final bottom, suggesting that the market is digesting prior excesses and rebalancing cost bases, indicating a preference for time-based accumulation over momentum-driven expansion.
- Price Fluctuation Overview: Bitcoin surged above $70,000 on April 7, driven by easing geopolitical tensions in the Middle East and a pause in broader market volatility, although it subsequently pulled back, with the $70,000 level now acting as a contested support zone rather than a confirmed floor.
- Selling Pressure and Resistance: With the Investor Price below the Long-Term Holder Realized Price, sellers looking to exit at breakeven create overhead resistance that caps upside moves, resulting in sideways-to-lower price action until fresh demand emerges.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE). As of , (STABLE) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 6 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0177 | 0.0213 | 0.0239 | 0.0275 | 0.0301 | 0.0337 | 0.0363 |
| Fibonacci | 0.0213 | 0.0237 | 0.0251 | 0.0275 | 0.0299 | 0.0313 | 0.0337 |
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