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- Analyst reveals that Bitcoin still looks strong across all timeframes.
- He goes on to share the many indicators that point to Bitcoin being bullish.
- No sense in selling BTC at the moment, he encourages holders to keep holding BTC.
Bitcoin still looks strong across all timeframes, reveals a reputed and seasoned crypto analyst and trader. He goes on to say that respecting key weekly moving averages is crucial and a healthy volatility bull trend is on the horizon. He concludes that there is no reason to be bearish and spurs positive sentiment and expectation for Bitcoin and the crypto market as the price of BTC continues to try to break past the $90,000 price target.
Bitcoin Still Looks Strong Across All Timeframes
#Bitcoin still looks strong across all timeframes. It’s respecting key weekly moving averages like the 21W EMA and 50W SMA.
Even with recent dips, we haven’t broken below last year’s support at $71K–$73K. This is just healthy volatility in a bull trend.
There’s no reason to be… pic.twitter.com/XVXcPGnidw
— VirtualBacon
(@VirtualBacon0x) March 27, 2025
As we can see from the post above, the popular crypto trader and analyst, VirtualBacon shares his take on the current crypto market. Despite many calls for altcoins to take over and for Bitcoin Dominance pumping towards an eventual collapse, this analyst remains bullish on Bitcoin and the larger crypto market stating that there is no reason to be bearish and shares bullish insights from the current BTC price chart.
To begin, the analyst says that Bitcoin is not in any sort of worry and says that in comparison to the last 2-2.5 years, Bitcoin is actually performing within a solid uptrend in the daily and weekly time frames. After confirming that Bitcoin looks strong across all timeframes, he reveals what traders should be looking at now to anticipate when the next pump will appear. Here, he highlights the weekly moving averages of the 21-week EMA and 20-week SMA.
He marks these are major indicators for the long-term support level. In particular, for the pioneer crypto asset Bitcoin (BTC), based on these long-term support indicators, the analyst says that both indicators show that despite the recent dips both indicators depict how BTC hasn’t broken below last year’s support between $71,000 and $73,000 despite the many dips so far. Most notably, BTC price dipped as low as $76,000 showing strong support and resilience for BTC Dominance holding strong, and for BTC price to pump.
No Sense in Selling BTC Says Analyst Ultimately, despite the many volatile corrections in this cycle, its all about respecting the volatility of this cycle and confirming that Bitcoin is still most certainly in an uptrend. He says there is a lot of support at the moment for Bitcoin and that it makes no sense to sell any Bitcoin holdings and encourages all traders and BTC investors to continue to hold their Bitcoin, or even accumulate more before the bullish trend takes BTC price back to above the $90,000 price range.
