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Crypto analyst Jordan has predicted that Bitcoin could rally to $80,000 in the short term, pointing to a bullish trend that began in February. Jordan said the move could be supported by how BTC has reacted when it tested support in the lower $60,000 range.
Jordan noted that the bullish setup started around the time BTC formed a new local low of $60,000. Since then, Bitcoin has rebounded to as high as $76,000.
The analyst said BTC has bounced every time the price has tested support in the lower $60,000 range.
Jordan also cited a comparison to prior bull-run cycles, stating that a specific “cross” marked the start of bull runs in 2015, 2019, and 2023. According to Jordan, that cross has not yet occurred this time.
Jordan further said the stochastic RSI is resetting again, with the setup building but the signal not yet triggering. He added that this suggests Bitcoin could still drop lower.
Jordan said it is not yet the time to buy BTC, arguing that the price has not yet bottomed. He highlighted that the 2-month stochastic RSI bullish cross has historically marked the best buying opportunities in each cycle.
Under the pattern Jordan described, momentum resets below 20, sentiment turns negative, and a bullish cross later confirms the shift.
At the time of writing, Bitcoin was trading at around $66,800, up over the last 24 hours, according to CoinMarketCap data. The article also referenced BTC trading at $66,960 on the 1D chart.
In brief\n\nBitcoin dropped to about $93,000, falling back below the EMA50 and putting its recent golden cross at risk of invalidation. The global crypto market cap stands at $3.15 trillion, down 2.38% in 24 hours. On Myriad Markets, 82% of the money is betting on Bitcoin pumping to $100K before…
