BTC charts create a bullish effect! Here are the criticism support levels for Bitcoin…
You will be able to access a digital Bitcoin bank account in 2024, it has increased by over 2 for 24 years, once again reaching over $43,000. However, the market cap approached 850 billion and BTC price charts entered a potential uptrend. Additionally, Bitcoin Futures Open Interest (OI) increased by over 2 percent and reached 17.64 billion, but optimism about the asset is rising.
However, cryptocurrency analyst Jake Wujastyk announced that a reverse head and shoulders formation has occurred on the BTC candlestick chart. This formation is usually a bullish sign in the market and indicates that a new uptrend will begin after a crash. This is a good example of the Bitcoin halving, which is also a good example of how to buy BTC in the old days.
What do you understand about the Bitcoin bullish pattern?
The inverted shoulder pattern indicates a rise after a decline and shows strong support and resistance. Bitcoin price continued above $43,000 with renewed criticism support in the last 24 hours. This means you can control everything in your digital life with the help of your own devices.
This view is supported by an analyst of MikybullCrypto. This cryptographic tool for analyzing Bitcoin data is available for a cost of over $50,000. analyst forecast; It is consistent with past market cycles, the global spread macro effect, and pre-halving expectations. Social market cycles in particular may be news of a new bull run.
Expected price range for BTC in February
A recent analyst noted a bullish formation for H&S on the intraday chart for BTC.
A formation called doji is seen on Bitcoin’s monthly chart, which shows investors’ confident information about what they can do. While it tells that the opening and continuing prices of the Doji formation are very close, it also shows the indecision in the market.
Source: X
At this point, the analyst points out that he switched to the Supertrend indicator, which is a reliable tool for many people, and that this indicator is declining. You have the best possible information on the factor, criticism of Bitcoin being seized on a monthly basis has been expressed in its failure to sustain at the $45,000 level and achieve the expected success later this month.
Progressing the analysis MikybullCrypto considers the Relative Strength Index (RSI).
Emphasizing economic patterns with this post, MikybullCrypto explains whether stop ETFs were released from the market at the beginning of the 4th halving period. He says Bitcoin could reach $50,000 before undergoing a significant correction.
Captain Faibik and MikybullCrypto explain critical levels for BTC!
Analyst predictions do not end there and explain expectations for February and March. He claims that there will be a potential recovery in March, following a possible rise in February. Currently in a consolidation phase, BTC is awaiting locking movements. The analyst cites the example of crypto analyst MortensenBach’s BTC seasonality chart to smooth out the changes in March.
Two critical levels are predicted for the leading cryptocurrency. The analyst explains that seeing these developments at $44,000 and $41,000 on any given date is very important for BTC. But rest assured that you can do everything you can.
Source: X
With this view, according to crypto analyst Kaptan Faibik, Bitcoin could reach 57,000 in mid-April. After that, MikybullCrypto announced that a short consolidation is expected near the range between $40,000 and $45,000.
Although the predictions for the Bitcoin price are positive, it is difficult to predict how the market will move. In addition, the upcoming halving event, along with BTC price predictions, brings pre-sales such as Bitcoin Minetrix to the agenda.
BTC has a different token: BTCMTX
Unlike the classical mining concept, Bitcoin Minetrix enables cloud mining over the Ethereum network, allowing ordinary people to earn income from mining activities. The project is currently on pre-sale; It attracts attention with its reliability, environmental friendliness and ease of use. Bitcoin Minetrix has a wide range of projects and information. It does not contain assets that are only available through the official website, eliminating the risks of third-party fraud. Additionally, with environmentally friendly solutions, solutions for heavy technical equipment are eliminated. With these features, they demonstrate a sustainable approach that protects the environment.
Finally, when we look at the current situation for Minetrix, it seems that the asset, which has been met with great interest, has completed its 23rd stage. With this development, the indicator; It can be purchased for $10,121,000. The current selling price is $0.0132 and the token can only be purchased in its home country. Payment can be made with suitable cryptocurrencies and Ethereum and USDT methods.
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The information in the article is for informational purposes only. It does not constitute any investment advice. Neither your author nor cryptoparahaber.com is responsible for any profit or loss you derive from your investments. Ultimately, investment is based on a strong foundation such as knowledge, experience, research and personal decisions.
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