Bitcoin Market Signals Indicate No Bottom Before October

Bitcoin's market structure suggests a possible delay in reaching a true bottom until October. Analysts are evaluating whether this timing will lead to continued correction or a rebound.

Current Market Analysis

  • Analyst TARA highlights a complex market with contradictory short-term and mid-term signals. Immediate trends appear bullish, but the overall outlook remains bearish.
  • Bitcoin found support at critical technical levels, with buyers stepping in decisively.
  • The resistance level is identified at $114,400, but the macro trend target for correction stands at approximately $99,000.

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Time Cycles and Technical Indicators

  • Dr. Cat suggests that if Bitcoin revisits the low of $108,652 after September 28th, it would signal a continuation of the bearish trend.
  • A potential bearish Tenkan-Kijun (TK) cross could occur if the Kijun Sen turns downward.
  • This scenario aligns with earlier predictions that the market bottom might not occur before October.

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