As Bitcoin (BTC) flirts with a psychologically important $ 100,000 limit, several chains and technical figures have become bullshit. Crypto analysts are on board forecast In the coming months, BTC's potential new peak of all time (ATH), referring to favorable market behavior, technical patterns and macroeconomic developments.
The indicators become a bullshit for bitcoin
In a recent XI post, Crypto analyst Crypto shared a two -week bitcoin diagram, highlighting the potential upside down of the BTC. According to his analysis, Bullish Bollinger can benefit from the highest cryptocurrency.
The chart shows the two previous cases during the 2023 and 2024-, where the BTC posted a significant profile of significant profits, depicted as a red line in the diagram below after 20 days.
If history shows, Bitcoin's fall on April 6 to $ 74,508 may be the local end of this cycle. Based on earlier patterns, the BTC could now make a sudden move up, reaching a potentially new ATH by July 2025.
Adding a bullish to narrative, a popular analyst RKT Capital shared a weekly BTC chart, which showed that a negative deviation may already be behind us. According to the diagram, the BTC has had a green support line before the new climbs have accumulated. If the current cycle follows a similar path, Bitcoin may soon pass by Its previous ath.
The recent BTC Price Action has also completed the Exchange (CME) gap in Chicago's upper Mercantile. The filling of the CME upper salmon is considered to be a bullshit for BTC, as it also refers to a strong rise and the market for a higher price level that was interrupted during previously volatile moves.
Ordering books also point to potential upside down. In the second X post, analyst Crypto Goos noted that when the BTC reaches $ 98,000, about $ 400 million would be liquidated in short positions. Such a short squeezing can further promote a sharp rise in prices as traders rush to cover positions.
BTC whales are again in business
Whales – wallets with large quantities of BTC – also become more active, further strengthening the bullish sentiment. According to For Cryptogosis, BTC is a noticeable increase in new whales. This behavior usually reflects the renewed confidence of large institutional and long -term investors.
Macroeconomic factors also play a role. Crypto enthusiast TED pointed out that China's recent decision to inject 1 trillion into its economy has positively influenced the price of Bitcoin. He noted:
I told you that $ Btc The pump is coming soon. And it happened today. BTC pumped nearly $ 3,000 after China announced that it would inject its economy in 1 trillion ¥. Follow the global M2 offer and you will find out exactly about the BTC pump.
Despite growing optimism, analysts that BTC must hold Over the key allowance for $ 93,88. Below this level, a drop may be revoked in a short period of time. During the press, BTC trades for $ 96,589, which is 2.3%in the last 24 hours.
Highlighted Picture from Usplash.com, X and TradingView.com
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