ICYMI: according to this forecast, bull crypto market is not expected until the fall of 2023 Bitcoin BTC $BTC
, the analyst expects another decline to retest the $19,000 support zone. In the medium term, after a long decline, Bitcoin is expected to rise to the $40,000 mark, which is a strong resistance level. If the rebound is executed, an accumulation phase will begin, where the price will fluctuate in the range of $33,000-$19,000, and when BTC forms aWhat is fascinating about the trader's forecast is the academic nature of the analysis.
This is roughly what a bear market should look like — a rebound, a long and tedious accumulation and a sharp rise.As of now, Bitcoin came near the $24,700 mark at one point. However, yesterday's attempt to break out and consolidate ended with the price returning to $23,600. It is very difficult to say what to expect locally. Both the buyer and the seller are strong. Most likely, the market is waiting for the opening of the SPX 500, which sets the direction of the last weeks.
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