Bitcoin Indicator Forecast Calls For $46K, New All-Time Highs Possible
Bitcoin price like a flash of lightning shot up by more than $5,000 in the last 48 to 72 hours, and the forecast just turned from cloudy with a chance of downside to much sunnier days for bulls ahead. In fact, one technical indicator points to at least $46K from here, and shows that there’s very little resistance above this left stopping Bitcoin from continuing to set new all-time highs. The Current Crypto Market Price Action “At A Glance” When markets move sideways for an extended period of time, it can be tricky to tell which direction the asset will head next once the....
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Bitcoin price is making another attempt at the time of this publication to take back $50,000 and hold. With the Ichimoku indicator turned on, the leading cryptocurrency by market cap is also trying to hold above the cloud. Losing the cloud under similar circumstances the last time around, resulted in one of the nastiest selloffs on record with Black Thursday in March 2020. Could such chaos be in the forecast for crypto? Holding Above Cloud Could Prevent Black Thursday Repeat Until either Bitcoin sets a lower low, or blasts cleanly above $50,000 and makes a crack at its current all-time....
BTC price could be poised for a big bounce despite Minerd’s prediction that price will drop to $8,000. Bitcoin (BTC) is predicted to drop more than 70% to the $8,000 value area, according to comments by Guggenheim chief investment fficer Scott Minerd. This is not the first time he has made a bearish call, and he has, in the past, made bullish calls as well. However, Minerd’s more recent calls have occurred just before major reversals. Scott Minerd BTC price calls: - $600k at $60k → went to $30k. - $10k at $30k → price to $65k. - $8k at $30k (again) → TBD. pic.twitter.com/NWjrRdegFM—....
The latest bullish Bitcoin price forecast further cements the case for a breakout, but a retracement could conversely end up with a visit to $45,000. Bitcoin (BTC) is on track to see new all-time highs this month and at least $72,000 in November if the latest price data is accurate.In a tweet on Oct. 12, Filbfilb, an analyst at trading platform Decentrader, described what he said was an achievable price target for this month and next.BTC price to $72,000? "Stranger things have happened," says traderWith “Uptober” delivering solid bullish results so far, analysts are keen to chart where the....
NVT is a “buy the dip” opportunity that few ever get access to this week, one analyst says, as BTC/USD stays in the mid-$40,000 range. Bitcoin (BTC) is facing a make-or-break moment this week as a classic indicator signals a price watershed. According to the network value to transaction (NVT) price, BTC/USD is in line for a reset at recent lows of just above $42,000.NVT calls a significant BTC moveAfter dipping on negative sentiment as a result of tweets from Elon Musk, Bitcoin is attempting to establish definitive support near its old all-time highs from February.At the same time, NVT,....
On-chain data may show a retest of a Bitcoin indicator that has happened after mid-cycle corrections in the past. If it’s indeed one, more highs could be ahead. Bitcoin Net Unrealized Profit/Loss Retests A Lower Level As per the latest weekly report from Glassnode, the net unrealized profit/loss indicator has just retested the 0.50 level. […]