Last month, Bitcoin (BTC) prices showed little growth with range between $ 103,000 to $ 110,000.
Since the creation of the highest new level over time 111,931 dollars in late May, the leading cryptocurrency has seen large levels of selling pressure that prevent other levels from discovering prices.
In the midst of this currently created market, Trader Tardigrade, named X, continues the biotcoin biophageal capabilities with other convincing predictions.
Bitcoin Bull runs away from finishing – analyst
In x mail On June 14, Trader Tardigrade is involved in a capacity of the Bitcoin market that suggests that the main encrypted currency still has room to achieve more price gains based on historical price data.
Using the BTC daily trading chart, Tardigrade is observed the last formation of the golden cross as a simple moving average for 50 days (50sma) via the simple moving average for 200 days (200SMA) amid assets recovery in the past two months.
Source: Trader Tardigrade/X
For context, Golden Cross is one of the most common bi -ups that indicate a significant increase in prices. This occurs when a short -term average moving is higher than the long -term moving average, indicating a potential transformation of monotheism or a declining direction to a strong upward trend.
Since 2023, the three cases of 50/200 SMA Golden Cross have made significant gains in prices by 49 %, 125 % and 68 %.
Next, Tardigrade assumes the latest tips from Golden Cross Tips Bitcoin to reach the market price of at least $ 152,000, which is 44.7 % of the current market prices in the case scenario worse.
However, in the upscale conditions, the analyst expects that the first cryptocurrency can be trading up to $ 229,000, which reflects a price increase of 118 % of the current assessment of the original.
Tardigrade explains the feasibility of these predictions that indicate the bullish trend of the last bitcoin, which produced an estimated 47 % of its lowest levels in April. It is worth noting that bitcoin prices have been strengthened by 656 % since the current market session began in late 2022.
Bitcoin price overview
At the time of this report, the BTC value is $ 10552 after earning 0.20 % last day. The leading cryptocurrency also maintains green on long time frames with 0.03 % and 1.41 % on weekly and monthly plans.
Despite these positive numbers, Bitcoin recently made signs of fatigue, while narrowing the profit margins that reflect the monotheism and side movement during the past week.
However, this cooling momentum did not inhibit the investor’s appetite. It is worth noting that the Bitcoin ETF market witnessed a Strong recoveryThe net flow of 1.37 billion dollars last week, two weeks after the total net external flows of $ 286.81 million.
BTC crosses above $105,000 on the daily chart | Source: BTCUSDT on TradingView.com
Distinctive image from Istock, tradingvief chart
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