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Crypto analyst Tony Severino has given an update about the Bitcoin price promotion. The Crypto flagship now looks at a bullish reversal, but the analyst warned of how things could still go wrong for BTC and mark the end of the Bull Run.
Bitcoin marks 114 weeks in Actief Koopsbesal
In one XSeverino revealed that Bitcoin is still an active purchase signal on the weekly super trend. He added that BTC was in this buying signal for 114 weeks and about 800 days. This is undoubtedly a very positive for the flagship Crypto, especially because it seems to be the Psychological level of $ 90,000 And rally to new highlights.
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However, the Crypto analyst warned that a sales signal would be a strong sign that the Bullrun ended. His corresponding graph showed that the BTC sales signal could send a super trend -the NEWSE trend, where the flagship Crypto drops to as low as $ 22,000 in what the peak could mark from The Bear Market.
Crypto analyst Planb recently confirmed That the Berenmarkt is not yet here. Instead, he believes that Bitcoin is still in the middle of a sustainable upward trend and predicts that the price of the flagship Crypto could double this year. This can lead to a parabolic meeting of up to $ 180,000 for BTC. Experts such as Standard Chartered have also predicted that a rally up to $ 200,000 this year is feasible.
In the meantime, the focus will probably be on how the Bitcoin price reacts to Donald Trump’s mutual rateswhich will come into force on April 2. The previous rates led to a wave of sale, so BTC fell to $ 77,000. However, there is also the possibility that Bitcoin has priced in this development and can prevent a further downward trend when the rates are implemented on 2 April.
A new ATH is possible this year
Crypto analyst Titan van Crypto Also confirmed that Bitcoin could see a new of all time High (ATH) this year. This came when he noticed that the upward trend of BTC is intact and that the flagship Crypto reacted strongly around the weekly 50-day exponential advancing average (EMA). His corresponding graph showed that Bitcoin could reach a new $ 121,000 ATH before the year has finished.
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In another X -post he again predicted that Bitcoin could achieve this goal while unveiling a ‘bump and run’ pattern that formed for the flagship Crypto. Titan van Crypto claimed that the uphill run will be epic. A positive thing for BTC is that Whales are actively gathering. Crypto analyst Ali Martinez revealed that more than 22,000 coins were withdrawn from fairs last week.
At the time of writing, the Bitcoin price acts according to around $ 87,500, in the last 24 hours, according to facts Van Coinmarketcap.
Featured image of Unsplash, graph of TradingView.com
