CandleFocus Is a Bitcoin bull run on the horizon? Analysts signal trend shift
2024-09-22
Author: Content Editor
The article discusses the possibility of a trend shift in the Bitcoin market from a bearish to a bullish trend. Several analysts have pointed out the lower highs and lower lows in Bitcoin's price charts, indicating a downward trend. However, two different analyses have identified bullish indicators that suggest a potential rally in the near future. The first analysis notes the formation of a higher low, which could lead to a higher high and initiate the trend shift. The second analysis predicts Bitcoin reaching $130,000 per coin, with the analyst changing their perception from bearish to bullish. Additionally, the CEO of Van Eck forecasts Bitcoin reaching $350,000 in the long term. The article concludes by suggesting that now might be a good time to consider positioning for a trend shift and potentially higher highs and higher lows in Bitcoin's price.
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