Has the rise of Bitcoin come to an end? Top analysts predict that the price will soon adjust.

With significant price fluctuations in Bitcoin, different analyses from cryptocurrency analysts depict different short-term trajectories. Renowned cryptocurrency analyst Ali discovered a sell signal on the short-term Bitcoin chart using TD Sequential Indicator.

According to Ali's analysis, the TD sequential indicator indicates that the current upward trend of Bitcoin may be losing momentum. This could lead to a correction in the next one to four candles, especially evident on the four-hour chart.

On the contrary, another renowned analyst, Rekt Capital, recently put forward a more optimistic viewpoint. According to Rekt Capital, Bitcoin concluded its downward trend in mid-April and entered an upward trend, breaking through the previous resistance level.

As Rekt Capital emphasized, the sign of this change is that Bitcoin has formed higher highs for the first time since it dropped to $56,000. This indicates that despite occasional market attempts to unsettle investors, the bull market may continue.

The TD Sequential indicator signaled a sell, Bitcoin pumped 7.6% over the past seven days to a 24-hour high of $66,567 before retreating slightly to $65,592.

Rekt Capital pointed out the importance of the $60,000 support level, indicating that maintaining this level is crucial for further bullish momentum. He stated that the recent breakthrough of $66,000 proved how quickly market sentiment can shift to a bullish trend.

The analyst revealed that the Bitcoin bull market is not over yet. But time and time again, before you can profit from it, the market will try to close your position again and again.

At the same time, Mike Novogratz commented on the broader market trends, pointing out that the cryptocurrency industry is at a crucial moment of evolving narratives, and the market landscape may change rapidly, especially with the regulatory developments expected to come in the United States.

Mike Novogratz further expands on his macro view, indicating that the coming months could be crucial for the cryptocurrency market as it reacts to new narratives and regulatory developments. He recently predicted that the price of Bitcoin will fluctuate between $55,000 and $75,000 for a period of time, suggesting a consolidation phase before any significant changes occur.

(Sourced from: Samuel Edyme)