Crypto analyst Merlijn, clearly a wizard of the blockchain, has revealed that Bitcoin has just re-entered the DCA zone. For those of us who aren’t up to speed, that means it’s officially time to buy! The world’s favorite digital coin is on yet another rebound, rising to the ever-elusive $70,000 mark, which, if history is any guide, is where the magic (or heartbreak) happens. Get ready, folks.
Bitcoin Reenters DCA Zone As Price Eyes Another Rally
Merlijn took to X (formerly known as Twitter, because apparently we needed another rebrand) to tell us that Bitcoin has sauntered back into the DCA zone, according to the rainbow chart. Now, if you’re wondering, “What is this DCA zone thing?” it’s simple: every time Bitcoin returns here, we’re told to buy, and every time, there’s a massive rally. But, and this is important-retail investors have this weird habit of panicking and selling. You know, the usual. Merlijn assures us that this chart has never been wrong, which is comforting… until it’s wrong.
In another X post (don’t worry, I’m keeping track), Merlijn mentioned that Bitcoin has reached a critical level. The coin is stuck trading within a narrow range between $60,000 and $70,000, and if it can hold strong, it might just hit over $120,000. But, of course, if it doesn’t hold? Well, then we’re looking at a drop that will make you want to hide under your desk and cry into your crypto wallet.
Merlijn, apparently obsessed with history, pointed out that Bitcoin is eerily mimicking the exact pattern of 2021, with the same lower highs and overall vibe. He’s convinced that a final “flush” will happen before the recovery, which is just a fancy way of saying things will get worse before they get better. He claims that $60,000 is the “last line of defense,” which sounds dramatic, but hey, crypto’s all about drama. If Bitcoin drops below that, we’re looking at liquidity clusters, whatever that means.
Remember how Bitcoin had a violent recovery after the last “flush”? Well, Merlijn is certain that history will repeat itself. I mean, why wouldn’t it? Crypto cycles are about as predictable as my laundry schedule. Analysts like Benjamin Cowen are already predicting Bitcoin’s comeback in the latter half of the year. Could this be the start of a 4-year cycle? Only time-and possibly a lot of caffeine-will tell.
Peter Brandt Predicts A Breakout For BTC
And if you’re not already hyped, let me introduce you to Peter Brandt, the granddaddy of crypto traders. Peter, ever the cryptic fortune teller, recently tweeted something about Bitcoin’s daily and weekly charts forming “a Big Banana” and a “Little Banana.” I know, it’s as confusing as it sounds, but bear with me. Apparently, this is code for a breakout. And if we follow his logic, Bitcoin could be heading toward $82,500 by April. So, yeah, we’re in for a wild ride.
But wait, there’s more! Brandt also predicts that Bitcoin could eventually rally to $120,000, and-brace yourself-possibly even $280,000. I mean, who needs reality when we have these numbers? This comes right on the heels of his previous claim that Bitcoin’s rally to $74,000 might signal a major change in price behavior. I don’t know about you, but I’m already putting in my order for a yacht.
As of now, Bitcoin is chilling at about $69,900. It’s up 3% in the last 24 hours, according to CoinMarketCap, which makes it sound like a solid investment… until it doesn’t. We’ll see, won’t we?
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2026-03-10 18:59