Analysis: Crypto community consensus is not bearish, traders optimistically predict BTC will hit $140,000 in the near future
This article is machine translated
Show original
Planet Daily News: Even with the market consolidating, Bitcoin traders are not pessimistic about Bitcoin's price trend. The current community consensus is not bearish, and many believe that the bull market is far from over. Many think Bitcoin is preparing for a new price discovery period. Trader Alan Tardigrade stated that Bitcoin is showing an ascending expanding wedge upward trend, with Bitcoin rising 49%, 125%, and 68% each time this signal appeared since 2023. Another trader, Merlijn, pointed out that Bitcoin's current trend presents a classic price bottom structure in an inverse head and shoulders pattern, with a potential near-term price target of $140,000. (Cointelegraph)
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content
