Latest Predictions of 3 Bitcoin Analysts with Many Predictions! – Cryptokoin.com

Three crypto analysts known for their accurate predictions have revealed new price targets for Bitcoin (BTC) price. Analysts evaluating the week’s market correction say bottoms could attract new buyers.

Smart Contracter says latest Bitcoin correction is rally signal

Announcing Bitcoin’s 2018 floor price, the ‘Smart Contracter’ says the king coin is poised for a bounce after falling to around $26,500 yesterday. You can take a look at the analyst’s accurate predictions from this article. In his current analysis, he reported that Bitcoin is pointing to the weakness of the bulls on the hourly chart and could pull back to around $26,000:

The momentum in BTC is starting to wane. I think we can retest $26,000 earlier in the week.

After yesterday’s corrective action, Smart Contracter says the BTC correction is likely complete. Furthermore, the king states that it is unlikely that the crypto will revisit the higher timeframe support at around $25,800.

cryptocoin.com As we have reported, the Binance case, which emerged yesterday evening, led to the loss of critical support in Bitcoin. Do not forget to take a look at the developments of the day from the litigation process in this article.

Rekt Capital says Bitcoin is quietly waiting before the storm

Another closely followed technical analyst, Rekt Capital, says that Bitcoin (BTC) has given important technique that signals a big breakout. In his current analysis, he reported that BTC’s monthly candle broke a key resistance. According to the analyst, Bitcoin’s recent exit is similar to other moves that preceded longer-term rallies in the past.

The popular analyst says that the currently ongoing monthly candle is in position to confirm a new bull market by the end of March. Rekt also states that, given BTC’s current market structure, it is likely to be in a period of “quiet before the storm” for Bitcoin:

On Saturday, the BTC monthly candle will have closed above the macro downtrend to confirm a new bull market. Only a few days left and BTC is still clear about making an upside break in the macro downtrend and closing monthly above key resistance.

There may be some decline in price in the short term, but in the medium and long term, BTC is establishing a new macro uptrend.

Watch out for this BTC pattern

According to Rekt, Bitcoin is forming an inverse head and shoulders pattern, a price pattern that traditionally marks a slow uptrend reversal. According to follow-up analysis

The BTC inverted head and shoulders pattern played extremely well. BTC is up 40% since it perfectly tagged ~$20,000 to form the right shoulder.

Latest Predictions of 3 Bitcoin Analysts

Tone Vays says Bitcoin rally is approaching

Recent analysis Tone Vays thinks that Bitcoin’s current consolidation signals an imminent exit. In a recent strategy session, he said that Bitcoin’s consolidation is healthy as it allows it to take a break before resuming its trend.

Vays cites the example of Bitcoin cooling off some time between May and June 2022 at the peak of last year’s bearish market, noting that Bitcoin gained time before falling below the psychological $20,000 level.

Vays says that despite giving a negative example, BTC remains in an uptrend, consolidating between $27,500 and $28,500.

Now we have a new range, and now we’ll see if we’re going to the top of the range. I’m optimistic here and this consolidation is good, the more time we spend between $27,500 and $28,500, I believe the exit will be better this week.

A look at the monthly charts shows that Bitcoin’s technical indicators are greenlit

According to the trader, Chaikin Money Flow (CMF), an indicator that tracks market participants accumulating BTC, has a lot of bullish potential. He also says that the same is true for the moving average convergence divergence (MACD) indicator, which is a trend reversal indicator.

Vays states that the same is true for the MACD indicator, while the momentum indicator RSI has started to approach the overbought zone on the monthly time frame:

We are in a very interesting period in Bitcoin. See monthly indicators. RSI, MACD and CMF are all super bullish. The RSI is getting a little too hot, but other than that, it’s super bullish.

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