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Bullish
The analyst who predicted Bitcoin's $89,000 crash reveals its future
Crypto expert accurately forecasted the BTC drop to $89,000 and where it may go next. The expert also stated why the flagship crypto's positive outlook might lead to greater increases.
Bitcoin Price Forecast
The Bitcoin price might rise 17% to $110,000, according to MadWhale's TradingView report. The expert predicted a bright crypto industry. Post-holiday market volume surges frequently induce price dips, he noted.
MadWhale said that this surge indicates investor interest, which might lead to price increases. He anticipated that Bitcoin will reach fresh all-time highs. The analyst found strong technical support on the charts. The flagship crypto may earn 17% if rising momentum continues.
The analyst's graphic predicted a Bitcoin price surge of $110,000 this month. This estimate is optimistic after the BTC meltdown. Bitcoin fell to $89,000 yesterday amid market volatility.
This market instability is linked to macro events like December employment data. After solid US employment statistics, traders expect just one Fed rate decrease this year, which is bad for Bitcoin and the crypto market. However, Donald Trump's inauguration bodes well for the flagship crypto.
A bullish reversal is underway
According to crypto researcher Jelle, Bitcoin is about to reverse bullishly. He said Bitcoin eliminated downside liquidity and rose beyond $94,000. The crypto researcher said the flagship coin is currently facing opposition at its 200-day Exponential Moving Average (EMA) and a level it has struggled with.
Jelle said Bitcoin will reach new highs if it broke $97,000. He said BTC wants to break the weekly falling wedge in another X post. The crypto expert estimated this formation's objective at $130,000.
#USPPITrends #DollarRally110 #AltcoinBoom #GuessBTCsBottom #10DaysToTrump $BTC
Crypto expert accurately forecasted the BTC drop to $89,000 and where it may go next. The expert also stated why the flagship crypto's positive outlook might lead to greater increases.
Bitcoin Price Forecast
The Bitcoin price might rise 17% to $110,000, according to MadWhale's TradingView report. The expert predicted a bright crypto industry. Post-holiday market volume surges frequently induce price dips, he noted.
MadWhale said that this surge indicates investor interest, which might lead to price increases. He anticipated that Bitcoin will reach fresh all-time highs. The analyst found strong technical support on the charts. The flagship crypto may earn 17% if rising momentum continues.
The analyst's graphic predicted a Bitcoin price surge of $110,000 this month. This estimate is optimistic after the BTC meltdown. Bitcoin fell to $89,000 yesterday amid market volatility.
This market instability is linked to macro events like December employment data. After solid US employment statistics, traders expect just one Fed rate decrease this year, which is bad for Bitcoin and the crypto market. However, Donald Trump's inauguration bodes well for the flagship crypto.
A bullish reversal is underway
According to crypto researcher Jelle, Bitcoin is about to reverse bullishly. He said Bitcoin eliminated downside liquidity and rose beyond $94,000. The crypto researcher said the flagship coin is currently facing opposition at its 200-day Exponential Moving Average (EMA) and a level it has struggled with.
Jelle said Bitcoin will reach new highs if it broke $97,000. He said BTC wants to break the weekly falling wedge in another X post. The crypto expert estimated this formation's objective at $130,000.
#USPPITrends #DollarRally110 #AltcoinBoom #GuessBTCsBottom #10DaysToTrump $BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.