To summarize our prediction, it sounds like the bullish trend is still in force. We will likely see $90k per bitcoin in the next two months.
We came close to the level of the current ATH, at the crossing of this level we will see a very rapid jump in price upwards, as the fact of updating ATH always affects traders. (Especially for emotional traders)
Now we like BTC very much because at this point of the market we can predict the growth and see the most probable price movements.
We cannot say the same about a large number of shitcoins, which beckon inexperienced traders with exorbitant thousands of percent profit. The number of such people has increased a lot lately.
So what in our opinion will affect the further growth of bitcoin:
- The asset is back to a trillion-dollar capitalization.
- 1W candle close above $58,300 would have a big impact.
- Hodler whales have been activated lately. (The last news about 5,000 BTC moving was yesterday.) Since the big transaction on December 28, 2020, all big coin moves have almost perfectly coincided with local price highs.
An important, but not the main factor, the 1W candle is still completely above the Point Of Control of the vertical volumes of the past 7 weeks. We have to wait for its closing, then this factor will be very important.
We came close to the level of the current ATH, at the crossing of this level we will see a very rapid jump in price upwards, as the fact of updating ATH always affects traders. (Especially for emotional traders)
Now we like BTC very much because at this point of the market we can predict the growth and see the most probable price movements.
We cannot say the same about a large number of shitcoins, which beckon inexperienced traders with exorbitant thousands of percent profit. The number of such people has increased a lot lately.
So what in our opinion will affect the further growth of bitcoin:
- The asset is back to a trillion-dollar capitalization.
- 1W candle close above $58,300 would have a big impact.
- Hodler whales have been activated lately. (The last news about 5,000 BTC moving was yesterday.) Since the big transaction on December 28, 2020, all big coin moves have almost perfectly coincided with local price highs.
An important, but not the main factor, the 1W candle is still completely above the Point Of Control of the vertical volumes of the past 7 weeks. We have to wait for its closing, then this factor will be very important.