Bitcoin (BTC); Although Russia and Ukraine are trapped in the triangle of the Federal Reserve interest rate decision and the EU’s ban on Bitcoin, some experts think that the rise is not over.
Recognized analyst Pentoshi, in his statement to his 526,300 Twitter followers, emphasized that Bitcoin continues to test higher lows and with each bounce, previously resistance places are supported.
The analyst thinks that if this continues, BTC can reach $ 72,000 with a parabolic rally.
BTC Pregnant for Parabolic Rally
Pentoshi focused on two different situations in two different graphics he shared on Twitter.
The first option involves losing the $30,000 support and a major drop coming.
The second option is $40,000, followed by $42,000 and finally $44,000 It points to the parabolic rally of the breaking BTC.
The analyst personally prefers the second option and expects an uptrend.
$BTC let’s hope not tho lmao
Instead, I now offer an alternative
I believe we should change direction and head for option 2 https://t.co/jQmIPnfJ8E pic.twitter.com/OXT1nol160
— Pentoshi 🐧🌕 (@Pentosh1) March 12, 2022
Fulfillment of Pentoshi’s target means that BTC will rise 83% over the current price.
Pentoshi, who has been constantly tweeting bear market-oriented tweets in the past months, has now turned completely bullish and this may mean something.
“These 2 Situations Will Raise The Price”
In addition to this, the famous name is the leading altcoin of the Bitcoin rally. Terra (Luna) He stressed that it could be thanks to LUNA’s purchase of $1 billion worth of BTC in its reserves could ignite the BTC rally.
Do Kwon, starting this week 1.2 billion dollars BTC has announced its receivables and this is expected to create a serious buying volume.
In addition El Salvador also plans to buy $500 million worth of BTC in the near future and use it for Bitcoin bonds.