BTC BULLTREND STARTED DEPENDING ON THIS STUDY 47K
Updated
We are avid researchers of market cycles, analyzing the volumes and trends that occur. Based on our thorough study, we have determined that the bullish trend cycle of BTC has commenced. The first cycle began in November 2022, and just this week, we have received confirmation of its bullish trajectory from the study on a technical view.
According to our projections, we anticipate BTC to experience gains within this bullish trend, reaching $32,800 initially. Subsequently, there is potential for a significant surge towards the $38,000 range, ultimately leading to a price increase of up to $47,000.
Although this progression may occur in stages, we are confident in our assessment that this is indeed a bullish trend. However, it is crucial to bear in mind that as BTC operates within a dynamic market, unexpected news and trends can always arise.
To date, our data from November until now has not indicated any shifts in the cycle perspective. Therefore, we anticipate that BTC is currently embarking on a new bullish trend that could soon propel the price to $32,800, with a high expectation of reaching $47,000.
Let's see if this is what we expect a new bull trend that are running with the cycle since NOV 2022.
According to our projections, we anticipate BTC to experience gains within this bullish trend, reaching $32,800 initially. Subsequently, there is potential for a significant surge towards the $38,000 range, ultimately leading to a price increase of up to $47,000.
Although this progression may occur in stages, we are confident in our assessment that this is indeed a bullish trend. However, it is crucial to bear in mind that as BTC operates within a dynamic market, unexpected news and trends can always arise.
To date, our data from November until now has not indicated any shifts in the cycle perspective. Therefore, we anticipate that BTC is currently embarking on a new bullish trend that could soon propel the price to $32,800, with a high expectation of reaching $47,000.
Let's see if this is what we expect a new bull trend that are running with the cycle since NOV 2022.
Note
The bull trend of BTC means also good news for the most of top coins.BSV, MDT, and more.
Note
Arthur Hayes, the former CEO of Bitmex, suggests that bitcoin has the potential to become the preferred currency for artificial intelligence (AI).Note
We did follow BTC around the 25K with the expectation of 31K, the same increase technical view also shows on the 30K, it's possible that it can o below 30K, but the support volume offers a possibility for a breakout.Note
This cycle view idea is still running.Targets: $32800 2. $38000 3. $47000
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