{"id":15,"date":"2024-09-22T05:34:58","date_gmt":"2024-09-22T05:34:58","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=15"},"modified":"2024-09-22T05:34:58","modified_gmt":"2024-09-22T05:34:58","slug":"bitcoin-bears-are-facing-last-stand-heres-what-technical-analysts-are-saying","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=15","title":{"rendered":"<div>Bitcoin Bears Are Facing &#8216;Last Stand&#8217;: Here&#8217;s What Technical Analysts Are Saying<\/div>"},"content":{"rendered":"<div>\n<p>Veteran technical analyst CryptoCred sees a potential shift to a bullish market structure for <strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>), suggesting the apex crypto is at <a href=\"https:\/\/www.benzinga.com\/money\/bitcoin-price-prediction\">a critical juncture<\/a>. <\/p>\n<p><strong>What Happened: <\/strong>CryptoCred took to his <strong>X<\/strong> <a href=\"https:\/\/x.com\/CryptoCred\/status\/1837039942582600020\">account<\/a> to emphasize the importance of using line charts for market structure analysis, noting that they \u201ctend to be clearer as they only show the closes.\u201d <\/p>\n<p>According to his analysis, Bitcoin has been forming lower highs on the weekly timeframe, indicating a bearish trend.<\/p>\n<p>However, the analyst pointed out that the current price level represents \u201cthe bears\u2019 last stand,\u201d describing it as the \u201clast reasonable area where a lower high could form if they\u2019re right + close proximity to invalidation.\u201d <\/p>\n<p>This suggests that the market is at a pivotal point where the direction could shift significantly.<\/p>\n<p><figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.benzinga.com\/events\/digital-assets\/\"><img ...><\/a><\/figure>\n<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/09\/40963068\/bitcoin-bears-are-facing-last-stand-heres-what-technical-analysts-are-saying\" alt=\"Bitcoin\" bears are facing stand here what technical analysts saying>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Veteran technical analyst CryptoCred sees a potential shift to a bullish market structure for Bitcoin (CRYPTO: BTC), suggesting the apex crypto is at a critical juncture. What Happened: CryptoCred took to his X account to emphasize the importance of using line charts for market structure analysis, noting that they \u201ctend to be clearer as they [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15","post","type-post","status-publish","format-standard","hentry","category-videos"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}