A closely followed crypto strategist believes that Bitcoin (BTC) is now in a position to witness multiple bursts to the upside with shallow dips in between.
Pseudonimni trgovac Credible Crypto kaže his 349,900 followers on the social media platform X that sidelined traders waiting for BTC to see a significant correction will likely remain out of the market.
According to the analyst, his bullish stance will stay valid as long as BTC trades above his invalidation point of $34,079.
“If you’re still looking for $30,000, $31,000, $32,000 or even $33,000, you may get left behind. Without this level being breached (and I suspect it won’t), all those lower targets will not be met.”
With Bitcoin trading at $34,985, Credible Crypto kaže that BTC will likely see a string of rallies while barely looking back.
“Now we just keep chaining the impulses till $40,000+ (and new all-time highs).”
For now, the crypto strategist kaže that it is still within the realm of possibility for Bitcoin to correct toward $34,200 following BTC’s minor liquidation event on Sunday.
“The doors to our range lows that we previously front-ran are now back open – and that’s where I’ll be watching to see a shift in momentum back to the upside…
Also to be clear this isn’t to say that we MUST go to the range lows to complete this correction. ‘Doors are back open to range lows’ simply means it’s now once again a viable/healthy downside target. We could potentially reverse before that BUT if we don’t, the range lows are the most logical/likely place to see a reversal, and a move down to those lows doesn’t change the low time frame bullish structure any more than it already has at this point.”
Ne propustite ritam – Pretplatite se da primate obaveštenja putem e-pošte direktno u inbox
Provjerite akciju cijene
Pratite nas na cvrkut, Facebook i Telegram
Surfajte Daily Hodl Mix
Izjava o odricanju odgovornosti: Mišljenja iznesena u Daily Hodlu nisu savjet o ulaganju. Ulagači trebaju obaviti svoju dužnu opremu prije nego što ulože bilo koja rizična ulaganja u bitcoin, kripto valutu ili digitalnu imovinu. Imajte na umu da su vaši transferi i trgovine na vlastiti rizik, a za sve gubitke koji mogu nastati odgovoran ste. Daily Hodl ne preporučuje kupovinu ili prodaju bilo koje kripto valute ili digitalne imovine, niti je Daily Hodl savjetnik za ulaganje. Imajte na umu da Daily Hodl sudjeluje u affiliate marketingu.
Generirana slika: Midjourney
Source: https://dailyhodl.com/2023/11/06/crypto-analyst-says-chain-of-impulse-rallies-for-bitcoin-btc-all-the-way-up-to-new-highs-now-imminent/