Bitcoin is now inching towards $70,000, but there is enough to worry about around $64,000. Crypto analyst Tara expressed concern that Bitcoin’s fifth wave may notBitcoin is now inching towards $70,000, but there is enough to worry about around $64,000. Crypto analyst Tara expressed concern that Bitcoin’s fifth wave may not

Bitcoin 5TH Wave Is Not Over Yet, And Price Could Still Crash To $52,000; Analyst Warns

2026/02/27 08:00
3 min di lettura
Per feedback o dubbi su questo contenuto, contattateci all'indirizzo crypto.news@mexc.com.

Bitcoin is now inching towards $70,000, but there is enough to worry about around $64,000. Crypto analyst Tara expressed concern that Bitcoin’s fifth wave may not be complete, with a prediction that further downside could still be ahead. 

In a recent post on X, the analyst noted that the current move could either be the start or the final stretch of a fifth wave decline, and there’s still a possibility of the Bitcoin price falling to as low as $52,000.

Double Bottom Support At $59,900 And $60,500

Technical analysis done by crypto analyst Tara shows that Bitcoin has built a major support around the $59,900 to $60,500 range. This area is based on prior swing lows and a visible double bottom formation on the 4-hour candlestick price chart. It also coincides with deeper Fibonacci retracement levels projected from above $70,000.

According to the analyst, Bitcoin could see a strong reaction if the price were to fall to that region. A bounce from this support could drive the Bitcoin price back to $64,400, which would then be tested as resistance instead of support.

However, such a rebound may only be temporary. If the macro fifth wave structure continues to play out, the market could still be setting up for one final push lower after that retest. According to Tara’s wave interpretation, this final push lower could extend to as low as $52,000. 

Bitcoin

This level is not yet fixed and will be remeasured as price action develops, but it represents a possible completion zone for the broader fifth wave. It is important to note that Bitcoin actually managed to hold above $60,000 throughout February, so therefore, the outlook to $52,000 is a worst-case scenario.

Interestingly, the Relative Strength Index indicator on the 4-hour timeframe is trending lower and approaching oversold territory. Tara advised traders to watch for bullish divergence on the RSI during the next drop. A bullish divergence on the RSI could be the first sign of the end of the corrective structure.

Bitcoin Might Register Higher Support At $64,000

Over the past few weeks, the $64,000 region has stood out as a decisive pivot for Bitcoin, repeatedly flipping between support and resistance depending on the direction of price. In a separate update, Tara highlighted that Bitcoin recently backtested the macro 0.5 Fibonacci level at $64,400 as resistance before attempting to push higher.

Reclaiming $64,000 would be an important step toward reversing the current bearish macro trend. At the time of writing, Bitcoin is trading around $68,220, up 4% over the past 24 hours. Even so, there is still a risk of a pullback. 

A drop back below $64,000 would weaken the short-term recovery and could expose the prior swing low at $60,500. On the flip side, bullish momentum would be confirmed if Bitcoin breaks above $70,000.

Bitcoin
Opportunità di mercato
Logo Taraxa Coin
Valore Taraxa Coin (TARA)
$0.00002462
$0.00002462$0.00002462
+21.40%
USD
Grafico dei prezzi in tempo reale di Taraxa Coin (TARA)

World Cup Combo: Aim for 200x

World Cup Combo: Aim for 200xWorld Cup Combo: Aim for 200x

Combine up to 20 World Cup matches in one order

Disclaimer: gli articoli ripubblicati su questo sito provengono da piattaforme pubbliche e sono forniti esclusivamente a scopo informativo. Non riflettono necessariamente le opinioni di MEXC. Tutti i diritti rimangono agli autori originali. Se ritieni che un contenuto violi i diritti di terze parti, contatta crypto.news@mexc.com per la rimozione. MEXC non fornisce alcuna garanzia in merito all'accuratezza, completezza o tempestività del contenuto e non è responsabile per eventuali azioni intraprese sulla base delle informazioni fornite. Il contenuto non costituisce consulenza finanziaria, legale o professionale di altro tipo, né deve essere considerato una raccomandazione o un'approvazione da parte di MEXC.

Potrebbe anche piacerti

Vitalik Buterin Reveals Ethereum’s Bold Plan to Stay Quantum-Secure and Simple!

Vitalik Buterin Reveals Ethereum’s Bold Plan to Stay Quantum-Secure and Simple!

Buterin unveils Ethereum’s strategy to tackle quantum security challenges ahead. Ethereum focuses on simplifying architecture while boosting security for users. Ethereum’s market stability grows as Buterin’s roadmap gains investor confidence. Ethereum founder Vitalik Buterin has unveiled his long-term vision for the blockchain, focusing on making Ethereum quantum-secure while maintaining its simplicity for users. Buterin presented his roadmap at the Japanese Developer Conference, and splits the future of Ethereum into three phases: short-term, mid-term, and long-term. Buterin’s most ambitious goal for Ethereum is to safeguard the blockchain against the threats posed by quantum computing.  The danger of such future developments is that the future may call into question the cryptographic security of most blockchain systems, and Ethereum will be able to remain ahead thanks to more sophisticated mathematical techniques to ensure the safety and integrity of its protocols. Buterin is committed to ensuring that Ethereum evolves in a way that not only meets today’s security challenges but also prepares for the unknowns of tomorrow. Also Read: Ethereum Giant The Ether Machine Takes Major Step Toward Going Public! However, in spite of such high ambitions, Buterin insisted that Ethereum also needed to simplify its architecture. An important aspect of this vision is to remove unnecessary complexity and make Ethereum more accessible and maintainable without losing its strong security capabilities. Security and simplicity form the core of Buterin’s strategy, as they guarantee that the users of Ethereum experience both security and smooth processes. Focus on Speed and Efficiency in the Short-Term In the short term, Buterin aims to enhance Ethereum’s transaction efficiency, a crucial step toward improving scalability and reducing transaction costs. These advantages are attributed to the fact that, within the mid-term, Ethereum is planning to enhance the speed of transactions in layer-2 networks. According to Butterin, this is part of Ethereum’s expansion, particularly because there is still more need to use blockchain technology to date. The other important aspect of Ethereum’s development is the layer-2 solutions. Buterin supports an approach in which the layer-2 networks are dependent on layer-1 to perform some essential tasks like data security, proof, and censorship resistance. This will enable the layer-2 systems of Ethereum to be concerned with verifying and sequencing transactions, which will improve the overall speed and efficiency of the network. Ethereum’s Market Stability Reflects Confidence in Long-Term Strategy Ethereum’s market performance has remained solid, with the cryptocurrency holding steady above $4,000. Currently priced at $4,492.15, Ethereum has experienced a slight 0.93% increase over the last 24 hours, while its trading volume surged by 8.72%, reaching $34.14 billion. These figures point to growing investor confidence in Ethereum’s long-term vision. The crypto community remains optimistic about Ethereum’s future, with many predicting the price could rise to $5,500 by mid-October. Buterin’s clear, forward-thinking strategy continues to build trust in Ethereum as one of the most secure and scalable blockchain platforms in the market. Also Read: Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse? The post Vitalik Buterin Reveals Ethereum’s Bold Plan to Stay Quantum-Secure and Simple! appeared first on 36Crypto.
Condividi
Coinstats2025/09/18 01:22
Drift Sends On-Chain Message to $280M Exploit Wallets

Drift Sends On-Chain Message to $280M Exploit Wallets

Drift Protocol has taken a new step after its recent major exploit. The team has sent on-chain messages to wallets holding the stolen funds. This comes just days
Condividi
Coinfomania2026/04/03 15:41
Hamster Cipher June 15, 2026 Secret Code Drops Win Coins Fast

Hamster Cipher June 15, 2026 Secret Code Drops Win Coins Fast

Hamster Kombat Daily Cipher for June 15, 2026: Today’s Secret Code, How It Works, and Why Players Keep Participating
Condividi
Hokanews2026/06/15 12:40

Score Your Share of 50K USDT

Score Your Share of 50K USDTScore Your Share of 50K USDT

Complete DEX+ tasks to unlock the Champion Wheel