Bitcoin is currently busy regaining the $60,000 resistance after reaching ATH of $68,789.63 on November 10. Analysts are keeping year-end expectations strong and it is confirmed by the majority that we will reach 6-digit prices. For example, PlanB’s Stock to Flow model predicts a BTC price of $98,000 for the end of November, while popular on-chain analyst Willy Woo describes current levels as a “bottom”. Domestic crypto analysts are also hopeful for the 2022 journey. Paradator has set its progressive Bitcoin price expectations at $126,000. Twitter analyst Erhan Ünal, who has 390,000 followers, shares that he does not expect a decrease until the end of the first quarter of 2022.
Analyst expects 2022 for Bitcoin and altcoin rally
cryptocoin.com Erhan Ünal, whose analyzes we share with you, talked about the critical support level in the $ 60,000 band in a series of Bitcoin analyzes recently. This region, which coincides with above $59,000 on the chart, is currently breached. Ünal says that he did not see any situation that would cause uneasiness in his analysis.
On November 23, when BTC was trading at $56,345.67, the second support level set by the analyst at $53,000 has not yet been tested. Unal says that after the first support zone is broken down, he may receive a reaction from lower levels. He also thinks that the upside targets will continue if this support is regained. Lastly, Erhan Ünal says that there is no need for “anxiety” as long as we stay above $53,000, and adds that the ATH journey is close. The second quarter of 2022, when the analyst expects “destruction”.
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