Expectation of Rise in Bitcoin Increases

Glassnode’s founders claimed that Bitcoin is ready for a major rise. Expert analysts stated that there might be a rise in Bitcoin, based on their statements. Prediction of Rise in BTC Glassnode co-founders Jan Happel and Yann Allemann, in their social media posts, argued that Bitcoin is inclined to rise after the current market correction. However, they also emphasized that the correction process could continue in the short term. Critical Formation in BTC Using the Elliott Wave Theory in their analysis, analysts predict that Bitcoin is in a rising wedge formation and that prices could move upward after the completion of this formation. They also suggest that the three important daily moving averages (DMA) signal positive momentum for Bitcoin. Useful Information for Readers The formation of a rising wedge in Bitcoin and its potential to increase the rise, The positive change in daily moving averages (50, 100, and 200 DMAs) […]

Expectation of Rise in Bitcoin Increases

Glassnode’s founders claimed that Bitcoin is ready for a major rise. Expert analysts stated that there might be a rise in Bitcoin, based on their statements.

Prediction of Rise in BTC

Glassnode co-founders Jan Happel and Yann Allemann, in their social media posts, argued that Bitcoin is inclined to rise after the current market correction. However, they also emphasized that the correction process could continue in the short term.

Critical Formation in BTC

Using the Elliott Wave Theory in their analysis, analysts predict that Bitcoin is in a rising wedge formation and that prices could move upward after the completion of this formation. They also suggest that the three important daily moving averages (DMA) signal positive momentum for Bitcoin.

Useful Information for Readers

The formation of a rising wedge in Bitcoin and its potential to increase the rise,
The positive change in daily moving averages (50, 100, and 200 DMAs) on the charts and their potential to support upward momentum,
The movement of the market within the 59,313-dollar support and 73,794-dollar resistance range, which are crucial parameters,
The importance of knowing that Bitcoin has the potential for gradual recovery and growth in terms of investment decisions

comes to the fore. These predictions by analysts are among the points that investors need to consider in determining their strategies for Bitcoin market movements.

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