Two Analysts Said, "The First Signs That the Bearish Sentiment in Bitcoin Is Diminishing Have Arrived," They Shared What They Expect Next and Important Price Levels!

Crypto analyst Ali Martinez shared his new insights containing the latest predictions about the market.

According to Martinez, Bitcoin (BTC) price may be forming a rising wedge pattern at the moment and is signaling that the level of 79,000 dollars could be retested.

At the time this article is written, the BTC price is trading at $84,430.

On the other hand, the analyst stated that the critical resistance level for Bitcoin is 86,000 dollars, and in the case of a rejection from this level, the path would return to 79,000 dollars, while if this level is surpassed, the way would lead to 97,000 dollars.

However, Joao Wedson, the CEO of the crypto analysis company Alphractal, stated in his announcement that the difference between the futures price and the spot price of Bitcoin has decreased, and this could be an optimistic sign.

According to Wedson, the current difference is still negative, reflecting the selling pressure in the futures market. However, this difference has started to close. According to the analyst, this could be the first sign that the bearish sentiment is beginning to diminish. The analyst explained the historical significance of this metric as follows:

Historically, when the Futures - Spot Range turns positive, it usually occurs before a strong BTC rally. We saw this in 2020-2021 when (BTC rose from around 10 thousand dollars to 65 thousand dollars) and again in 2024 when we saw (90 thousand dollars). A positive range indicates that traders are willing to pay a premium in futures and reflects ongoing confidence in upward movement.