The prominent Burk Kesmeci prominent encryption analyst Bitcoin (BTC) provided a targeted price of $ 124,000 based on data from the gold rate double form. This upward prediction comes after impressive prices in the past week, which suggests that the first cryptocurrency may have more space for instant price growth.
Could Bitcoin return to the goal of the peak of 1.6X accumulation?
In x mail On April 26, Burco Kesmeci shared the latest updates about the Bitcoin Golden rate, indicating data from Bitco Magazine Pro. For context, the multiplier golden ratio model and Fibonacci ratios are used to help determine when BTC or its value may be estimated, indicating the potential market peaks or good accumulation opportunities.
According to the graph below, Bitcoin recently re -testing an average of 350 per day (350DMA) at $ 77,000. As the name suggests, 350DMA tracks the average BTC price over 350 days and works as a major support zone. Touching or dipping for a short period often indicates a long -term potential purchase opportunity.
Bitcoin recently turned away from 350DMA, after its price dropped to $ 75,000, followed by two subsequent prices for trading up to 96,000 dollars.
Watching with price ranges on the golden double rate, BTC is now heading to a height of 1.6X accumulation, or 1.6 times 350 DMA, which is currently $ 124,000. Therefore, despite the constant standardization of prices, BTC is likely to produce another prices based on the price of the golden double rate.
Interestingly, when Bitcoin moves near or above this level, it often indicates the end of the accumulation stage and the start of a stronger rise. Therefore, BTC, which reaches $ 124,000, will only pave the way for other gains in line with the noble goals of some market analysts.
BTC miners get $ 18.60 million
In other news, another encryption analyst, Ali Martinez, Reports Miners workers have recently benefited from impressive bitcoin prices, they achieved about $ 18.60 million of profits, as prices rose to $ 94,000.
This increase in profit highlights that the first miners get strategic profits at these high price levels. However, it should be noted that Bitcoin maintains a strong upscale momentum despite this pressure pressure, which is fed by multiple factors, including strong flows in trading investment funds.
At the time of writing this report, the BTC value is estimated at $ 94,393, which reflects a decrease in prices by 0.76 % last day.
Distinctive image from Investopedia, tradingvief chart
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