Is it $ 4 thousand or 8 thousand dollars coming in Bitcoin? Master Analyst Announces With Graphics!
Bitcoin’s last selloff proved to be extremely temporary, as the leading cryptocurrency recently rose above the $ 7,000 region. This led to another encounter with resistance at this price level, which has proven to be insurmountable before. More importantly, analysts believe that bulls have control over bears, as the latest price movement of cryptocurrency creates a bullish technical formation. This formation could cause BTC to enter “full bull mode”, according to an analyst, and this move could send crypto money suddenly to the $ 8,000 zone.
CryptoBirb: Bitcoin enters “full bull mode”!
At the time of writing, Bitcoin is traded close to 5% at its current price of $ 6,900, which marks a major climb from daily lows below $ 6. The bullish response to this initiative allowed recovery of the previous trading range between $ 6,600 and $ 6,800 for cryptocurrency. CryptoBirb, a popular cryptocurrency analyst on Twitter, told 75,000 followers that Bitcoin is now likely to enter “full bull mode”. He also added that in the continuation of the analyst’s statements, BTC created a bull flag:
IF BTC GOES INTO FULL BULL MODE, WHICH I THINK IS THE MOST LIKELY SCENARIO, THE PRICE RISES TO $ 8,000.
Looking at the charts referenced by the analyst, it is seen that this potential bullish move could lead the cryptocurrency to rise to the $ 8,000 region.
Analyst: If Taurus scenario is invalid, BTC visits $ 4,000 levels
However, CryptoBirb, like some analysts, does not believe that Bitcoin is not out of the forest yet. Also, in a later tweet, the analyst emphasizes that if a deterioration occurs in the “symmetry zone” in the region below $ 6,000, it can be terrible for Bitcoin. In this scenario, according to the analyst, Bitcoin can open the doors of a low move up to $ 4,000:
THE UPWARD EXPANSION SCENARIO OF BTC, WHICH I MENTIONED EARLIER, ASSUMES THAT WE ARE LEAVING SUCCESSFULLY AND WITHDRAW SUPPORT. GOING BELOW THE SYMMETRY ZONE MEANS ENDING THIS SITUATION AND VISITING LOW $ 4,000 LEVELS.
It will provide an idea of how Bitcoin will react to the resistance it is currently facing, and in which direction it will move in the next step. According to the analyst, another rejection encountered here could potentially bring dire levels. For other critical news about cryptocurrencies , “Meteoric Forecast: Ethereum Pump Is Coming! These Levels Are On The Horizon ” .