Bitcoin’s market structure is showing signs of cycle alignment that could delay a true bottom until October. As technical signals converge, the focus shifts to whether this timing will mark a deeper continuation of the correction or the groundwork for a stronger rebound.
Macro Picture Remains Bearish With $99,000 Target
In a new insight shared on X, analyst TARA provided an update on Bitcoin’s price action, stating that “the fight continues” and that the internal “waves are such a mess right now.” The current situation reflects a highly complex market environment where the short-term and mid-term technical signals are contradictory: the immediate trend is categorized as bullish, while the medium-term outlook remains bearish.
The analyst noted that Bitcoin found support at a critical technical cluster defined by a 0.618 extension and a specific 0.854 support level, a confluence that indicates buyers stepped in decisively. TARA emphasizes the significance of this
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