empty
12.10.2023 03:39 PM
A new hit parade of opinions on why Bitcoin will soon rise

This image is no longer relevant

A rebound from the Senkou Span B line on the 24-hour timeframe caused Bitcoin to start a new decline on the 4-hour timeframe. Now, we should expect a drop back to the range of $24,350–$25,211, where the fate of the leading cryptocurrency for the next few weeks will be decided once again. The first rebound from this area was strong and sharp, while the second was weak and slow. We believe there may not even be a third rebound. In any case, for us, the correction scenario remains a top priority at the moment.

Despite the absence of any fundamental or technical reasons for the rise of the leading cryptocurrency at this time, many experts and analysts continue to talk about the inevitable rise of "digital gold." Sometimes these opinions are quite interesting and worth listening to, while at other times they may appear somewhat comical. For example, analyst Miles Deutscher found similarities in Bitcoin movements in the 6–10 months leading up to each "halving." He believes that Bitcoin is currently in a flat phase, and such movement types were observed in the periods from the second to the fourth quarters in the years before a "halving." He also highlights the date of November 21, which he considers a "historic turning point." These are the kinds of arguments presented in favor of Bitcoin's imminent rise by some prominent figures in the cryptocurrency segment.

Another analyst pointed out that Bitcoin is currently trading 60% below its all-time high, and similar patterns were observed in 2015 and 2019. And, of course, we can expect new explosive growth in the near future, which "should not be missed." It seems that a new "pump" continues to gain momentum in the market. Bitcoin is being promotedby all means and methods. Without an influx of new investors, there will be no new growth. 75% of the coins are held by a small group of "whales." From the previous article, it becomes clear that Bitcoin's price can be manipulated. These are the facts that are present at the moment.

This image is no longer relevant

We still recommend relying on specific technical signals when making trading decisions. If there are no signals, how can we talk about growth?

In the 4-hour timeframe, the cryptocurrency has started an ascending movement, which may already be completed. We believe that purchases are possible, but the first target we mentioned, $28,500, has been worked on and not overcome. Therefore, at this point, the cryptocurrency may return to the range of $24,350–$25,211. Beyond that, the fate of Bitcoin for the next few weeks will once again be determined. We continue to advocate for breaking through the designated range and further decline in the price of "digital gold," with a target of $19,607.

Paolo Greco,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

Projeto de lei sobre stablecoin em risco

O Bitcoin e o Ethereum recuaram, e o mercado de criptomoedas como um todo reagiu negativamente à notícia de que o projeto de lei bipartidário GENIUS Act (Guiding and Enabling

Jakub Novak 16:06 2025-05-05 UTC+2

Recomendações de negociação para o mercado de criptomoedas em 2 de maio

Os compradores de Bitcoin e Ethereum atingiram novos níveis de resistência importantes, indicando uma forte demanda. O Bitcoin atingiu o nível de US$ 97.400, enquanto o Ethereum se aproximou

Miroslaw Bawulski 17:44 2025-05-02 UTC+2

Análise técnica do movimento diário de preços da criptomoeda Chainlink, sexta-feira, 02 de maio de 2025

Com o surgimento do padrão 123 de alta, seguido pela formação do Ross Hook de alta, que conseguiu romper a linha de tendência de baixa anterior, e com o Oscilador

Arief Makmur 15:50 2025-05-02 UTC+2

Bitcoin: quem está por trás do novo acúmulo e para onde vai o preço?

Em meio à saída constante de moedas das bolsas, à retomada da atividade no mercado de futuros e ao aumento no número de detentores de curto prazo, a maior criptomoeda

Ekaterina Kiseleva 14:52 2025-05-02 UTC+2

Bitcoin: por que maio pode se tornar um ponto de inflexão para o mercado de criptomoedas

Enquanto os participantes do mercado financeiro tradicional avaliam os riscos de recessão e as taxas de juros, o Bitcoin continua ganhando terreno de forma consistente. Abril foi o mês mais

Ekaterina Kiseleva 18:34 2025-04-30 UTC+2

Recomendações de negociação para o mercado de criptomoedas em 30 de abril

Os compradores de Bitcoin e Ethereum continuam aproveitando as quedas pontuais do mercado para realizar compras rápidas, como ficou evidente durante a sessão asiática de hoje. No entanto, é importante

Miroslaw Bawulski 17:31 2025-04-30 UTC+2

O que pode impulsionar o Bitcoin para um novo patamar?

Enquanto o Bitcoin - e todo o mercado de criptomoedas - aguarda dados econômicos cruciais dos EUA que podem moldar o caminho do Federal Reserve, o Goldman Sachs compartilhou

Jakub Novak 16:00 2025-04-30 UTC+2

Bitcoin e Ether se mantêm firme.

As fortes quedas intradiárias de ontem no Bitcoin e no Ether foram rapidamente revertidas por compras, sinalizando o contínuo interesse de traders e investidores que aguardam apenas níveis de entrada

Jakub Novak 14:46 2025-04-30 UTC+2

US$ 200.000 para o Bitcoin até o final do ano

Embora o Bitcoin ainda esteja lutando para romper a marca dos US$ 95.000 — apesar das condições favoráveis — o Standard Chartered acredita que, no segundo trimestre, a principal criptomoeda

Jakub Novak 17:15 2025-04-29 UTC+2

Recomendações de negociação para o mercado de criptomoedas em 29 de abril

Os compradores de Bitcoin e Ethereum estão tentando controlar o mercado - e, até agora, estão se saindo muito bem. No entanto, é importante observar que, quanto mais tempo permanecermos

Miroslaw Bawulski 17:00 2025-04-29 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.