After a difficult couple of weeks for the ຕະຫຼາດ cryptocurrency, which witnessed a dramatic price collapse of most of its assets, the sell-off seems to be slowing down, and ນັກລົງທຶນ ແລະ ການຊື້ຂາຍ crypto experts are trying to predict the future price of the largest token – Bitcoin (BTC).
One of these chart analyses demonstrates the largest descending broadening (or broadening falling) wedge for Bitcoin in history, according to a tweet by the pseudonymous crypto expert known as ຫນວດ, ຈັດພີມມາໃນວັນທີ 16 ພະຈິກ.
As the analyst explained, “price has always risen rapidly after that,” referring to the similar large descending broadening wedge patterns that Bitcoin had previously formed in 2019 and 2020.
Specifically, the chart analysis posted by ຫນວດ shows that this rise he is predicting could occur in the first half of 2023, possibly even (briefly) nearing the all-time high (ATH) of $69,000 before settling in at around $40,000.
Is 2023 the big year for Bitcoin?
Earlier, the popular crypto analyst pointed out that Bitcoin had to hold the level at around $15,800 to avoid the downfall continuation that risks it dropping even down to $13,000 “if the ລົດລົງ triangle breaks out to the downside.”
ຢ່າງໃດກໍຕາມ, ຫນູ recent prognosis plays into his earlier estimation ຂອງ ເພີ່ມຂຶ້ນ 2023, a conclusion he had drawn using The Wyckoff Method of chart analysis and the Network Value to Transactions Signal (NVTS), as well as observing a “bullish megaphone pattern. "
In addition, the expert ລາຍຊື່ similarities between Bitcoin’s technicals in 2019 and 2022, including the successful ABC correction, ຕົວຊີ້ບອກຄວາມເຂັ້ມແຂງພີ່ນ້ອງປຽບທຽບ (RSI), and similar Stochastic RSI (StochRSI), all pointing to a future price increase.
ການວິເຄາະລາຄາຂອງ Bitcoin
As things stand, Bitcoin is currently changing hands at the price of $16,578, which represents a decline of 0.49% on the day and 0.14% across the previous seven days, along with a 15.42% loss on its 1-month chart.
ໃນເວລານີ້, Tesla (NASDAQ: TSLA) CEO ແລະເຈົ້າຂອງໃຫມ່ຂອງ Twitter (NYSE: TWTR), Elon Musk, who is also a known crypto enthusiast, is confident that Bitcoin will survive, ແຕ່ລາວໄດ້ເຕືອນວ່າມັນອາດຈະ "ເປັນລະດູຫນາວທີ່ຍາວນານ."
ປະຕິເສດ: ເນື້ອຫາຢູ່ໃນເວັບໄຊທ໌ນີ້ບໍ່ຄວນຖືວ່າເປັນຄໍາແນະນໍາດ້ານການລົງທຶນ. ການລົງທຶນແມ່ນຄາດຄະເນ. ເມື່ອລົງທຶນ, ທຶນຂອງເຈົ້າມີຄວາມສ່ຽງ.
Source: https://finbold.com/bitcoin-price-rally-in-store-btc-creates-largest-ever-descending-broadening-wedge/