Bitcoin looks 'ridiculous' as bulls attempt $2T market cap flip — Analyst

Quick Summary:

As Cointelegraph reported, the event was well supported by onchain reversal signals, with the Hash Ribbons indicators delivering a rare “buy” signal shortly beforehand.”Honestly ridiculous”Bitcoin meanwhile continues to field bullish price prognoses from longtime traders and analysts, who agree that the current slowdown is a stepping stone on the way to a rematch with all-time highs near $110,000.

Bitcoin’s market cap is now fighting to flip the $2 trillion mark from resistance back into firm support after losing it at the start of February, data from Cointelegraph Markets Pro and TradingView confirms.“Bitcoin is currently at 2 tril resistance btw, its not just 100k,” he told X followers.

Do an exercise and look at other assets; they all do similar stuff,” Filbfilb continued, referring to the psychological significance of round-number price points.“Burn the round number after ages of resistance to liquidate shorts, come back to the 80s, then find expansion later.

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Article Details

Author / Journalist: Cointelegraph by William Suberg

Category: Crypto

Markets: United States

Topics: Market Filbfilb $100 Says Resistance Analyst Support Bullish Chart Price Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-15 @ 09:21:54 (22 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 469 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 28726895

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