Crypto money analyst Titan of Crypto suggested that the price of Bitcoin could reach $ 137,000 in a short time. While evaluating the bull pattern in the daily graph, it was reported that this rise could take place between July and August.
BTC expert predictions
Titan of Crypto, Bitcoin’s daily graph, observed in the bull pennant pattern drew attention. Analyst said that the crypto currency can make a new summit if this pattern is realized.
Titan of Crypto: Bitcoin can reach new record levels thanks to the bull pattern.
These statements were evaluated in the light of the general course of the market and technical indicators.
Crypto Coins
Bitcoin recently exceeded $ 86,000, while the European Union’s tariffs for US products fell below $ 84,000. Analyst said that the daily closing over $ 85,700 can trigger the transition to $ 87,000, but for now, the appearance does not make it possible.
In addition, MACD, one of the technical indicators, may indicate a change of acceleration in the 3 -day graph. This was among the critical signals that investors closely followed.
Crypto Analysis Platform Cryptoquant offered significant clues that the observed increase in the VIX index may occur in the price of Bitcoin. However, it may take time for this development to have concrete effects on the market.
Cryptoquant CEO, which Young Ju, has already stated that Bitcoin’s rise trend has ended. The market, which cannot direct large purchases due to sales pressure, may watch a static or decrease tendency between six to twelve months.
Young Ju: Bitcoin is currently under significant sales pressure and the current trend has changed.
In addition to several major corporate investors, Microstrategy has reportedly recruited Bitcoin worth millions of dollars. Position purchases of major investors are considered as harbinger of movements that may affect the market during crisis moments.
In the light of technical indicators and market dynamics, investors are trying to be prepared for various scenarios. The observers state that both technical formations and external factors may be decisive in future price movements.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
