Why The Next 30 Days Could Be A Game-Changer For The Market
Cryptocon provides valuable insights into this Bitcoin price action During this cycle. According to his analysis, the next thirty days may change the rules of the game, and BTC will witness a major upward move.
Why the next 30 days could be a game-changer as Bitcoin price moves it
exist X postCryptocon predicts that Bitcoin prices could be as high as $160,000 in the next 30 days. It will be the market changing game for people, especially considering bearish sentiment Encryption market at the moment. Analysts pointed out that Bitcoin took about 583 days in this cycle.
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On the other hand, analysts pointed out that the price of Bitcoin took only 175 days, making the price action meaningful. In line with this, he hints at how patience is critical, considering most of the scope of Bitcoin cycle. However, Cryptocon firmly believes that the market is about to witness the huge price action of the next 30 days worth the wait.
The accompanying chart from the analyst shows that the price of Bitcoin can record the 37 days of the next game. Charts also show that flagship encryption can be assembled into Up to $160,000 March after this uptrend. This is optimistic for the broader crypto market, as AltCoins is expected to rally as BTC rises.
Prior to that, Cryptocon had assured that while the largest liquidation event in the cycle faced the cryptocurrency market, the bull cycle was not over, with more than $2 billion removed from the market.
The trend of BTC is not yet confirmed
While the price of Bitcoin may rise to $160,000 in the next thirty days, crypto analysts Ali Martinez It has been pointed out that the trend direction of BTC in the short term is still uncertain. He noted that the merger of flagship cryptocurrencies is between $90,900 and $108,500. The trend remains uncertain until a clear breakout beyond that range, analysts added.
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However, crypto analyst Kevin Capital New historical highs (ATH) For flagship cryptocurrencies. He noted that all major liquidity on the monthly hot map is aimed at reaching the $111,000 price level. This cannot be ignored, especially after a massive surrender, analysts added. He further pointed out that he would be shocked if BTC didn’t catch this liquidity and lowered his head.
At the time of writing, the Bitcoin price was trading at about $97,800, down more than 1% in the past 24 hours. data From Coinmarketcap.
Charts from special images from IStock, tradingView.com
