Despite Bitcoin edging closer to $70,000, concerns loom around the $64,000 mark. Cryptocurrency analyst Tara warns that the fifth wave for Bitcoin may still be ongoing, suggesting the possibility of a price drop to $52,000. In a recent update on social media platform X, Tara indicated that current market movements could either signal the onset or the concluding phase of a fifth wave decline. Technical analysis reveals significant support for Bitcoin between $59,900 and $60,500, which aligns with previous swing lows and a visible double bottom formation on the 4-hour chart. A recent analysis pointed out that reaching this support area might lead to a bounce, potentially pushing Bitcoin back up to around $64,400, only to face resistance. However, if the macro fifth wave structure remains intact, a final move downward could be on the horizon. It’s essential to recognize that Bitcoin maintained levels above $60,000 throughout February, making the $52,000 scenario a worst-case outlook. Notably, the Relative Strength Index on the 4-hour chart indicates a downward trend and nears oversold levels. Tara suggests watching for bullish divergence on the RSI during a potential decline, which could signal a reversal in the corrective trend. Over the past few weeks, the $64,000 region has emerged as a crucial pivot point for Bitcoin, alternating between support and resistance based on price movements. Tara also mentioned in a separate update that Bitcoin had recently tested the macro 0.5 Fibonacci level at $64,400 as resistance before making another upward attempt. Reclaiming $64,000 would signify a critical step in reversing the current bearish trend. As of the latest updates, Bitcoin is trading around $68,220, reflecting a 4% increase over the past 24 hours, but risks of a pullback loom. A fall below $64,000 could jeopardize the short-term recovery, exposing previous lows at $60,500, while surpassing the $70,000 mark would confirm bullish momentum.<\/p>\n","protected":false},"excerpt":{"rendered":"
Despite Bitcoin edging closer to $70,000, concerns loom around the $64,000 mark. Cryptocurrency analyst Tara warns that the fifth wave for Bitcoin may still be ongoing, suggesting the possibility of a price drop to $52,000. In a recent update on social media platform X, Tara indicated that current market movements could either signal the onset […]<\/p>\n","protected":false},"author":2,"featured_media":5879,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78],"tags":[],"class_list":["post-5880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-1"],"translation":{"provider":"WPGlobus","version":"3.0.0","language":"de","enabled_languages":["en","de","ja","vi","ms"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"de":{"title":false,"content":false,"excerpt":false},"ja":{"title":false,"content":false,"excerpt":false},"vi":{"title":false,"content":false,"excerpt":false},"ms":{"title":false,"content":false,"excerpt":false}}},"rttpg_featured_image_url":{"full":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2026\/02\/news_image_2-8.png",1024,1024,false],"landscape":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2026\/02\/news_image_2-8.png",1024,1024,false],"portraits":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2026\/02\/news_image_2-8.png",1024,1024,false],"thumbnail":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2026\/02\/news_image_2-8-150x150.png",150,150,true],"medium":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2026\/02\/news_image_2-8-300x300.png",300,300,true],"large":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2026\/02\/news_image_2-8.png",1024,1024,false],"1536x1536":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2026\/02\/news_image_2-8.png",1024,1024,false],"2048x2048":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2026\/02\/news_image_2-8.png",1024,1024,false],"blog-thumb":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2026\/02\/news_image_2-8-530x250.png",530,250,true],"blog-full":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2026\/02\/news_image_2-8-1024x450.png",1024,450,true]},"rttpg_author":{"display_name":"MUHAMMAD ISMAIL","author_link":"https:\/\/globalcryptoguru.com\/de\/author\/ai-news-automation\/"},"rttpg_comment":0,"rttpg_category":"News 1<\/a>","rttpg_excerpt":"Despite Bitcoin edging closer to $70,000, concerns loom around the $64,000 mark. Cryptocurrency analyst Tara warns that the fifth wave for Bitcoin may still be ongoing, suggesting the possibility of a price drop to $52,000. In a recent update on social media platform X, Tara indicated that current market movements could either signal the onset…","_links":{"self":[{"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/posts\/5880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/comments?post=5880"}],"version-history":[{"count":1,"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/posts\/5880\/revisions"}],"predecessor-version":[{"id":5881,"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/posts\/5880\/revisions\/5881"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/media\/5879"}],"wp:attachment":[{"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/media?parent=5880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/categories?post=5880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/tags?post=5880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}