Bitcoin $63,645 price It is stalling near $65,000 and has been in the midst of a pretty significant move for the past few hours. Bulls, who have been paying the price for the failure of the last test at $65,000 for weeks, have suffered significant losses in altcoins. Today, BTC is now at $64,800 after rising as high as $65,839. So, what current predictions have cryptocurrency analysts made for Bitcoin in the last 2 hours?
Bitcoin Analyst Predictions
King cryptocurrency If the unit remains above $65,000, it will mean the start of a new breakout. That’s why altcoin investors set their sights on this level. Although copying analysts’ strategies can lead to huge losses, taking a look at what 5 different analysts focus on gives us the opportunity to look at the market from a broader perspective.
Mister Crypto
In the chart below, which he shared while the article was being prepared, the analyst wrote that there was a break at the double top. According to him, if the price can hold above $65,000, it could move towards $75,181. Such a move could bring an increase of over 30 percent for altcoins that have been crushed for 2 quarters.
Mustache
The second analyst is pleased that the price, which rose 20 percent in less than 1 month, moved as expected. This is exactly what he was aiming for in his previous reviews. The name behind the rising expectation at the point where many experts expected $ 40,000 reminded that possible corrections were buying opportunities and that the current period was a bull market.
PlanB
As you know, these periods are PlanB’s periods and he can make more accurate predictions in rising markets. Although sticking to his long-term plan made him a laughing stock in bear markets, PlanB wrote the following minutes ago;
“As you know, my Bitcoin prediction is ~500k average for the 2024-2028 halving period and a range of 250K to 1M. The 2020-2024 forecast (made in 2019 when btc<4k) was ~50k average in the 25k-100k band. The 2020-2024 average was 34 thousand. "I know some people are crying, 'but it's 100 thousand'."
vivek
What this analyst pointed out was the short position size of $1.6 billion, which accumulated at $70 thousand. Analyst He thinks that this liquidity will use its gravitational power as before. Of course, we will not see a billion-dollar liquidation when the price reaches 70 thousand dollars. Both parties have fallen into this trap for 2 quarters and learned to adjust their stop levels well and feed their positions at the right time.
Daan Crypto Trades
The fifth and last analyst, Daan Crypto Trades king cryptocurrency He wrote that his unit was in the middle of a breakout attempt.
“Trading at 200MA and $65K daily. The top of the channel has not yet been broken.
“Ideally, you want a good $1K-$2K above this area and a daily close to really confirm a proper breakout.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
