exposed to the harsh pressure of bears in 2022. bitcoin finally managed to break this pressure. The price approached the $25,000 levels today and put its investors at ease. William Noble, a former analyst at Goldman Sachs and Morgan Stanley, suggested that the price will continue to rise and reclaim the $56,000 level.
Koinfinans.com As we reported, Noble correctly predicted that the price would skyrocket from $20,000 to $40,000 in 2020. Analyst this time. NasdaqHe pointed out the Bitcoin correlation. According to the analyst, the Nasdaq has reportedly come off a bull flag. This means that the Nasdaq is in an uptrend. Bitcoin Nasdaq’s 90-day correlation also reflected this sentiment and rose to 0.75.
“There’s a bull flag on the Nasdaq. There is a saying ‘Flags fluctuate halfway’, meaning there could be another big rise in stocks to an all-time high.”
Detailing the Bitcoin forecast William NobleHe noted that the price has been moving sideways for a while. Using the RSI data, the analyst predicted that the downtrend has ended. Analyst expects indicators to move towards the $56,000 level.