With the recent fall of Bitcoin (BTC), Trader Ryan Wilday sees a last chance to buy this asset in search of profits in 2025. This is indicated in a new analysis published on March 14. Remember the analyst that cryptocurrencies uploaded the last two years, despite an American government that was against this industry. And, although one might think that this will accelerate with the entrance to the presidency of Donald Trump, a defender of the sector, does not expect that to happen. «The best news often occurs in the top of the upward cycle,» says the specialist. Therefore, despite Trump's pro-bitcoin posture, Wilday predicts that a bear market is coming to Bitcoinalthough not yet.
«My 25 years in stock markets have taught me that who is in the White House matters little for investments yields. Ryan Wilday, Cryptocurrency Trader, Actions, Future and Currency.
For the analyst, the price of Bitcoin will reach $ 125,000 (USD) in this cyclebefore entering a bearish market. At the moment, the historical record that has touched is USD 109,300 two months ago, as the next graph exhibits.
BTC price per week since the last crypto -winter ended. Source: TrainingView. BTC has depreciated up to 30% of its record when last week it stepped on the USD 76,000, its minimum in more than three months. Since then, it has rebounded slightly and remains around USD 83,000. For Wilday, Bitcoin's recent 30% drop offers a possible purchase opportunitywith key support levels between USD 69,000 and USD 83,000. Although, he clarifies that, if the price descends from such rank, he would question his upward perspective, pointing out the possible early arrival of the bearish market. Trader bases its thesis on Elliott's theory of waves, a technical analysis model that indicates that the price of an asset usually moves in five movements of movements. These are three ascending interspersed with two corrective, according to market psychology. Wilday argues that Bitcoin has not yet completed the fifth impulse wave that I hope it takes the USD 125,000 at the price, from the minimum of USD 50,000. This has been finished with a rise to the USD 109,000 two months ago, as seen below.
Bitcoin analysis based on Elliott's wave theory. Source: Seeking Alpha. «Sometimes, fifth waves are weak,» he said. However, it emphasizes that most of the fifth waves, particularly in Bitcoin, measure at least 61.8%, a fibonacci level used to identify possible movements. Therefore, still It is possible that its price reaches new historical maximum before giving way to the bearish market. For the analyst, it is likely that the recent fall has formed as a B wave. This concept refers to a correction that pauses the upward trend, something very common in Bitcoin, «he emphasizes.
Bitcoin market tension could be reversed, according to analysts
In tune to Wilday, analyst Willy Woo has considered that the S&P 500 (SPX), an index that collects the main 500 US actions, approaches the floor of the upward trend that has been two years ago. This It could mean that it is facing a pricelessnesswhich «seems quite good» for Bitcoin, which is usually correlated, distinguished. On the other hand, the popular Trader Scott Melker has warned that a phrase that can explain the current price movements is that «the market has to get worse before improving.» In his opinion, this is something that Trump could be looking for with his policies, as Cryptonotics reported. The American president has established a pile of rates for imports from China, Mexico, Canada and the European Union that have generated fears of greater inflation and recession. With such a context, sales in the markets have been unleashed and a greater demand for gold, active that usually rises in periods of uncertainty. Anyway, historically, The first year of each US president tends to end up the actions and Bitcoin. Therefore, this, in the midst of Trump's pressure so that the Federal Reserve (FED) lowers interest rates, still maintains upward expectations despite concerns. However, for the moment, Jerome Powell, the president of the Fed, does not show intention to cut the rates in the short term. Therefore, the tension in the market could be extended longer.
Clarification: This article is written as an informative way to report the opinion of Ryan Wilday. It does not constitute an investment recommendation or financial council. Each investor is responsible for conducting their own research.
