Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Bitcoin's recent bull run is under scrutiny as analysts from 10x Research identify a bearish 'shooting star' candlestick pattern from December 2024, which closed at $92,000 after peaking at $108,000. This pattern suggests potential near-term corrections, raising concerns about the sustainability of Bitcoin's growth. In the fourth quarter of 2024, Bitcoin surged by 47.73%, reaching $96,000, aligning with indicators from Peter Thiel's bubble theory, which warns of the unsustainable nature of such rapid increases. Additional macroeconomic factors, including rising Treasury yields and a strong dollar, are contributing to the bearish outlook, although some analysts maintain a bullish long-term perspective, predicting Bitcoin could reach $185,000 in 2025.
BITCOIN SHOOTS HIGH BUT FACES BEARISH REVERSAL Bitcoin’s “shooting star” pattern warns of potential near-term corrections after December’s $94K close. Macro headwinds like rising Treasury yields align with this bearish signal, posing challenges for bulls. Despite short-term… https://t.co/AK1dz59j7y
BITCOIN’S “SHOOTING STAR” PATTERN: CAUTION AHEAD? BTC ended December below $94K, forming a bearish “shooting star” candlestick. Macro factors like Fed hawkishness and a strong dollar could mean short-term pain for bulls. Analysts still expect BTC to break $185K in 2025—after… https://t.co/2gpCZj2oxN
$BTC carved out a shooting star candle in December in a sign of sellers looking to reassert themselves. Does it mean the end of the bull run? Find out in a report by @godbole17. https://t.co/Rmf5lEdKbK
