{"id":388699,"date":"2019-07-05T00:01:12","date_gmt":"2019-07-05T00:01:12","guid":{"rendered":"https:\/\/uniquehot.com\/?p=388699"},"modified":"2019-07-04T13:05:46","modified_gmt":"2019-07-04T13:05:46","slug":"two-long-term-bulls-butt-heads-over-short-term-bitcoin-price-direction","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/two-long-term-bulls-butt-heads-over-short-term-bitcoin-price-direction\/","title":{"rendered":"Two Long-Term Bulls Butt Heads Over Short-Term Bitcoin Price Direction"},"content":{"rendered":"

Bitcoin<\/a> is yet again at a critical inflection point, where the days ahead may determine the trend for the coming months and potentially years in the crypto market.<\/p>\n

After a flash crash stopped Bitcoin’s parabolic advance short ahead of setting new all-time highs, many fear that the rally may be ending and will test lows the asset left in its dust in recent weeks. But a reversal yesterday has given bulls more hope once again. The market is at an impasse, and even two analytical giants and long-term Bitcoin bulls who have often been correct up until now, are taking opposing stances.<\/p>\n

The Battle of the Long-Term Crypto Bulls<\/h2>\n

A battle between two heavyweight crypto analysts is taking place across Twitter, with the two long-term Bitcoin bulls both expecting vastly different moves in the coming weeks. What makes their opposing stances uniquely interesting is that both have almost perfectly called the bottom \u2013 even before it happened \u2013 and predicted just about every move up until this moment.<\/p>\n

Related Reading | Crypto Analyst: Bitcoin Technical Indicator Struggles At This Range Before Bull Run\u00a0<\/a><\/strong><\/em><\/p>\n

Published analyst FilbFilb believes that the “38.2% retrace” was more than enough of a dip and mimics past cycles before Bitcoin continued upward on its parabolic climb. The analyst used a comparison to the last bear-to-bull transition to demonstrate his model and why this move might be in the cards.<\/p>\n

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Case for local\/macro cycle $btc<\/a> bottom;<\/p>\n

Retracement back toward previous highs @ 61.8%-78.6%; <\/p>\n

Typically are blow off events \u2714\ufe0f
retrace to the 38.2% level briefly \u2714\ufe0f<\/p>\n

Maybe we continue to 16 and then revisit again but otherwise on a macro cycle level it sure looks similar. pic.twitter.com\/qQfrJiPRbp<\/a><\/p>\n

— filbfilb (@filbfilb) July 3, 2019<\/a><\/p><\/blockquote>\n