The crypto world is in constant change and fluctuation, so analyzes and predictions are constantly updated. Crypto Banter’s latest analysis covers the latest trends of the market, specifically emphasizing the pre- and post-halving periods.
In cryptocurrency markets, a downward trend is usually observed before the halving event. This decline begins shortly before the halving event and usually peaks about two months or eight weeks after the halving. These fluctuations before and after the halving have become one of the characteristic features of the market.
The focus of Crypto Banter’s analysis was on data related to Tether’s recent minting of another billion worth of tokens, which could be signs of a potential price increase. Examining historical data shows that such injections often coincide with significant market bottoms. It is noteworthy that this pattern is clearly visible, with Tether’s aggressive moves surpassing previous examples, especially the FTX crash.
He also emphasized that more activity is needed to raise prices from these low levels and stated that the transaction volume should be closely monitored. Additionally, he noted that the price is expected to remain in a certain range, and on longer time frames, this range is roughly between $50,000 and $77,000.
The analyst stated that currently the prices are in the middle of this range and emphasized that the prices may fall a little more, but as long as it does not constantly fall below $ 59,000, there is still a chance to buy and profit from the decline. Therefore, investors are advised to be careful and follow price movements closely.
The Right Level to Buy Bitcoin
Even if Bitcoin prices fell to around $52,000, one analyst suggested that these levels could still be a good opportunity to buy. This decline is consistent with the 21-day exponential moving average from a longer-term perspective.
The analyst said: “Ultimately, if you see another decline, the level around $52 to $54k is fair game. “This will be the region to collect more Bitcoin.”
This analysis reminds investors that they should focus on long-term trends rather than short-term fluctuations. Fundamental indicators can help them better understand market trends and make sounder investment decisions.
You can follow the current price movement here.
