Expectations for Rise in Bitcoin Increase

Glassnode’s founders suggested that Bitcoin is ready for a major rise. Expert analysts stated in their statements that there might be a rise in Bitcoin. BTC Rise Prediction Glassnode co-founders Jan Happel and Yann Allemann argued on social media that Bitcoin tends 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 point out that three important daily moving averages (DMA) are giving positive signals and that there could be a rising momentum for Bitcoin. Useful Information for the Reader Understanding that Bitcoin is in a rising wedge formation and that this situation could increase the potential for a rise, Indications from daily […]

Expectations for Rise in Bitcoin Increase

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

BTC Rise Prediction

Glassnode co-founders Jan Happel and Yann Allemann argued on social media that Bitcoin tends 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 point out that three important daily moving averages (DMA) are giving positive signals and that there could be a rising momentum for Bitcoin.

Useful Information for the Reader

Understanding that Bitcoin is in a rising wedge formation and that this situation could increase the potential for a rise,
Indications from daily charts’ moving averages (50, 100, and 200 DMAs) that could provide support for upward momentum,
The market moves between a $59,313 support and a $73,794 resistance and that these parameters are significant,
Knowing that Bitcoin has the potential for gradual recovery and growth could be important for investment decisions.

These predictions by analysts are among the points that investors should consider in determining strategies for Bitcoin market movements.

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