Leading cryptocurrency Bitcoin (BTC) continues to rise and survive amid many macro tensions.
your $43,000 BTC, which managed to stay on top of it, may actually have come to the end of this uncertainty. BTC, which has been horizontal in 24 hours, has the potential to explode in the coming days.
US Federal Reserve It is almost certain that it will increase interest rates next month, and this may now be priced in in the markets. This is actually seen as the reason for the sharp BTC drop in the past month.
Bitcoin Ready to Explode
So, what does the latest situation indicate on the Bitcoin chart? BTC, which tried to protect the $44,000 support for a while but lost it, is in a pretty good position according to the OBV chart, according to the famous crypto analyst IncomeSharks.
The analyst stated that he expects a V-type recovery after stating that the descent from $ 60,000 to $ 30,000 is a net bottom, which points to above $ 42,000.
Another popular analyst, Credible Crypto, in his statement on the subject, thinks that $ 50,000 will come with the hold of $ 42,000. There is currently no threat to $42,000 and the analyst’s prediction may come true.
Another popular Twitter analyst, Caleb Fransen, shared a similar chart, stating that he expects a 25% rise for BTC. For now, almost all analysts and indicators point to bullishness and investors have to wait.
one/ #Bitcoin & the 4-week Williams%R oscillator are flashing an exciting signal. When there’s a full oscillation from “oversold” to “overbought”, it indicates a momentum thrust.
There are six occurrences since Jan 2020.
After the weekly thrust, the avg. 1-month return is +25%. pic.twitter.com/6P1aaaQdxU
— Caleb Franzen (@CalebFranzen) February 16, 2022
*Not Investment Advice.