RATE Group | Here’s What Analysts Expect Next
79976
post-template-default,single,single-post,postid-79976,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Here’s What Analysts Expect Next

18 Feb Here’s What Analysts Expect Next

Posted at 22:48h in Bitcoin News by

[ad_1]

Just minutes ago as of the time of this article’s writing, Bitcoin exploded past $10,000 after a nearly-10% correction that brought the asset to $9,500.

The cryptocurrency has yet to register a multi-hour or daily candle close above this level, though analysts say this latest break of the psychological $10,000 resistance is a likely precursor to a resumption of the long-term bull trend.

Bitcoin’s Move to Reclaim $10,000 Just the Start: Analysts

Gerald Walker, who has a moniker “The Wolf of All Streets,” remarked that Bitcoin remains in an ascending channel and is forming a wave pattern that will take it past $11,000 in the coming days.

The channel and wave he was referring to can be seen in the tweet below, which shows that Bitcoin bouncing off a crucial horizontal and diagonal support around a Fibonacci Retracement is priming the asset for a thrust to $11,000.

Walker added that as long as the $9,060 level stays intact, he expects to see “higher prices.”

[ad_2]

Source link

Tags:
, ,