The analyst, who correctly predicted that Bitcoin (BTC) would correct to 38 thousand dollars, came with a target of 50 thousand dollars in a few months.
research company CEO of 10x Research Markus Thielen, his current update on Bitcoin with estimate came forward. of Bitcoin It will drop to 38 thousand dollars The experienced name who predicted accurately said that point would remain a bottom and that the current At a price of 42 thousand dollars He argued that the upward trend will continue.
of Bitcoin In case it breaks the $43 thousand level upwards investors long According to the Elliot Wave model, stating that it should focus on directional positions 50 thousand dollars in the first quarter of 2024 He indicated that he might come:
While reversal indicators indicate a tradable bottom is in question, we should focus on long positions. From a risk management perspective, we should re-enter long positions when Bitcoin rises above $43,000. In Elliot Wave analysis, this retreat to 38.522 may be followed by a wave movement to 52.671. This could potentially happen by the end of Q1 2024.
Thielen is the most obvious catalyst for the continuation of the rise. Grayscale Bitcoin Trust (GBTC) decrease in sales pressure in particular, Peak in US-based stocks to arrive and Google allows spot Bitcoin ETF ads It showed important developments such as.
According to CoinGecko data, in the last 24 hours 0.8% Bitcoin losing value at the time of writing from $42,052 is being traded.