Add as a preferred source on GoogleAnsem Sets Bitcoin (BTC) Bearish and Bullish Thresholds at $57,000 and $82,000
He closed his short position Saturday and expects Bitcoin to move sideways before its next clear trend move.
Crypto trader Ansem said a move below $57,000 would make him extremely bearish on Bitcoin, while a higher-time-frame break above $82,000 would turn him extremely bullish.
Ansem said he flagged Bitcoin’s price range about 10 days ago and hopes its low end holds. He closed his short position Saturday and expects Bitcoin to move sideways before its next clear trend move.
The thresholds add specific levels to Ansem’s earlier near-term bearish view on Bitcoin, Ether and large-cap stocks. He has said he expects risk assets to face difficulty in the fourth quarter of 2026 and believes the crypto market has not yet reached a bottom.
Ansem said the bull market could regain momentum around the second quarter of 2027 if the relevant lows hold. If Bitcoin breaks below those lows and continues setting new lows, he said, recovery could take longer. He said he is watching how Bitcoin behaves at the two thresholds before becoming more optimistic.