Bitcoin reenters DCA zone; analysts see rally if $60,000 holds
Bitcoin re-enters the “DCA zone,” says Merlijn. The $60k–$70k range is key for the next move.
Analyst Merlijn reports that Bitcoin has re-entered the DCA band on the rainbow chart. He notes prior entries preceded “massive rallies,” while retail “panicked and sold.” “This chart has never been wrong,” he wrote. Source.
Merlijn calls current price action “critical.” BTC is compressing in a tight $60k–$70k band. His chart maps a break higher toward $120k if support holds. A failure risks a larger drop. Source.
He adds BTC is mirroring the 2021 top structure with lower highs, then a final flush before recovery. $60k is “the last line of defense.” Below it, liquidity pockets sit lower. Details.
Peter Brandt sees an upside break. “The Big Banana is forming a Little Banana — and it indicates there is about to be a Banana Split,” he wrote, eyeing $82,500 by April on his chart. Chart, context.
Longer term, Brandt maps targets near $120k and possibly $280k. He recently flagged a potential bullish reversal after BTC’s push to $74k since the October top. His view, background.
Key levels and scenarios:
- Range in play: $60k–$70k source
- Support to hold: $60k “last line of defense” source
- Near-term upside: $82.5k target (Brandt) source
- Higher roadmap: >$120k if support holds source
- Risk if break down: larger decline to lower liquidity source
Title: Bitcoin back in DCA zone; $60k–$70k holds the key as Brandt targets $82.5k, $120k+
