Are you seeing the news recently since 4 days or a week ago or even more. It has been very positive. Some analysts are saying bear market is over for now, some said that bitcoin can increase to $80000. I am reading more of the news recently.
Today I read another one where someone said the bear sentiment has significantly reduced as more people are expecting bull run instead. People are also expecting a breakout time.
Today I read another one where someone said the bear sentiment has significantly reduced as more people are expecting bull run instead. People are also expecting a breakout time.
Speaking about price predictions, we have always seen many analysts making price predictions, especially when the price is in a stagnant zone, then analysts start posting predictions of falls or rises and it becomes a competition to see which analyst can get it right. For example, I read these two articles today:
Bitcoin price 2-month highs on ‘soft landing’ may precede sub-$60K dip
Quote from: https://cointelegraph.com/news/bitcoin-price-2-month-highs-soft-landing-precede-sub-60k-dip
Bitcoin is marching through overhead liquidity as China announces economic stimulus measures, but some BTC price correction concerns still remain.
Bitcoin analysts say BTC is in a ‘good position’ above the 200-MA and $65K
Quote from: https://cointelegraph.com/news/bitcoin-analysts-say-btc-is-in-a-good-position-above-the-200-ma-and-65-k
Bitcoin’s strong rally puts it in a “good position” where the 200-MA and $65,000 level could potentially serve as a new level of support.
In the next few days we will see which of the two is right.
Very possible the price will increase or this they are just news with positive sentiment for bitcoin price?
In my opinion, every person who owns bitcoin should become an analyst.
Answering your question based on my analysis, I think we can only hope for an upward movement if the price rises above $74,000 and closes above that price on the monthly candles and it has to be a green candle with a lot of volume. For now I'm just seeing the price being stagnant at $52,000 to $73,000. We're not in a bearish or bullish position. It's stagnant.