Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Cheema02 on December 31, 2023, 12:13:41 PM
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Hi, Bitcoin struggle to maintain a $43,000 threshold hasn't deterred crypto analyst Ali Martinez from projecting an intriguing trajectory. Martinez predicts Bitcoin may ascend to $50,000 drawing insights from a historical pattern identified between 2016 and 2019 on the weekly chart. He likens current price action to that observed in the previous decade, suggesting a potential surge in BTC value. But this surge could be followed by a considerable 40% plummet.
(https://i.ibb.co/qm8Lr3x/GCj-Qdf-VWMAAC0bl.jpg) (https://ibb.co/44LwVnJ)
Bitcoin is trading at $42,101 down 1.5% from the previous day, which is consistent with negative patterns. Even after a difficult week and an almost 4% decline over the previous seven days Bitcoin December performance demonstrated a 10% gain capping 2023 comparatively well. Bitcoin experienced a remarkable 150% increase this year securing its for more details (https://www.newsbtc.com/bitcoin-news/this-bitcoin-historical-pattern-could-send-price-to-50000-before-major-correction-analyst/)