{"id":18827,"date":"2025-03-24T17:16:52","date_gmt":"2025-03-24T17:16:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18827"},"modified":"2025-03-24T17:16:52","modified_gmt":"2025-03-24T17:16:52","slug":"warning-bitcoin-just-hit-88k-but-this-metric-says-crash-ahead","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18827","title":{"rendered":"Warning: Bitcoin Just Hit $88K \u2014 But This Metric Says \u2018Crash Ahead\u2019"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li class=\"\" data-start=\"0\" data-end=\"110\">\n<p class=\"\" data-start=\"2\" data-end=\"110\">Bitcoin\u2019s recent surge above $88K might be short-lived as technical indicators hint at overbought conditions.<\/p>\n<\/li>\n<li class=\"\" data-start=\"111\" data-end=\"219\">\n<p class=\"\" data-start=\"113\" data-end=\"219\">Market analysts foresee a possible correction, with downside targets ranging between $72,800 and $80,000.<\/p>\n<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/BTC_CB-2.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-388908\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/BTC_CB-2.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/BTC_CB-2.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/BTC_CB-2-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/BTC_CB-2-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/BTC_CB-2-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/BTC_CB-2-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>Beware of a New Pullback<\/h2>\n<p><span data-preserver-spaces=\"true\">The primary cryptocurrency started the business week on the right foot, with its price <\/span><span data-preserver-spaces=\"true\">soaring<\/span><span data-preserver-spaces=\"true\"> above $88,000 for the first time since March 7. <\/span><span data-preserver-spaces=\"true\">Despite the solid gains<\/span><span data-preserver-spaces=\"true\">, though<\/span><span data-preserver-spaces=\"true\">, one <\/span><span data-preserver-spaces=\"true\">important<\/span><span data-preserver-spaces=\"true\"> indicator suggests that the rally might be short-lived and followed by a new correction.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The metric in question is Bitcoin\u2019s Relative Strength Index (RSI), which measures the speed and change of price movements.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The ratio varies from 0 to 100, and readings above 70 typically signal that the asset might be in overbought territory, with its price potentially preparing to head south. Over the past several hours, the RSI has been <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.cryptowaves.app\/relative-strength-index\/BTC\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">hovering<\/span><\/a><span data-preserver-spaces=\"true\"> slightly above that bearish zone.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Some analysts also support the thesis that the BTC bulls might suffer additional pain <\/span><span data-preserver-spaces=\"true\">in the near future<\/span><span data-preserver-spaces=\"true\">. The X user Koroush AK <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/KoroushAK\/status\/1904155680036327601\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">believes<\/span><\/a><span data-preserver-spaces=\"true\"> the asset\u2019s price pattern continues to follow an HTF downtrend. The market observer projected that the valuation might drop to as low as $72,800 unless BTC reclaims $92,000.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Captain Faibik gave their two cents, too. The analyst claimed BTC is still trading within a falling wedge pattern, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/CryptoFaibik\/status\/1904071169252204948\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">envisioning<\/span><\/a><span data-preserver-spaces=\"true\"> a potential decline to $80,000 before a subsequent surge toward $109,000 in the following weeks.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">How About a New ATH?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Another well-known person in the crypto space who touched upon the matter is Arthur Hayes (co-founder and former CEO of BitMEX). Earlier today (March 24), he <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/CryptoHayes\/status\/1904000755381760058\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">predicted<\/span><\/a><span data-preserver-spaces=\"true\"> that BTC\u2019s price is more likely to hit a fresh peak of $110,000 than tank to $76,500.\u00a0<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cIf we hit $110k, then it\u2019s <\/span><span data-preserver-spaces=\"true\">yachtzee<\/span><span data-preserver-spaces=\"true\"> time <\/span><span data-preserver-spaces=\"true\">and<\/span><span data-preserver-spaces=\"true\"> we ain\u2019t looking back until $250k,\u201d he added.<\/span><\/p>\n<\/blockquote>\n<p><span data-preserver-spaces=\"true\">Hayes based his prediction on the potential quantitative easing (QE) policy the US Federal Reserve might enforce in the coming months. The central bank usually takes this step to stimulate the economy when interest rates are already low and traditional methods aren\u2019t enough. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">QE involves money printing to buy government bonds and other financial assets. It is typically implemented during recessions or <\/span><span data-preserver-spaces=\"true\">financial<\/span><span data-preserver-spaces=\"true\"> crises and encourages borrowing, spending, and investing.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Currently, the US inflation rate is higher than the Fed\u2019s target of 2%, which seems to be among the main reasons why interest rates <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/us-fed-holds-interest-rates-steady-how-is-bitcoin-reacting\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">remained<\/span><\/a><span data-preserver-spaces=\"true\"> unchanged after the previous FOMC meeting. It will be interesting to see whether the central bank will lower the benchmark (as expected) in its next meeting and whether that will benefit the crypto market.\u00a0<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/warning-bitcoin-just-hit-88k-but-this-metric-says-crash-ahead\/\" rel=\"nofollow\">Warning: Bitcoin Just Hit $88K \u2014 But This Metric Says \u2018Crash Ahead\u2019<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Bitcoin\u2019s recent surge above $88K might be short-lived as technical indicators hint at overbought conditions. Market analysts foresee a possible correction, with downside targets ranging between $72,800 and $80,000. Beware of a New Pullback The primary cryptocurrency started the business week on the right foot, with its price soaring above $88,000 for the first [&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":[2],"tags":[3,4,5],"class_list":["post-18827","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18827","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=18827"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18827\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}