Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Cheema02 on March 31, 2024, 03:19:31 AM
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Hi, Investors are feeling upbeat as a result of the recent spike in the price of Bitcoin which has seen significant gains that are reminiscent of the excitement that Christians often experience during Holy Week. In addition to having an effect on Bitcoin this rising momentum has resulted in notable gains over the previous week in the larger cryptocurrency market. Analysts are already keeping a watch on a possible upward trajectory for Bitcoin with well-known cryptocurrency commentator Ali Martinez of the X platform projecting a $75,000 price objective
(https://i.ibb.co/VHV5Djx/GJ1-Ve-Lg-Ws-AAX8z-U.jpg) (https://ibb.co/YD2w8RX)
Analyst Martinez bullish prediction is predicated on the emergence of an inverted head-and-shoulders chart pattern which points to a possible reversal of the rising trend in the price movement of Bitcoin. Martinez estimates that if Bitcoin stays above the 200 exponential moving average (EMA) and breaks above the neckline barrier at At $71,580, it might push the price closer to $75,000, setting a new record for the cryptocurrency. Even though there has been a slight decrease in price during the last day Bitcoin is still rather strong as of this writing its value is $70k. i think Bitcoin's price has increased by an astounding 10% in the last week hitting a high of $71.5k earlier. With a market valuation of more than $1.37 trillion, Bitcoin maintains its position as the largest cryptocurrency in the business even though it is now down around 5% from its all-time high. details (https://www.newsbtc.com/news/bitcoin/can-this-bullish-chart-pattern-propel-bitcoin-price-to-75000/)
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I had read 'bullshit bitcoin forecast' and thought it was a thread in an ironic tone or something, LMAO.
Well, since the article was published until now it has been 4 days and the price has dropped to the $66,000 but we are there. The price can go up to the predicted $75,000 in 4 or 5 days without having to have spectacular sessions upwards. In any case, I don't know how long it will take but we will get there, I would bet within a month at the most.
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Re: Bullish Bitcoin Forecast Could BTC Surge to $75,000?
Like I always say, it's only a matter of "WHEN" it will happen.
We know already that we will reach that price sooner than we can imagine. Again, this is another scenario of "predicting what's sure to happen" where analysts will predict something that we know will happen anytime soon. They're just announcing it online so that they can show that they can make a correct prediction that can affect their reputation. If you know how Bitcoin moves, you know that Bitcoin will reach $75,000 a few month after the halving event, right?
Overall, we will reach there soon like what many investors are expecting as well. For now, let's just be patient and wait for that moment to happen.