Bitcoin: Capitulation Marks Bear Market Bottom
Bitcoin newbie capitulation hits as Coinbase dominance surges with negative premium at $79166.67 price amid 4h chart confluence.
SourceAnalysis
Bitcoin capitulation arrives as the final phase of every bear market, with Coinbase dominance surging while the premium stays negative and paper hands at ETFs plus institutions sell the bottom.
Price action at $79166.67 sits inside Bollinger Bands with upper resistance at $80482.07 and lower support at $75663.89, holding above the EMA50 level of $74272.21 in a bullish structure yet facing a MACD death cross at 1614.42 that warns of near-term exhaustion before any continuation toward the next BTC price prediction leg or fresh crypto market crash volatility.
Ki Young Ju
@ki_young_juFounder & CEO of CryptoQuant.com