An analyst with a history of Bitcoin calls in timely believes that BTC is preparing to bomb a large bullish despite his struggle to clarify the level of $ 110,000.
The wicked analyst Dave tells the wave 153,800 followers on the social media platform X that he is closely monitoring the intermediate rapprochement index in Bitcoin (MACD) on the weekly graph.
MACD is a technical indicator that tracks rapprochement and deviation in moving averages to measure the momentum of assets and direction with the determination of possible reflection areas.
According to the Dave The Wave, Macd Weekly BTC Suggest This bitcoin is a rise and is preparing to strike a Qatari resistance that has been characterized by market design since 2012.
“On the basis of the weekly BTC MACD extension, you expected another payment.”
Looking at the trading scheme, it appears to indicate that MACD will rise to the Qatari resistance by the end of the year, just like BTC Rallies to $ 160,000.
Takbar, Dave wave He says The monthly timetable supports its long -term bullish outlook on BTC.
“Long -term BTC MACD turns up again …”
But in the short term, the analyst believes that bitcoin will slip to about 98,000 dollars, as it can be printed a local bottom before raising the new gatherings.
“Will it be great to see BTC PRICE unifying a little less than $ 100,000 before moving again? Certainly, you will only think snow chips …”
At the time of writing this report, Bitcoin is traded at $ 104,348.
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