Bitcoin's Next Big Move Coming

BITCOIN’S NEXT BIG MOVE PREDICTED ALONG WITH CRUCIAL LEVELS TO WATCH, ETHEREUM TO CORRECT SOON?

BTC TOP 3

BIG BITCOIN MOVE COMING up

Is Plan B’s prediction feasible?

Most analysts and traders have found Bitcoin’s performance this week quite boring. As the rising influencer/trader/investor TheMoonCarl said in his recent vlog, “BTC is quite neutral right now, it’s not having a clear uptrend or downtrend; just waiting either to break the resistance in $63k or break the support in $59k so we just need to wait what will be the next action.”

Crypto Michael also thinks the same. In his channel, he talked about how Bitcoin is still in a calm range-bound structure, just chopping sideways. He also added, “to get a new ATH, we really need to break the crucial level around $64k”.

The $60k level is a very important support level to hold, however, preferably, we don’t want to see another retest of support in this area. Instead, the $61k-$61.5k range might be a good level to get a retest before bouncing back up to $64k.

In a nutshell, BTC is starting to look like we’rs,e about to have further upside momentum. However, if we go back to the $61k level, it’s also likely to go further down to $57k, which we don’t really like to happen.

The resistance zone is still at the $64k level. If this corrects, by Fibonacci extension, we can target $72.5k. And If we flip $73k, we might see a continuation all the way towards $90k.

However, technically, Crypto Michael thought it’d be harder to reach $98k this month as opposed to Plan B’s prediction.

But what does Plan B thinks about this? In his recent tweet, he defended his case.

One crypto influencer, Crypto Zombie, does think Bitcoin is currently in a ‘calm before the storm’ situation. He also discussed further in his vlog how Bitcoin can have its next big move in about 3-5 days. Could this be it?

How about you, what do you think about this? Are we going to hit $98k this month or not? Comment down below.

MORE GOV’T OFFICIALS SAYING YES TO BITCOIN

After Miami’s Mayor Francis Suarez declared he wants to receive his paycheck “100% in Bitcoin”, another mayor has expressed the same intent recently.

The incoming New York City Mayor Eric Adams vows to take his first 3 paychecks in Bitcoin. This is good news, right?

Well, Ivan on Tech thinks so too. He believes this would open up big possibility to having a lot of investors in crypto soon in NYC.

HOW BULLISH CAN ETHEREUM GO BEFORE A CORRECTION?

The Moon pointed out ETH to be forming a massive rising wedge. Although technically, rising wedges are bearish patterns and tend to break down, in a strong uptrend, it can be invalidated.

Crypto Michael discussed a possible scenario for Ethereum: “ETH is still consolidating right now and we might get a corrective move soon; might be a retest of the all-time high from may ($4.4k), even down to $4k, then a consolidative period before it breaks up again.”

Have you been taking profits? If so, maybe it’s a good time you think of doing so.

DISCLAIMER: THIS IS NOT FINANCIAL ADVICE. PLEASE DO YOUR OWN RESEARCH FIRST.


ABOUT THE AUTHOR

Elisa A.

Elisa is our Head of Market Analysis at Rocket Crypto X

You can join her Slack channel to get real-time updates from the top Crypto influencers.

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