Altcoins News
By Dan Saada
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Technical Breakdown Looms. The analyst's warning stems from a bearish wedge pattern he's been tracking.
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Critical Support at $66K. Everything hinges on $66,000. That's the line in the sand Kibar's drawn, and Bitcoin's fate…
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Aksel Kibar sees trouble ahead. The respected crypto analyst warns Bitcoin could plunge to $52,000 if key support breaks, and traders aren't taking his warning lightly.
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Kibar runs Tech Charts LLC and knows his way around market patterns. His latest call centers on Bitcoin's precarious position near the $66,000 level, where a breakdown could…
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The analyst's warning stems from a bearish wedge pattern he's been tracking. Kibar said traders should "move to the sidelines when setups fail" in his recent post on X, and he's…
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Back then, Kibar called out the consolidation pattern and predicted pressure on the $73,700 to $76,500 support zone.
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Kibar's background adds weight to his calls. He worked at National Bank of Abu Dhabi before starting his own firm, and his technical analysis has caught attention from traders…
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But here's the thing - no other major analysts have weighed in on Kibar's $52,000 target yet.
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Everything hinges on $66,000. That's the line in the sand Kibar's drawn, and Bitcoin's fate probably depends on whether it holds or breaks.
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The wedge pattern Kibar's tracking resembles formations he's seen before. These setups can fool traders into thinking the trend will continue higher, but when they break down,…
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Traders are watching every tick now. The $66,000 level has become a focal point for short-term strategies, with many positioning for either a bounce or a breakdown.
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Market conditions haven't been kind to crypto lately. Bitcoin's price swings in both directions over short periods, creating uncertainty that makes technical analysis even more…
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His previous call on the 365-day EMA interaction provided a roadmap for Bitcoin's move lower from $97,000.
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The cryptocurrency market has seen wild swings recently, making Kibar's technical approach appealing to traders seeking structure in the chaos.
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Kibar's reputation on social media platforms adds another layer to his influence. When he posts analysis on X, traders pay attention because his calls have often proved prescient.
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