Is the Bitcoin late point in it or not? Crypto analysts disagree

Is the Bitcoin late point in it or not? Crypto analysts disagree

In mid-January, crypto investors want to know why the Bitcoin price was upset. Is it a dead cat bounce, a bull trap, or will the BTC floor soon reached, if not over? Crypto analysts have given a wide range of opinions.

The Bitcoin price remained in the rejection area until December. Seller separated from the coin to crypto stock markets for $ 16,750 and less per 1 BTC. Then the cryptom market came into a tailwind of macroeconomic risk.

After inflation cooled down, the number of employment improved and consumer confidence increased in December, crypto prices broke out.

With the turnover of the new year, the rally picked up speed. Then the bulls took it parabolic last week.

has the Bitcoin floor already reached?

Is a Bitcoin floor here? Some crypto analysts say yes

Sean Farrell from Fundstrat is encouraged that the low point of Bitcoin is close after the rally from BTC has eliminated many losses from Alameda-ftx. Farrell says that there is a "high probability" that the "absolute" floor for Bitcoin prices is close.

He is Vice President for Digital Strategy at Fundstrat Global Advisors. The market strategy and financial research company has been optimistic about cryptocurrencies for years.

A popular cryptoanalyst that is known as the nickname "Smart Contractor" He over 280,000 Twitter followers on January 13 that his gut feeling told him that the low point was reached. It is attributed to the Bitcoin floor in 2018 correctly.

but smart contractor also had a few The cryptoanalyst pointed out that the recent rally broke two diagonal resistance trend lines. One was from November 2021 ATH. The other started with the downward trend of the BTC Prize since June 2022.

"This weekly BTC candle is a solid AF that breaks through very important trend lines, and the momentum of the low time frame is still strong."

REKT Capital, another popular crypto dealer and analyst with over 333,000 Twitter-Followers wrote the same weekly candle from :

"This current BTC Weekly Candle looks very similar to the Weekly Candle from April 2019, which confirmed a new bull market"

Based on a multi-year analysis of Bitcoin's halving cycle, REKT Capital expects a Bitcoin price limit in 2023.

some disagree

the crypto lemon, a trader since 2016, Bitcoin price in front of us, but we still have a long way to reach us before we reach it.

lemon uploaded the famous Wall Street Cheat Sheet graphic. But contained processing lines to show that you believe that prices are still heading for a macrobod that is not yet there.

Cryptoquant correctly based on the pnl-index The valley sole has not yet been reached for the bear/bull market cycle.

katie Stockton from Fairlead Strategies says that technical over -the -purchase indicators indicate that we have not yet reached the low point. She predicts that there will be a pullback at the next Fibonacci retracement level near $ 21,500.

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