Tangem Wallet Pack of 2 - Secure Crypto Wallet - Trusted Cold Storage for Bitcoin, Ethereum, NFT's &

Tangem Wallet Pack of 2 - Secure Crypto Wallet - Trusted Cold Storage for Bitcoin, Ethereum, NFT's &
Key item features Ultimate Security: Generates a private key that remains on the card, safeguarding crypto and NFTs from hackers with EAL6+ certification and audited firmware. Versatile Compatibility: Manages over 13,000 tokens across 70+ blockchains, supporting DeFi, NFTs, and DeEx without wires, Bluetooth, or USB. Effortless Operation: Utilizes NFC for secure transactions via a mobile device and the Tangem app, enabling buying and selling crypto with various payment methods. Smart Backup: Features a second Tangem Wallet as a backup, eliminating the need for paper, pictures, or seed phrases for recovery. Durable Design: Boasts IP68 protection against environmental conditions, ensuring longevity and robust physical security. Comprehensive Support: Compatible with Bitcoin, Ethereum, Solana, XRP, USDT, and over 6,000 cryptocurrencies, integrating with dApps and WalletConnect.

LBANK

LBANK

Bitcoin Just Lost This Linear Line And This Analyst Says You Shouldn’t Ignore It

Bitcoin is still at a critical level, where the next move could be determined. With the current sentiment turning toward the negative, expectations remain that the next move for the Bitcoin price will likely be a rapid price crash. This seems to be supported by technical patterns that show that the cryptocurrency has broken below a major level. As previous performances show, the possibility that BTC will follow the historical trend is high and ultimately bearish for the price.

Why The Bitcoin Price Could Crash

As sentiment has plummeted and sell-offs have intensified, so have the probabilities for a crash risen. One major development that suggests that further decline could be coming is that the bitcoin price has lost a trend line on the log chart, a move that is historically bearish for the price.

Crypto analyst and CMT-certifed expert Tony “The Bull” Spilotro, highlighted this development, showing the bearish move. According to Spilotro, the Bitcoin price has now lost the log chart trendline that began back in 2024, and this holds immense consequences for the cryptocurrency.

Bitcoin price

Historically, whenever the Bitcoin price has lost this trend line on the log chart, the result has always been very bearish. The usual end result has been a crash in price; thus, it is important to keep an eye on this break. If it holds, it would mean that the BTC price decline is far from over.

The crypto analyst explains that the fractal might not be a given, and may not play out exactly, but that doesn’t mean it’s not important. “The fractal isn’t a guarantee, but a valid example of losing a linear trend line on a log chart not being something you should ignore,” Spilotro stated.

Essentially, if the trend does end up playing out as expected, then it would mean that the Bitcoin price crash is far from over. So far, there have been analysts warning of lower prices, with some expecting BTC to go as low as $50,000.

Bitcoin price chart from Tradingview.com

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