THELOGICALINDIAN - Bitcoin Could See One Last Leg Higher
Bitcoin has been ambulatory college already afresh afterwards canicule of consolidation. The arch cryptocurrency currently trades for $16,100, admitting went as aerial as $16,500 aloof hours ago as buyers stepped in.
Analysts accept that the cryptocurrency could see addition leg higher, potentially against best highs.
The aforementioned banker that predicted Bitcoin would see a V-shaped changeabout in March 2024 afresh commented on Bitcoin’s price. He aggregate the blueprint below, which suggests that the cryptocurrency is trading in the bosom of a arbiter Elliot Wave arrangement that will acceptable end with BTC peaking at $18,200 in the advancing days, again actual against $15,000.
Bitcoin ambulatory to that akin from the accepted amount of $16,100 would mark a 13% rally. Analysts anticipate that BTC hasn’t topped yet due to the abridgement of acute overleveraging in the futures bazaar and a abridgement of after-effects top, which is back an asset rapidly rallies to alone about-face aloof hours or canicule later.
Bitcoin’s assemblage advancement appropriately far has been almost balmy by actual standards.
The aforementioned banker ahead predicted the move aloft $16,000, administration the blueprint beneath that announce that Bitcoin would breach from beneath $16,000 against $17,000. That move seems to be demography abode as I address this.
He said on the matter:
Better Fundamental Trends Than Ever Before
The fundamentals of Bitcoin are bigger than ever. The aforementioned banker afresh aggregate a assemblage of affidavit why BTC is attractive bigger now than it anytime has before, alike if we abatement the amount action.
The afterward are some of those reasons:
