We continue to provide predictions from Bitcoin analysts. BTC made a significant rise yesterday. Now everyone is wondering what will happen next. Let’s see what levels analysts have ticked.
Crypto Tony is waiting for this level for Bitcoin
Crypto Tony (@CryptoTony_), a respected analyst on Twitter, offers his prediction. Accordingly, Bitcoin is poised to reach $32,000 in the short term. This prediction is based on the observed strong breakout and significant bullish flag consolidation. These indicators show that significant buying forces are at play, providing a solid foundation for Bitcoin’s upward momentum.
Famous trader Michaël van de Poppe also shares a similar perspective on Bitcoin dominance. He believes that Bitcoin dominance has room for growth before it reaches a critical level of resistance. This projection indicates that Bitcoin’s market share in the cryptocurrency market will continue to expand. Michaël van de Poppe predicts a correction in the price of Bitcoin up to $28,000. He believes that after that, a price increase will come.
Jason Pizzino’s prediction
Respected crypto strategist Jason Pizzino shared his views on Bitcoin’s current position in the market. Pizzino, which has 285,000 subscribers on YouTube, is calling out to them. He believes that Bitcoin is approaching a significant uptrend as it enters the next stages of the Wyckoff accumulation scheme. This accumulation pattern shows that Bitcoin is setting the stage for an upcoming bull market.
According to Jason Pizzino, Bitcoin is probably in Phase D of the Wyckoff accumulation scheme. This phase begins with a rally to the top of the trading range. It is then characterized by a pullback to an important support level. Bitcoin rallied as high as $30,000 before falling below $25,000. This has shown the typical behavior of Stage D.
Pizzino emphasizes that the current state of Bitcoin, whether in Phase D or Phase E, remains bullish. Pizzino points out that the market is now in a reaccumulation zone. He also believes it offers an opportunity to enter the market for those who may have missed previous price movements.
In the Wyckoff Method, Stage E represents a stage when an asset rises above its trading range. Accordingly, this indicates that demand is under full control. This phase signifies a strong shift towards bullish momentum and further price increases.
Analysis by John Bollinger and Dave the Wave
The leading cryptocurrency Bitcoin recently experienced an unexpected increase. BTC broke the $30,000 price barrier. This move caught the attention of veteran trader John Bollinger, who commented on Bitcoin’s momentum. “The first pattern failed, but the second did not,” Bollinger said. Bollinger’s assessment reveals the possibility of a continuation of the upward move for Bitcoin. It also instills optimism among investors.
Adding to the controversy surrounding Bitcoin’s volatility, Dave the Wave also comments. He shared a tweet detailing his analysis of Bitcoin’s monthly moving average convergence divergence (MACD). According to Dave’s analysis, a bullish trend is seen after nearly two years. While these patterns may seem complicated to some, Dave the Wave’s analysis is in line with Bollinger’s prediction. It also supports the idea of further growth of BTC.
In recent tweets, a prominent crypto analyst and CEO shared bullish predictions for Bitcoin (BTC), predicting key price targets and a reduction in market declines. As BTC is trading above $30,000 at the time of this writing, technical indicators are pointing to further price increases in the next 24 hours. This article reviews experts’ opinions, analyzes BTC’s recent performance, and highlights key support and resistance levels to watch.
Samson Mow puts a different emphasis
Yesterday, veteran crypto analyst Samson Mow highlighted on Twitter the recent recovery momentum of Bitcoin’s price. Accordingly, he revealed his strong belief that BTC could rise to $36,000 – $40,000. Impressively, this analyst predicted this upward move as early as December 2022.
In another tweet, Samson Mow, CEO of multiple crypto projects, shared his perspective on the future of BTC. Mow predicts that the phenomenon of “hyperbitcoinization” will lead to a reduction in price drops for BTC as its widespread adoption and bringing billions of people to the Bitcoin Standard.
Markus Thielen’s view on the market position of Bitcoin BTC
Matrixport Research Manager Markus Thielen highlighted Bitcoin’s performance on its 200-day moving average. He pointed out that Bitcoin has been consistently trading above this level since the beginning of January. He also stated that this also indicates a bullish market sentiment. Thielen observed that even during the US banking crisis in March, Bitcoin briefly touched the 200-day moving average, but managed to recover, confirming that the bull market continues.
cryptocoin.comLooking at it as a whole, Thielen also pointed to Bitcoin’s “high-low” formation, noting that it points to positive momentum and a potential rise to $35,000, followed by pullbacks to $30,000 before an attempt to reach $40,000.
