{"id":154809,"date":"2025-04-07T16:00:01","date_gmt":"2025-04-07T13:00:01","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=154809"},"modified":"2025-04-07T15:23:13","modified_gmt":"2025-04-07T12:23:13","slug":"crypto-strategist-sees-bullish-potential-for-bitcoin-despite-bearish-trend","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-strategist-sees-bullish-potential-for-bitcoin-despite-bearish-trend\/","title":{"rendered":"Crypto Strategist Sees Bullish Potential for Bitcoin Despite Bearish Trend"},"content":{"rendered":"<p>Cheds <strong><a href=\"https:\/\/youtu.be\/vU8gyNFI-E8\" target=\"_blank\" rel=\"nofollow\">noted<\/a><\/strong> that the recent break below the crucial $90,000 support level has given Bitcoin bears the upper hand. To prevent a deeper decline, he emphasized the importance of defending the next key support zone around $72,000.<\/p>\n<p>Reflecting on past market behavior, Cheds recalled how Bitcoin\u2019s failure to hold above the SMA50 in December 2021 led to a massive price drop from $48,000 to $16,000 within a year.<\/p>\n<p>To avoid repeating this scenario, he outlined a potential path to recovery: a rapid, temporary dip below the Bollinger Band, forming a wick, followed by a strong bounce back above the SMA50.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/crypto-leaders-push-for-stablecoin-interest-as-lawmakers-debate-regulations\/\" title=\"Crypto Leaders Push for Stablecoin Interest as Lawmakers Debate Regulations\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/blockchain-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Crypto Leaders Push for Stablecoin Interest as Lawmakers Debate Regulations<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>According to Cheds, this kind of quick rebound, akin to the V-shaped recovery seen in August 2024, would be the ideal outcome. He believes that such a reaction would indicate strong buying pressure, helping Bitcoin maintain its long-term upward trajectory.<\/p>\n<p>For Cheds, the key lies in how Bitcoin handles the current support levels, with a focus on avoiding a sustained drop below the SMA50.<\/p>\n<p>In technical analysis, a wick represents a brief but intense buying or selling movement, and in Cheds\u2019 optimistic scenario, a lower wick would demonstrate substantial buying interest, signaling that bulls are still in control despite the recent turbulence.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cheds, a crypto strategist known for his accurate Bitcoin predictions, recently discussed the ongoing bearish trend and the potential for Bitcoin to maintain its bullish stance despite the downturn.<\/p>\n","protected":false},"author":3,"featured_media":34678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-154809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto Strategist Sees Bullish Potential for Bitcoin Despite Bearish Trend<\/title>\n<meta name=\"description\" content=\"Cheds, a crypto strategist known for his accurate Bitcoin predictions, recently discussed the ongoing bearish trend and the...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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