The piece also presented two possible scenarios:
- further decline
- potential recovery.
I’d love to hear your thoughts on how the technical indicators might influence Bitcoin’s next move.
Yes, but it presents them in the very short term, and, of course, invites you to keep reading the next articles to keep up to date with more short term predictions. I am not too keen on short term predictions and technical analysis because experience shows us they are not reliable.
Anyway, I believe that it won't be long before there will be a big move that will slowly take us to close to $100K. I don't know if it will be next week or in a couple of months but at the time of the cycle we are in and with the current situation, with spot etfs approved and Bitcoin being a topic of the US elections, going up to that figure is within the normal, routine.