Bitcoin Exponential Bomb Alert Is Out

Bitcoin Exponential Alert is what keep is going. Check out the latest reports involving about the top price uf BTC nr.

Crypto analyst Jason Pizzino is urging caution on Bitcoin (BTC). This is happening amid an uptick in the price of the flagship crypto asset.

Pizzino recently said that Bitcoin is unlikely to hit new highs after rallying by about 5% from its April low.

“I don’t think we’re out of the Woods here, I don’t think we are about to go up into new highs because we haven’t broken past this level at $28,500 and the 50% [Fibonacci retracement level] level.”

The crypto analyst believes the fact that Bitcoin still needs to get back above those levels for the short-term strength to come into the market so it can attempt to break $30,000 and $31,000 again.

Multiple crypto analysts think the current Bitcoin (BTC) correction is actually “extremely bullish” with BTC up 0.9% in the last week.

In a new YouTube video, the anonymous host of InvestAnswers shares a chart from crypto-focused hedge fund Swissblock that suggests BTC could be forming a cup-and-handle pattern, a bullish technical indicator.

The Swissblock analysts state the following:

“The cup-and-handle pattern is still in play. The neckline break has happened – and it is quite normal to see a retest of the neckline area before the price moves higher. We have that setup now, only the current wave (2) is developing in an “Extended Flat”. This is bullish and the move seems to be coming to an end.”

Swissblock’s analysts believe Bitcoin will make a final push down to $26,500 “in the coming days,” acknowledging that BTC could go as low as $25,200 in the worst-case scenario.

The economist reis recently that risk assets will soar into the summer with the king crypto leading the way. STay tuned for more news.