These Analyses Show Bitcoin Has Finally Bottomed and Reveal When BTC Price Will Reach $250k

2024-7-11 19:45

Top crypto analyst Ash Crypto, with more than 1 million followers on X, has stated nine reasons to prove that Bitcoin’s price could have bottomed over the last two days. Their reasons are a combination of various technical and fundamental analyses. 

Let’s look at the analytical reasons in the following paragraphs. 

The first reason for this thought is that more than 68,000 BTC have gone out of exchanges, and this large amount was last seen in July and November 2022. Another reason is based on the Wyckoff technical pattern that BTC has been replicating; this pattern typically triggers price accumulation before an exponential price rally starts. 

I've analysed the market over the past
2 days and this could be BTC bottom.

I've compiled some TA and FA.

Read below!

1. Bitcoin Netflow in Exchanges

There's 68.4k $BTC going out of exchanges. This large amount was last seen in July and Nov 2022.

2. Wyckoff Method

Bitcoin… pic.twitter.com/klDZYgjjof

— Ash Crypto (@Ashcryptoreal) July 10, 2024

Additionally, Fed net liquidity shows a strong spike, which is similar to the rate of change that happened in March 2023. Ash Crypto noted here that the price of Bitcoin pumped by more than 38% in a week. 

Based on the rainbow charts, every time the price rises in the purple zone, it doesn’t go back until Bitcoin reaches an all-time high. At different points in the purple zone, it is represented by a price bottom and the cheapest zone to buy Bitcoin.

Read Also: This Theory Predicts Chainlink (LINK) Will Hit $100+ in 2025

Ash Crypto also talked about rate cuts in the United States. Based on multiple market analysts, they are holding off on rate cuts until the election, which could be a political move. Once the interest rate is down, investors’ money will flow into the market. 

Another factor discussed is the United States presidential election. With the ongoing debate, it is obvious that a candidate who supports crypto has a strong chance of winning. This gives Donald Trump, who is publicly supporting crypto, an 85% chance of winning the election after the presidential debate with Biden.

.rh-colortitlebox{margin-bottom:30px;background:#fff;line-height:24px;font-size:90%}.rh-colortitlebox .rh-colortitle-inbox{display:flex;align-content:center;padding:15px;font-weight:700;font-size:110%; line-height:25px}.rh-colortitlebox .rh-colortitle-inbox i{line-height:25px; margin:0 10px; font-size:23px}.rh-colortitlebox .rh-colortitle-inbox svg{width:25px;margin-right:10px}.rh-colortitlebox .rh-colortitle-inbox-label{flex-grow:1}.rh-colortitlebox .rh-colortitlebox-text{padding:20px}.rh-colortitlebox-text>*{margin-bottom:20px}.rh-colortitlebox-text>:last-child{margin-bottom:0} New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW.rh-toggler-open{height:auto !important} .rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important} .rh-toggler-open .rh-tgl-hide{display:block !important} .rh-tgl-show, .rh-tgl-hide{cursor:pointer} .rh-contenttoggler *{box-sizing: border-box !important} .rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;} .rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}

Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!

Sponsored

Show more +Show less –

Last week, the Bitcoin ETF also showed a positive inflow after three straight weeks of outflows, and this is positive for BTC. This could also attract more investors to crypto. 

Ash Crypto also noted that the price has bottomed, but we could still see some minor red candles due to Mt. Gox and German government FUD. 

He noted that Bitcoin will easily see $150,000 to $250,000 without stress in early 2025.

Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?
Get all our future calls by joining our FREE Telegram group.

Check $RECQ Meme Coin Sponsored: Invest Responsibly, Do Your Own Research. Buy RECQ Today Serves as the base currency for all transactions within the Rebel Satoshi platform
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.

The post These Analyses Show Bitcoin Has Finally Bottomed and Reveal When BTC Price Will Reach $250k appeared first on CaptainAltcoin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 98154.62 (+0.65%)
Объем 24H $93.154b
Изменеия 24h: 5.25 %, 7d: 8.25 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1942.026b Rank 1
Цена в час новости $ 57688.31 (70.15%)

bottomed crypto price analyses reasons bitcoin could

Источник: captainaltcoin.com

bottomed crypto → Результатов: 88


Bitcoin supply on exchanges lowest since 2017 bull market peak, but why? On-chain report

Key Takeaways 11.8% of the Bitcoin supply is currently on exchanges, the lowest mark since 2017 Supply of Bitcoin on exchanges has been consistently falling since March 2020, when crypto bottomed ahead of the explosive pandemic bull run Originally, people pulled Bitcoin to participate in vibrant crypto ecosystem, with high volumes and activity and much […] The post Bitcoin supply on exchanges lowest since 2017 bull market peak, but why? On-chain report appeared first on CoinJournal.

2023-2-25 18:35


Фото:

On-Chain Analyst Expects Next Bitcoin Bull Cycle To Be More Aggressive – Here’s Why

On-Chain crypto analyst Willy Woo predicts incoming volatility that could thrust Bitcoin’s price higher, taking out this year’s all-time high. According to the seasoned analyst, most of whose predictions have come to fruition noted that BTC’s dormancy had bottomed and expects the next bull cycle to be more aggressive. No Bear Market in Sight On […]

2021-8-6 15:08


Фото:

Has Ethereum bottomed relative to Bitcoin?

Skew, a London-based data provider for Bitcoin and Ether derivatives, recently raised the question that most investors in the industry have been asking themselves for a while: “has Ether bottomed relative to Bitcoin?” Even though the founder of the Crypto Cast Network, Vortex, did not hesitate to respond that Ethereum looked “pretty dead” to him, […] The post Has Ethereum bottomed relative to Bitcoin? appeared first on CryptoSlate.

2019-11-12 21:45


Мнение: сейчас хорошее время для покупки биткоина

Глава биржи Binance Чанпэн Чжао сделал ретвит поста о том, что вопреки паническим распродажам сейчас подходящее время для покупки цифрового золота. The Crypto Fear & Greed Index has not been this low since December 15th 2018.

2019-8-16 11:19


Bitcoin Likely Bottomed At $3,150, Could Rally To $10K By December 2019

Has Bitcoin (BTC) bottomed? This is the question that has pained crypto investors since BTC plummeted to $3,150 in the middle of December. While some, especially those subscribed to the Hyperwave theory, claim that cryptocurrencies are poised to head lower, a leading analytics researcher claims that if historical trends are followed, the bears have already.

2019-4-22 16:30


дальше еще 39 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru