Bitcoin’s Next Move? Technical Indicators and Predictions by Top Analysts

The bitcoin price, which struggled to stay above $12,000 a few days ago, is now trying to protect $10,000. So what is the next move for BTC?

The price of bitcoin, which was discussed above $12,000 until a few days ago, suddenly turned upside down. Although the crypto, which dropped below $10,000 four times, managed to maintain this support at the end of the day, it is a wonder what the next move will be.

An investor with the pseudonym FeraSY1 to address this issue shared four signs for BTC that hinted that the next step would be positive.

4 reasons for bitcoin price to rise

  1. When it reached its long-term support, bitcoin formed a four-hour bullish divergence.
  2. There is an upward trend on a range of altcoins.
  3. A series of “golden pockets” have emerged, indicating that bitcoin and other cryptocurrencies have reached a healthy retracement point.
  4. BTC dominance has reached a key resistance level.

Even though no bounce has been seen yet, bitcoin’s macro outlook continues to be optimistic, according to the analyst.

Weekly Bitcoin Chart
Weekly Bitcoin Chart | Source: CoinGecko

Credible Crypto: “Bitcoin price will drop $9,600 soon.”

Well-known trader and analyst Credible Crypto shared his latest bitcoin prediction with his followers. Posting a tweet from his 65,000-follower Twitter account, the analyst said he thinks BTC will soon drop to $9,600 and fill the gap in the CME chart.

I wasn’t expecting this for BTC but the CME gap-filling prophecy seems to come true (under $10,000). ETH still hasn’t reached my minimum target ($360) and I don’t believe BTC will fall without falling. Regardless, we are in HTF support and I expect this to be valid.

Tyler Winklevoss: “$10,000 is the new base.”

Tyler Winklevoss said he came to the conclusion that $10,000 is the new base value and bottom point for BTC. Winklevoss also expressed optimism that bitcoin is currently consolidating before its next rise.

So what do you think will be bitcoin’s next move? Share your comments with us below.

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Disclaimer: The information in the content is not an investment advice. Author and are not responsible for your profit or loss. Every investment involves risks and requires knowledge.

Coin Journo
Coin Journo
The young talent, who works in various media organizations and reticulate the industry, has carried his experience to the crypto. Co-founder @ Coin Always.

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