{"id":607716,"date":"2024-05-13T11:30:36","date_gmt":"2024-05-13T11:30:36","guid":{"rendered":"https:\/\/ktsl888.com\/?p=607716"},"modified":"2024-06-11T07:00:20","modified_gmt":"2024-06-11T07:00:20","slug":"level-to-beat-bitcoin-76000","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/level-to-beat-bitcoin-76000\/","title":{"rendered":"Analyst Points Out Level To Beat If Bitcoin Is To Reach $76,000"},"content":{"rendered":"

Crypto analyst Ali Martinez<\/span><\/a> has highlighted what needs to happen for Bitcoin to <\/span>climb to $76,000<\/span><\/a>. If that doesn\u2019t happen, he noted that the flagship crypto risks dropping significantly to levels not seen since the start of the year.\u00a0<\/span><\/p>\n

How Bitcoin Could Rise To $76,000<\/h2>\n

Martinez mentioned in an X (formerly Twitter) <\/span>post<\/span><\/a> that Bitcoin will likely rise to $76,610 if it can reclaim $64,290 as support. However, if it fails to climb above $64,290, the crypto analyst added that Bitcoin might retest support at $51,970. Martinez drew this conclusion based on <\/span>MVRV (Market Value To Realized Value)<\/span><\/a> extreme deviation pricing bands, which showed $51,970 as the all-time mean.\u00a0<\/span><\/p>\n

Related Reading: Crypto Analyst Says XRP Price Can Break Out From Falling Pennant, But Can It Reach $1?<\/a><\/div>\n

Bitcoin has recently maintained a tepid price movement and isn\u2019t showing any sign that it can reclaim $64,290 as support for now. Instead, the flagship crypto looks likelier to retest the $51,970 price level, seeing as it is looking to <\/span>break down below $60,000<\/span><\/a>. However, despite Bitcoin looking to have a bearish outlook, <\/span>crypto analyst Mikybull Crypto<\/span><\/a> maintains that Bitcoin\u2019s price action is bearish.\u00a0<\/span><\/p>\n

In an X (formerly Twitter) <\/span>post<\/span><\/a>, he mentioned that BTC is having a \u201csimple retest to weary the impatient trader.\u201d \u201cNothing bearish as bears seem to amplify it,\u201d he added. The analyst had <\/span>previously predicted<\/span><\/a> that Bitcoin could climb to $73,000 once it clears the $67,000 price level.\u00a0<\/span><\/p>\n

BTC May Soon Resume Its Upward Trajectory<\/h2>\n

Meanwhile, <\/span>crypto analyst Rekt Capital<\/span><\/a> suggested that Bitcoin may soon be out of the clear, revealing that the Post-halving \u201cDanger Zone\u201d officially ends on May 13. The analyst had <\/span>previously explained<\/span><\/a> that this Danger Zone is the downside wick that Bitcoin experienced approximately 21 days after the Halving in 2016.\u00a0<\/span><\/p>\n

In another <\/span>X post<\/span><\/a>, the analyst revealed that <\/span>Bitcoin<\/span> had repeated the \u201c2016 history perfectly, offering a downside wick below the bottom of its current Re-Accumulation range within a three-week window after the halving.\u201d Therefore, with this retracement out of the way, the flagship crypto looks primed for an upward trend.\u00a0<\/span><\/p>\n

Related Reading: Cardano Ready For 15x Move, Crypto Analyst Reveals The Major Drivers<\/a><\/div>\n

However, this move might not happen so soon since Rekt Capital mentioned the Reaccumulation period, which usually occurs after the Bitcoin halving. The crypto analyst noted that this period usually lasts up to five months. He added that this time could be different since this re-accumulation would develop around a <\/span>new all-time high (ATH)<\/span><\/a> area.\u00a0<\/span><\/p>\n

While it is uncertain when this price rally might come, Rekt Capital suggested that Bitcoin might not drop below the $60,000 price level again. He <\/span>claimed<\/span><\/a> that a weekly close above $60,600 for Bitcoin \u201cwould continue to solidify this price level as a base of the Re-Accumulation Range.\u00a0<\/span><\/p>\n

At the time of writing, BTC is trading at around $61,100, up in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"Bitcoin<\/p>\n

BTC bulls fail to hold $63,000 | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Featured image from AMBCrypto, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Crypto analyst Ali Martinez has highlighted what needs to happen for Bitcoin to climb to $76,000. If that doesn\u2019t happen, he noted that the flagship crypto risks dropping significantly to levels not seen since the start of the year.\u00a0 How Bitcoin Could Rise To $76,000 Martinez mentioned in an X (formerly Twitter) post that Bitcoin will likely rise to $76,610 if it can reclaim $64,290 as support. However, if it fails to climb above $64,290, the crypto analyst added that Bitcoin might retest support at $51,970. Martinez drew this conclusion based on MVRV (Market Value To Realized Value) extreme deviation pricing bands, which showed $51,970 as the all-time mean.\u00a0 Related Reading: Crypto Analyst Says XRP Price Can Break Out From Falling Pennant, But Can It Reach $1? Bitcoin has recently maintained a tepid price movement and isn\u2019t showing any sign that it can reclaim $64,290 as support for now. Instead, the flagship crypto looks likelier to retest the $51,970 price level, seeing as it is looking to break down below $60,000. However, despite Bitcoin looking to have a bearish outlook, crypto analyst Mikybull Crypto maintains that Bitcoin\u2019s price action is bearish.\u00a0 In an X (formerly Twitter) post, he mentioned that BTC is having a \u201csimple retest to weary the impatient trader.\u201d \u201cNothing bearish as bears seem to amplify it,\u201d he added. The analyst had previously predicted that Bitcoin could climb to $73,000 once it clears the $67,000 price level.\u00a0 BTC May Soon Resume Its Upward Trajectory Meanwhile, crypto analyst Rekt Capital suggested that Bitcoin may soon be out of the clear, revealing that the Post-halving \u201cDanger Zone\u201d officially ends on May 13. The analyst had previously explained that this Danger Zone is the downside wick that Bitcoin experienced approximately 21 days after the Halving in 2016.\u00a0 In another X post, the analyst revealed that Bitcoin had repeated the \u201c2016 history perfectly, offering a downside wick below the bottom of its current Re-Accumulation range within a three-week window after the halving.\u201d Therefore, with this retracement out of the way, the flagship crypto looks primed for an upward trend.\u00a0 Related Reading: Cardano Ready For 15x Move, Crypto Analyst Reveals The Major Drivers However, this move might not happen so soon since Rekt Capital mentioned the Reaccumulation period, which usually occurs after the Bitcoin halving. The crypto analyst noted that this period usually lasts up to five months. He added that this time could be different since this re-accumulation would develop around a new all-time high (ATH) area.\u00a0 While it is uncertain when this price rally might come, Rekt Capital suggested that Bitcoin might not drop below the $60,000 price level again. He claimed that a weekly close above $60,600 for Bitcoin \u201cwould continue to solidify this price level as a base of the Re-Accumulation Range.\u00a0 At the time of writing, BTC is trading at around $61,100, up in the last 24 hours, according to data from CoinMarketCap.\u00a0 BTC bulls fail to hold $63,000 | Source: BTCUSD on Tradingview.com Featured image from AMBCrypto, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":607728,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[167,428,656,679,1119,89185,1122,1144,78790,6664,26263,14690],"class_list":["post-607716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-analyst","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\nAnalyst Points Out Level To Beat If Bitcoin Is To Reach $76,000<\/title>\n<meta name=\"description\" content=\"Crypto analyst Ali Martinez has highlighted what needs to happen for Bitcoin to climb to $76,000, presenting the major level to maintain.\" \/>\n<meta name=\"robots\" content=\"index, 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Analyst Points Out Level To Beat If Bitcoin Is To Reach $76,000","url":"http:\/\/ktsl888.com\/news\/level-to-beat-bitcoin-76000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/level-to-beat-bitcoin-76000\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_f1d177.jpeg?resize=200%2C183","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_f1d177.jpeg?fit=275%2C183"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","crypto","crypto analyst","crypto news"],"dateCreated":"2024-05-13T11:30:36Z","datePublished":"2024-05-13T11:30:36Z","dateModified":"2024-06-11T07:00:20Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Analyst Points Out Level To Beat If Bitcoin Is To Reach $76,000\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/level-to-beat-bitcoin-76000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/level-to-beat-bitcoin-76000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Bitcoin_f1d177.jpeg?resize=200%2C183\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Bitcoin_f1d177.jpeg?fit=275%2C183\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"crypto\",\"crypto analyst\",\"crypto news\"],\"dateCreated\":\"2024-05-13T11:30:36Z\",\"datePublished\":\"2024-05-13T11:30:36Z\",\"dateModified\":\"2024-06-11T07:00:20Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_f1d177.jpeg?fit=275%2C183","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/607716"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=607716"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/607716\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/607728"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=607716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=607716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=607716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}