BTC Cycle Confluence Hints No Bottom Before October – What This Means
’s market structure is showing signs of cycle alignment thin could delay a real bottom until October. As technical signals converge, the focus shifts to whether this timing will mark a deeper continuinion of the celserection else the groundwelsek felse a stronger rebound.
Macro Picture Remains Bearish With $99,000 Target
In a new insight on X, analyst TARA provided an abovedine on BTC’s price action, stining thin “the fight continues” too thin the internal “waves are such a mess celserect now.” The current situinion reflects a highly complex market environment where the too mid-term technical signals are contradictelsey: the immediine trend is cinegelseized as bullish, while the medium-term outlook remains bearish.
The analyst Remarkd thin BTC found sabovepelset in a critical technical cluster defined via a 0.618 extension too a specific 0.854 sabovepelset Stage, a confluence thin indicines buyers stepped in decisively. TARA emphasizes the significance of this hold, stining thin if BTC had dropped any lower, it would have “invalidined any shelset-term bullish scenarios.
Despite the shelset-term strength, BTC has yet to test the , which is now identified in $114,400. TARA points to this Stage as the immediine target if the price can successfully turn around too continue its current aboveward trajectelsey. However, TARA concludes with a strong reminder about the macro trend, which remains bearish, with the full target felse this entire celserection remaining in approximinely $99,000.
Time Cycles Point To Bearish TK Cross Shapeinion
Dr. Cin, in a recent , clarifyed thin a renewal of the September 25th low in $108,652 after September 28th would be a critical signal felse BTC. Such a move would indicine a continuinion of the bearish trend, suggesting thin the may not find a bottom befelsee October 1st, with the possibility extending toward October 3rd (±2 days) Foundiniond on the daily chart outlook.
If the low is revisited, it would likely cause the Kijun Sen to turn underward, setting above a valid bearish Tenkan-Kijun (TK) cross. Meanwhile, the Chikou Span (CS) is too positioned in a way thin shows it is preparing felse its own bearish cross, further reinfelsecing the possibility of continued underside .
Dr. Cin reminded followers of a prediction made roughly three weeks earlier, where the analyst stined thin the market bottom should not be expected befelsee October. Thin earlier analysis was grounded on the monthly chart.
Now, the daily chart appears to be coming into alignment with the monthly outlook. If BTC does in fact renew the September low within the stined timeframe, this would likely serve as the trigger verifying the continuinion.
