As most cryptocurrencies are slowly starting to recover from the шок узроковано ФТКС collapse, Bitcoin (BTC) is no exception, and its supporters refuse to stop believing in its буллисх future, convinced by positive price indicators.
Indeed, experts over at the crypto analytics firm ТрадингСхот have (имати) осматран an “interesting fractal analysis on different time-frames showing that if Bitcoin holds last week’s low, a strong rally in 2023 is possible.”
Specifically, the level that the experts said Bitcoin is supposed to hold for the said rally to be possible stands at above $16,628. If it does, the fractal analysis sees a bullish potential increase, perhaps even to $95,000 by 2024.
What do other indicators suggest?
Још једна позитивна техничка анализа (TA) indicator is the 200-week покретни просек (MA), which for Bitcoin has remained positive, as prominent pseudonymous Bitcoin analyst and Dutch institutional investor known as План Б истакао у новембру КСНУМКС.
The analyst’s chart demonstrates Bitcoin’s price has stayed above the 200-week MA throughout the hardships that have engulfed the крипто тржиште in recent months, including “another year, another exchange default,” as План Б noted, referring to the FTX liquidity crisis.
In a comment to the tweet, he also stressed:
More optimism in crypto sector
У исто време, други псеудонимни крипто аналитичар, Мустацхе, има напоменути that Bitcoin was close to touching the trendline that “has already held for 5.5 years,” as he illustrated on a chart.
Optimism was also expressed by Robert Kiyosaki, the author of the књига о личним финансијама 'Богати тата, сиромашни тата', who said he was “не забринути” about the decentralized finance (дефи) token’s price movements.
У међувремену, Тесла (НАСДАК: ТСЛА) CEO and new Twitter (NYSE: ТВТР) owner Elon Musk is also уверен that Bitcoin would survive the медвед тржиште, although he warned that it would be long before the asset realizes its full potential.
Bad signs stacking up against Bitcoin?
On the other hand, it is not all roses for the flagship digital asset, as analyst гходдусифар овер ат ЦриптоКуант Приметио that “despite the relative gains in US резерве, Bitcoin lost a very important support level,” which “was the ATH of the previous cycle.”
As the analyst stressed:
“So far, there is no record of Bitcoin returning below the ATH of its previous cycle. This could indicate weakness in the cryptocurrency market in the near future and further price reductions in them.”
Earlier, Bitcoin’s at-the-money (ATM) implied volatility (IV) more than doubled during the last week, mimicking the movements of the FTX Token (ФТТ) at the time, while its индекс релативне чврстоће (RSI) had dropped to its weakest in history.
At press time, Bitcoin was changing hands at $16,763, recording a minor gain of 0.41% on the day while losing 19.10% across the week, according to data retrieved by Финболд у новембру КСНУМКС.
In the meantime, Finbold has compiled three key tips on surviving the market crash, as provided by a former stockbroker commonly known as the “Wolf of Wall Street,” Jordan Belfort, including taking a three- or four-year horizon, not looking beyond Bitcoin and Ethereum (ETH), and not playing into the panic.
odricanje: Садржај на овом сајту не треба сматрати саветом за инвестирање. Улагање је шпекулативно. Када инвестирате, ваш капитал је у опасности.
Source: https://finbold.com/whats-ahead-for-bitcoin-in-2023-analysts-share-positive-indicators/