03-11-2025, 09:05 PM
Bitcoin price bounces 4% as data gives ‘89% chance’ stocks bottom is in
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NTdiYTUtODAwZS03ZGRhLWJkMDItODUxYmFhZDYwOGFm.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NTdiYTUtODAwZS03ZGRhLWJkMDItODUxYmFhZDYwOGFm.jpg" alt="Bitcoin price bounces 4% as data gives ‘89% chance’ stocks bottom is in"></p><p>Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) rebounded above $81,000 on March 11 as US stocks’ futures sought relief from a brutal sell-off.<figure><img alt="Bitcoin price bounces 4% as data gives ‘89% chance’ stocks bottom is in" src="https://s3.cointelegraph.com/uploads/2025-03/0195847e-a89e-7c57-81f1-5c15333024c0" title=""><figcaption style="text-align: center;"><p><em>BTC/USD 1-hour chart. Source: Cointelegraph/TradingView</em></p></figcaption></figure><h2>BTC price bounces back amid calls for short squeeze</h2><p>Data from <a data-ct-non-breakable="null" href="https://subscription.cointelegraph.com/?_gl=1*7499wx*_ga*MTQ0MzQ0NzI4Ny4xNzE2MzY1NTA0*_ga_53R24TEEB1*MTcxNjM2NTUwNC4xLjEuMTcxNjM2Njg2MC4wLjAuMA.." rel="null" target="null" text="null" title="null">Cointelegraph Markets Pro</a> and <a data-ct-non-breakable="null" href="https://www.tradingview.com/symbols/BTCUSD/?exchange=BITSTAMP" rel="null" target="null" text="null" title="null">TradingView</a> showed daily BTC price gains approaching 4%.</p><p><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/investors-skitter-off-risk-assets-jpmorgan-raises-recession-chances" rel="null" target="null" text="null" title="null">New four-month lows</a> had accompanied the previous day’s Wall Street trading session as recession fears sent risk-asset investors fleeing.</p><p>The S&P 500 and Nthanksaq Composite Index finished the day down 2.7% and 4%, respectively. At the time of writing, Nthanksaq 100 futures had recovered around 0.4% from a trip to their lowest levels since September 2024.</p><p>Commenting, trading resource The Kobeissi Letter suggested that markets had entered an unsustainable downtrend.</p><p>“Are we overdue for a massive short squeeze?” it queried in a <a data-ct-non-breakable="null" href="https://x.com/KobeissiLetter/status/1899306301500309533" rel="null" target="null" text="null" title="null">thread on X</a>, noting risk-asset sentiment in “extreme fear” territory.</p><blockquote>“Even bears who are calling for a prolonged bear market would need to see some relief rallies. Markets do not move in a straight-line long-term. Eventually, a (tradable) short squeeze is inevitable.”</blockquote><figure><img alt="Bitcoin price bounces 4% as data gives ‘89% chance’ stocks bottom is in" src="https://s3.cointelegraph.com/uploads/2025-03/01958479-56e6-7963-83e7-9fc39aba5bcf" title=""><figcaption style="text-align: center;"><p><em>Nthanksaq 100 futures 1-day chart. Source: Cointelegraph/TradingView</em></p></figcaption></figure><p>Kobeissi and others referenced unusually high readings from the VIX volatility index while making the case for a sustained recovery.</p><p>“$VIX has only been higher 11% of the time, going back to 1990,” network economist Timothy Peterson, <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-metric-called-2020-bull-run-69k-new-bottom" rel="null" target="null" text="null" title="null">creator of several</a> Bitcoin price forecasting tools, <a data-ct-non-breakable="null" href="https://x.com/nsquaredvalue/status/1899251299851358483" rel="null" target="null" text="null" title="null">continued</a>.</p><blockquote>“Put another way, there is an 89% chance that today was the bottom.”</blockquote><figure><img alt="Bitcoin price bounces 4% as data gives ‘89% chance’ stocks bottom is in" src="https://s3.cointelegraph.com/uploads/2025-03/01958479-ea02-7068-898f-6a5866adcbd7" title=""><figcaption style="text-align: center;"><p><em>VIX volatility index. Source: Timothy Peterson/X</em></p></figcaption></figure><h2>Bitcoin analysis sees “very rough time” ahead</h2><p>Bitcoin thus saw some much-needed upside on short timeframes after reaching $76,600 on Bitstamp.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/biggest-red-weekly-candle-ever-5-things-bitcoin-this-week" rel="null" target="null" text="null" title="null"><em><strong>Biggest red weekly candle ever: 5 things to know in Bitcoin this week</strong></em></a></p><p>“$BTC just had a bullish divergence on the 4H timeframe,” trader Cas Abbe <a data-ct-non-breakable="null" href="https://x.com/cas_abbe/status/1899381979482624128" rel="null" target="null" text="null" title="null">said</a> while analyzing relative strength index (RSI) signals. </p><blockquote>“I'm not saying this is the reversal but a short-term pump looks imminent now.”</blockquote><figure><img alt="Bitcoin price bounces 4% as data gives ‘89% chance’ stocks bottom is in" src="https://s3.cointelegraph.com/uploads/2025-03/0195847b-24a5-76e5-b1ba-9ef81e570af7" title=""><figcaption style="text-align: center;"><p><em>BTC/USD 4-hour chart with RSI data. Source: Case Abbe/X</em></p></figcaption></figure><p>Previously, trader and analyst Rekt Capital told X followers to <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-nears-78k-lows-us-stocks-dive-wall-street-open" rel="null" target="null" text="null" title="null">watch for similar RSI cues</a> from the daily chart to confirm a more sustainable BTC price comeback.</p><p>Zooming out, other popular crypto market participants remained gloomy. Among them was the pseudonymous X trader HTL-NL, who <a data-ct-non-breakable="null" href="https://x.com/htltimor/status/1899104449265869285" rel="null" target="null" text="null" title="null">concluded</a> that BTC/USD was unlikely to match all-time highs.</p><figure><img alt="Bitcoin price bounces 4% as data gives ‘89% chance’ stocks bottom is in" src="https://s3.cointelegraph.com/uploads/2025-03/0195847a-84d3-77d4-882e-31134b85c65d" title=""><figcaption style="text-align: center;"><p><em>BTC/USDT 1-day chart. Source: HTL-NL/X</em></p></figcaption></figure><p>“Before anyone of you think this is specifically happening in crypto: it’s not,” another of his latest posts <a data-ct-non-breakable="null" href="https://x.com/htltimor/status/1899293796166496429" rel="null" target="null" text="null" title="null">said</a> alongside a chart of S&P 500 futures. </p><blockquote>“It happens to all risk off assets. It’s called a recession probably. US is in for a very tough time.”</blockquote><figure><img alt="Bitcoin price bounces 4% as data gives ‘89% chance’ stocks bottom is in" src="https://s3.cointelegraph.com/uploads/2025-03/0195847b-b3c2-7995-baf7-a98bcf83c086" title=""><figcaption style="text-align: center;"><p><em>S&P 500 futures 1-day chart. Source: HTL-NL/X</em></p></figcaption></figure><p class="post-content__disclaimer" type="">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.</p><template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template></p>
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https://cointelegraph.com/news/bitcoin-p...er_inbound
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NTdiYTUtODAwZS03ZGRhLWJkMDItODUxYmFhZDYwOGFm.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NTdiYTUtODAwZS03ZGRhLWJkMDItODUxYmFhZDYwOGFm.jpg" alt="Bitcoin price bounces 4% as data gives ‘89% chance’ stocks bottom is in"></p><p>Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) rebounded above $81,000 on March 11 as US stocks’ futures sought relief from a brutal sell-off.<figure><img alt="Bitcoin price bounces 4% as data gives ‘89% chance’ stocks bottom is in" src="https://s3.cointelegraph.com/uploads/2025-03/0195847e-a89e-7c57-81f1-5c15333024c0" title=""><figcaption style="text-align: center;"><p><em>BTC/USD 1-hour chart. Source: Cointelegraph/TradingView</em></p></figcaption></figure><h2>BTC price bounces back amid calls for short squeeze</h2><p>Data from <a data-ct-non-breakable="null" href="https://subscription.cointelegraph.com/?_gl=1*7499wx*_ga*MTQ0MzQ0NzI4Ny4xNzE2MzY1NTA0*_ga_53R24TEEB1*MTcxNjM2NTUwNC4xLjEuMTcxNjM2Njg2MC4wLjAuMA.." rel="null" target="null" text="null" title="null">Cointelegraph Markets Pro</a> and <a data-ct-non-breakable="null" href="https://www.tradingview.com/symbols/BTCUSD/?exchange=BITSTAMP" rel="null" target="null" text="null" title="null">TradingView</a> showed daily BTC price gains approaching 4%.</p><p><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/investors-skitter-off-risk-assets-jpmorgan-raises-recession-chances" rel="null" target="null" text="null" title="null">New four-month lows</a> had accompanied the previous day’s Wall Street trading session as recession fears sent risk-asset investors fleeing.</p><p>The S&P 500 and Nthanksaq Composite Index finished the day down 2.7% and 4%, respectively. At the time of writing, Nthanksaq 100 futures had recovered around 0.4% from a trip to their lowest levels since September 2024.</p><p>Commenting, trading resource The Kobeissi Letter suggested that markets had entered an unsustainable downtrend.</p><p>“Are we overdue for a massive short squeeze?” it queried in a <a data-ct-non-breakable="null" href="https://x.com/KobeissiLetter/status/1899306301500309533" rel="null" target="null" text="null" title="null">thread on X</a>, noting risk-asset sentiment in “extreme fear” territory.</p><blockquote>“Even bears who are calling for a prolonged bear market would need to see some relief rallies. Markets do not move in a straight-line long-term. Eventually, a (tradable) short squeeze is inevitable.”</blockquote><figure><img alt="Bitcoin price bounces 4% as data gives ‘89% chance’ stocks bottom is in" src="https://s3.cointelegraph.com/uploads/2025-03/01958479-56e6-7963-83e7-9fc39aba5bcf" title=""><figcaption style="text-align: center;"><p><em>Nthanksaq 100 futures 1-day chart. Source: Cointelegraph/TradingView</em></p></figcaption></figure><p>Kobeissi and others referenced unusually high readings from the VIX volatility index while making the case for a sustained recovery.</p><p>“$VIX has only been higher 11% of the time, going back to 1990,” network economist Timothy Peterson, <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-metric-called-2020-bull-run-69k-new-bottom" rel="null" target="null" text="null" title="null">creator of several</a> Bitcoin price forecasting tools, <a data-ct-non-breakable="null" href="https://x.com/nsquaredvalue/status/1899251299851358483" rel="null" target="null" text="null" title="null">continued</a>.</p><blockquote>“Put another way, there is an 89% chance that today was the bottom.”</blockquote><figure><img alt="Bitcoin price bounces 4% as data gives ‘89% chance’ stocks bottom is in" src="https://s3.cointelegraph.com/uploads/2025-03/01958479-ea02-7068-898f-6a5866adcbd7" title=""><figcaption style="text-align: center;"><p><em>VIX volatility index. Source: Timothy Peterson/X</em></p></figcaption></figure><h2>Bitcoin analysis sees “very rough time” ahead</h2><p>Bitcoin thus saw some much-needed upside on short timeframes after reaching $76,600 on Bitstamp.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/biggest-red-weekly-candle-ever-5-things-bitcoin-this-week" rel="null" target="null" text="null" title="null"><em><strong>Biggest red weekly candle ever: 5 things to know in Bitcoin this week</strong></em></a></p><p>“$BTC just had a bullish divergence on the 4H timeframe,” trader Cas Abbe <a data-ct-non-breakable="null" href="https://x.com/cas_abbe/status/1899381979482624128" rel="null" target="null" text="null" title="null">said</a> while analyzing relative strength index (RSI) signals. </p><blockquote>“I'm not saying this is the reversal but a short-term pump looks imminent now.”</blockquote><figure><img alt="Bitcoin price bounces 4% as data gives ‘89% chance’ stocks bottom is in" src="https://s3.cointelegraph.com/uploads/2025-03/0195847b-24a5-76e5-b1ba-9ef81e570af7" title=""><figcaption style="text-align: center;"><p><em>BTC/USD 4-hour chart with RSI data. Source: Case Abbe/X</em></p></figcaption></figure><p>Previously, trader and analyst Rekt Capital told X followers to <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-nears-78k-lows-us-stocks-dive-wall-street-open" rel="null" target="null" text="null" title="null">watch for similar RSI cues</a> from the daily chart to confirm a more sustainable BTC price comeback.</p><p>Zooming out, other popular crypto market participants remained gloomy. Among them was the pseudonymous X trader HTL-NL, who <a data-ct-non-breakable="null" href="https://x.com/htltimor/status/1899104449265869285" rel="null" target="null" text="null" title="null">concluded</a> that BTC/USD was unlikely to match all-time highs.</p><figure><img alt="Bitcoin price bounces 4% as data gives ‘89% chance’ stocks bottom is in" src="https://s3.cointelegraph.com/uploads/2025-03/0195847a-84d3-77d4-882e-31134b85c65d" title=""><figcaption style="text-align: center;"><p><em>BTC/USDT 1-day chart. Source: HTL-NL/X</em></p></figcaption></figure><p>“Before anyone of you think this is specifically happening in crypto: it’s not,” another of his latest posts <a data-ct-non-breakable="null" href="https://x.com/htltimor/status/1899293796166496429" rel="null" target="null" text="null" title="null">said</a> alongside a chart of S&P 500 futures. </p><blockquote>“It happens to all risk off assets. It’s called a recession probably. US is in for a very tough time.”</blockquote><figure><img alt="Bitcoin price bounces 4% as data gives ‘89% chance’ stocks bottom is in" src="https://s3.cointelegraph.com/uploads/2025-03/0195847b-b3c2-7995-baf7-a98bcf83c086" title=""><figcaption style="text-align: center;"><p><em>S&P 500 futures 1-day chart. Source: HTL-NL/X</em></p></figcaption></figure><p class="post-content__disclaimer" type="">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.</p><template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template></p>
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https://cointelegraph.com/news/bitcoin-p...er_inbound