{"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":"

Cheds 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

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

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