- Reputed Bitcoin and crypto expert just set long orders.
- Orders set between $80,000 – $84,000 for a close between $90,000 – $104,000.
- Can altseason occur during this pump, or will the next leg down play out first?
The price of BTC has been continually falling this week, starting with the price dipping below the $90,000 price range earlier this week, and seeing another dip that took the price of BTC to the $86,000 price level. Currently, traders are taking advantage of the sideways movement to make gains and take profits. A reputed Bitcoin and crypto expert just set long orders between $80,000 – $84,000.
Reputed Bitcoin and Crypto Expert Just Set Long Orders for BTC
Ever since the pioneer crypto asset, Bitcoin (BTC), set its latest ATH price in October 2025, sentiments took a complete turn, where it went from bullish hopes to much higher ATH targets to watching the price of BTC fall repeatedly. First, the price of BTC went on to lose its 6-digit prices, until it sank to the $90,000 price range. After weeks of sideways movement, the asset is now trading below the $80,000 price range.
So far, the price of BTC has not fallen below $80,000, which leads many bullish analysts to believe that the market is in a correction phase, rather than a bear market. Presently, BTC is trading in the $86,000 price range, leading some opportunistic traders and seasoned analysts to take a risky move and play the market. If the price of BTC is to swing upward going forward, then profits can be made here.
Long Orders Set Between $80,000 – $84,000
Thus, a handful of crypto traders and analysts are taking a risk and placing long orders between the $80,000 and $84,000 price range. They hope to make a profit here and sell around the $90,000 – $104,000 price range, which will be determined once the sideways pump takes place. One analyst in particular shares his moves and reveals the reasoning behind this latest long trade strategy.
As we can see from the post above, the analyst says that he remains bearish mid-term, but sees a bullish setup forming for the short-term. To highlight, he marks that Bitcoin is sitting exactly on the MA100 weekly, which is a huge short-term support. Breaking this support will not be easy, meaning a break will occur only after testing the upward resistance, which is the MA50 weekly.
He also states that there is not enough liquidity in the downside to justify the start of the next move down. Market makers need to create more liquidity on the downside before the next leg down can begin. The analyst concludes by saying that after the break, the next move will take BTC down to the $68,000 – $74,000 price range. Will this mark the start of the bear market, and can altseason take place before it?
