- Coosh’s Alemzadeh has predicted that BTC will attain November can attain $165,000.
- In a word, the analyst mentioned there’s ample proof that the 2019 cycle is coming to an finish.
- At press time, BTC was buying and selling at $30,494.16 after gaining 0.24% within the final 24 hours.
Cryptocurrency dealer and analyst Coosh Alemzadeh predicted on Twitter yesterday that the worth of Bitcoin (BTC) might attain 165,000. USD till 2023 in November by put uphe added that the main month-to-month chart for cryptocurrencies reveals that the market is heading in the direction of the top of 2019. finish of cycle.
At press time, BTC was buying and selling nicely under the goal of $165,000. Nonetheless, it continued to commerce above the psychological $30,000 degree at $30,494.16, based on CoinMarketCap. This comes after the cryptocurrency gained 0.24% within the final 24 hours. Regardless of the each day features, BTC remained unfavorable for the week at -1.04%.
At press time, cryptocurrency buying and selling volumes have been additionally down. This introduced the whole to $8,619,014,128, which was a 63.45% drop within the final buying and selling day.
The optimistic BTC value efficiency over the previous 24 hours was accompanied by a 0.42% enhance in BTC market dominance. This resulted available in the market dominance of the most important cryptocurrency by market cap at round $1.19 trillion. BTC additionally took the #2 spot on CoinMarketCap’s hottest listing, behind meme coin Pepe (PEPE) and above Litecoin (LTC).
From a technical perspective, BTC value was additionally buying and selling above the 9-day and 20-day EMA strains at press time and was seeking to break the following key resistance degree at $31,135. Nonetheless, one technical indicator means that BTC value will likely be rejected by the resistance degree within the subsequent 24-48 hours.
The each day RSI line has crossed bearishly under the each day RSI SMA line over the previous 48 hours. This was a big bearish flag that, if confirmed, might ship BTC value all the way down to the important thing assist degree of $28,850 within the coming week. Then again, if the bearish flag is just not confirmed, BTC could look to interrupt above the beforehand talked about $31,135 degree.
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