Based on the analysis of economist Henrik Zeberg, Bitcoin‘s (BTC) value is predicted to hit between $110,000 and $115,000 in the coming months.
TGH Special Guest | Henrik @henrikZeberg shares his Melt-up then Meltdown Narrative.
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He is inclined to view the monthly RSI as a model of bullish cycles. Achieving the point where the superior BTC RSI is 70 has historically been shown to be a precursor to rapid price growth spikes. Zeberg’s bullish bias increases as Bitcoin’s RSI is currently at 71, which he uses as a bullish indicator. In addition to that, he predicts that the Bitcoin price may exceed $250,000.
“In an even more outrageous scenario, I believe we have the potential to hit $250,000, but my goal is between $110,000 and $115,000,” he explained.
Currently, Bitcoin is priced at $66,624.39. According to Zeberg’s prediction, the market is expected to rise even more in the coming days.
Keeping that thought in mind, it’s important to note that the cryptocurrency market is known for its significant price fluctuations.
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2024-04-23 02:28