This Bullish Bitcoin Pattern is Still in Play Despite Recent Market Slide: Analyst
Amid the latest Bitcoin correction, highly followed crypto analyst “Titan of Crypto” stresses that the asset is still in a bullish market structure.
The crypto market has been in free fall over the past 24 hours amid heightened macroeconomic and geopolitical concerns. Bitcoin has plummeted nearly 11% from Monday, February 24, highs of $96,500 to three-month lows below the $87,000 price point. But amid the panic, one prominent analyst has offered a note of hope.
Analyst Teases “Explosive” Bitcoin Move
Amid Bitcoin’s correction, highly followed crypto analyst “Titan of Crypto” has stressed that the asset is still in a bullish market structure.
In an X post on Monday, February 24, Titan of Crypto contended that Bitcoin is still trading in line with a bullish inverse head and shoulders chart pattern on its weekly chart that it appears to have broken out of in Q4 2024.
“The next BTC move could be explosive,” the analyst enthused, sharing a chart that suggests that the asset’s main target is above the $125,000 price point.
Bitcoin weekly candle chart showing inverse head and shoulders pattern Source Titan of Crypto
For context, at the current price of about $87,800, this target represents an over 40% upside potential.
Meanwhile, Titan of Crypto is not the only analyst who suggests that Bitcoin’s bullish structure remains intact despite the recent dip.
Prominent analyst Don Alt described the recent dip on Tuesday, February 25, as simply a test of the range lows on the weekly chart, noting that a close above the lows could lead to a bounce next week.
$BTC update
That’s the range low test done, this is still nothing out of the ordinary
Close above the range low and I’d think we’re in for a bounce next weekStill think most sane play is just waiting for a reclaim of $100k and full yeet into the market it if it does pic.twitter.com/kti8dPlUIw
— DonAlt (@CryptoDonAlt) February 25, 2025
Similarly, “ZeroHedge” has warned followers against getting shaken out by the market turbulence, suggesting that Bitcoin is replicating its 2017 run and still has much room for the upside.
$BTC
We are there at that dotted vertical pink line give or take a few bars. February 2017
Stick with me.
Don’t you dare get shaken out now pic.twitter.com/5YKbYfgh0y
— Wick (@ZeroHedge_) February 25, 2025
Perhaps supporting these views, crypto analytics firm CryptoQuant has revealed that whales are buying the dip, with 26,430 BTC worth over $2 billion flowing into accumulation addresses.
Meanwhile, amid this sea of positive views, Standard Chartered Head of Digital Asset Research Geoffrey Kendrick has cautioned that investors should not buy the dip just yet, noting that he anticipates a further decline closer to the $80,000 price level.
