Bitcoin Bull Run Dey Face Possible Correction; Max Intersect SMA Model Talk Say Four More Months Of Up Before Cycle Top
Bitcoin 50-day simple moving average (SMA) don reach record high pass $100,000, show say market dey strong for bullish side and price don get better because ETF money dey enter. But gap wey dey between spot price and SMA don reduce, e mean say price fit drop at least 10%. On-chain data sef show say holders dey collect profit more, na sign say market feeling dey change. Crypto analyst Joao Wedson talk say one important top signal from Max Intersect SMA Model wey don correctly predict past cycle peaks never show yet. Since the signal go show when price reach previous high ($69,000), and Bitcoin dey trade around $104,400 now after comot for recent consolidation, the model suggest say this bull run fit continue for like four more months. Algorithmic analysis also back this view but traders suppose dey watch the 50-day SMA for support and Max Intersect SMA Model for market top signs. This overall view dey show say e good make people dey check technical and sentiment indicators well as market dey volatile, with data show say the Bitcoin uptrend fit still last but short-term correction fit happen.
Bullish
Even though evidence dey for possible short-term correction for Bitcoin because e gap with im 50-day SMA dey close and profit-taking dey increase, Max Intersect SMA Model wey dem sabi for im accuracy for previous cycles no still signal cycle top yet. This one mean say despite di current wahala and consolidation, di longer-term trend still dey positive, with algorithmic and technical indicators supporting say e get chance to go up more for like four months. Traders suppose dey watch both short-term corrections and major cycle-top signals. Overall, dis outlook na bullish as di primary technical model dey show say market fit still grow before e reach real peak.