everyone on twitter, insta reel and youtube is making prediction related to different cryptos based on chart lines. Do you still believe these chart reading?
Actually I will say from my perspective that in 2025 we shall experience a bullrun and my predictions is not stamped that the price of bitcoin should be something I know that will be upwards always, it has regulations in the market, for those Instagram, twitter and any other social media I know concerning bitcoin, I believe that those thier predictions is to make people to venture more into cryptocurrency investment and especially bitcoin so that it will enhance in making their coins to be known during bitcoin bullrun, some of the speculation of bitcoin getting increased is done because some particular people have agenda or plans of using the influence of bitcoin increment to make their coins to have influence and also propagate in volatility in crypto market.
by reading charts we can predict what will happen next, apart from fundamental analysis, technical analysis can also be used to predict the next movement. In fact, many stock or forex traders have also applied it long before crypto existed, and from the graph we can see the trend that is forming and the possibility that prices will follow the trend, but it is not certain when this will happen.