We tell you what bitcoin forecast is given by investors and why many believe that the cryptocurrency has not yet completed the fall
Trader Doctor Profit, popular in the crypto community thinksthat the target for BTC remains the level of $23.5-24 thousand. Only after descending to the designated height, in his opinion, the prospects for updating the local maximum near $37-38 thousand will open before the cryptocurrency. Doctor Profit explained his confidence that the cryptocurrency will continue to fall, that historically September is one of the worst months for a coin.
Bitcoin Doctor Profit Forecast. Source: microblog
Watch the latest cryptocurrency news, video reviews, collections of useful tips, guides and interviews on YouTube channel BeInCrypto. Subscribe, it will be interesting!
The forecast of the bitcoin rate, which does not exclude a decline to $23,000, was supported by an analyst from Inmortal. According to him opinionthe “dip” of BTC predicted by him may be the last one on the way of updating the local maximum by the cryptocurrency.
Bitcoin exchange rate forecast from Inmortal. Source: microblog
A Devchart trader survey showed that most market participants are waiting for bitcoin to fall below $26,000.
Survey. Source: microblogging Devchart
Many members of the crypto community explain the potential for a further fall in BTC is that the cryptocurrency, in many respects, repeats the movements of the previous cycle. If we “try on” the patterns of the coin of past years on the realities of 2023, we can predict its decline to $24,000, with a further recovery to $30,000 at the beginning of 2024.
“Trying on” BTC patterns of the past cycle to the current one. Source: X
Analyst Michael van de Popp, in turn, reminded about the cyclical behavior of bitcoin. In his opinion, the transition of the cryptocurrency to the growth phase can be realized in a few months. Recall that the cyclical movement of bitcoin is set by halvings – a halving of the mining speed of the coin. The next halving will take place in the spring of 2024.
Positive outlook for bitcoin gave manager of Cane Island Alternative Advisors, author of books about cryptocurrency – Timothy Peterson.
“I have a lot of fundamental data that indicates that Bitcoin should be worth $30,000 right now,” he wrote in his microblog, drawing attention to the fact that the “alligator jaws” formed by the BTC trading volume curve and the cryptocurrency rate can “close ”and bring the cryptocurrency rate to the level indicated by it.
Bitcoin forecast by Timothy Peterson. Source: microblog
Recall that earlier the editors of BeInCrypto collected in one review the Bitcoin forecast for the end of 2023.
Disclaimer
All information contained on our website is published in good faith and objectively and for informational purposes only. The reader is solely responsible for any actions taken by him on the basis of information received on our website.
2023-08-28 05:55:11
#Investors #named #BTC #target #Bitcoin #forecast
Hi World Today News,
My name is Hattapon based in Thailand for Telum Media, a media intelligence platform providing updates and the latest news in the media industry across Southeast Asia.
I am sending this email to check with you whether you have an editorial team and open to pitches as well ass press releases. If yes, can you provide us the contact persons for all the media inquiries by giving their full names, titles, sectors and email adresses. It would be great if you can tell us in which country your publication is operating.
Regards,