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BTC

88,108.48

+0.69%

Bitcoin, predicting specific price movements, resistance and support zones, and the influence of the M2 money supply. Fast forward to April 21, Bitcoin’s price movements have closely mirrored the analyst’s forecast, lending credibility to the remaining parts of his prediction, previously highlighted a key technical level, the weekly EMA 50, also known as the Golden Line, at approximately $76,000. He expected a bounce from this level, projecting a move to the $87,000 to $88,000 region before another correction, Now that Bitcoin has bounced and is trading above $87,000 again, profit's immediate next target is a potential crash towards $74,000 to $70,000, which is slightly below the highlighted Golden Line. According to the analyst, the market’s behavior at this support zone will be decisive. It is at this zone that the Bitcoin price will reveal its next major directional bias.