Bitcoin 'looks exhausted' as next bear market yields $69K target

Quick Summary:

Popular trader Crypto Chase notes that the price is now considerably higher than some typical bull market exponential moving averages (EMAs).“Every time price deviates FAR outside the EMAs (circled areas), we always see a pullback,” he told X followers. “Even if that pullback if brief before more upside, it's a pullback.”BTC/USD 1-week chart with 21, 50 EMA.

Related: $107K fakeout or new all-time highs? 5 things to know in Bitcoin this weekSupport targets include everywhere from $105,000 to $90,000, with proponents seeing little fuel left in the bull market tank.“This doesn’t mean downside is coming immediately, it just means the bull run is likely coming to an end and I'd rather not take the risk and hold spot here.

BTC price roadmap prepares for Q4 “cycle peak”Bitcoin hit its highest-ever levels this week, data from Cointelegraph Markets Pro and TradingView confirms — but despite being up by a third in Q2 already, BTC/USD remains unconvincing for many.

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Article Details

Author / Journalist: Cointelegraph by William Suberg

Category: Crypto

Markets: United StatesOman

Topics: Btc/usd Bitcoin Price Chart Latest Lower Bull Highs Market Cointelegraph Pullback

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-22 @ 09:35:48 (16 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 457 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28902928

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

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