Ansem: There is no bull market in sight, the only turning point is BTC returning to $112,000

PANews reported on October 19 that crypto KOL Ansem tweeted, "Judging from the SFP (Swing Failure Pattern, a concept in technical analysis to identify potential trend reversals or major trading opportunities in the market) on the weekly charts of XRP, SOL, and ETH, it is impossible to be bullish on the market. It reminds me of the SFP of LTC in 2021, coupled with the fact that the trading price of BTC has fallen back below the ATH in 2024, I don’t see the bull market situation, but the end of momentum and the decline in prices. A 10-month distribution is about to end. There is no new story. MSTR peaked in November 2024. It fell below 200dma for the first time since 2023 and became a resistance level. ETH and BTC have risen as they do at the end of every cycle. The only way for me to change my mind is if we return to above $112,000."

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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