Cryptocurrency markets are shaped by many factors, making it difficult for investors to keep track of all of them. However, expert commentators in the crypto field offer different perspectives, making it easier for investors to understand where the price is going. The post Crypto...
Cryptocurrency markets are shaped by many factors, making it difficult for investors to keep track of all of them. However, expert commentators in the crypto field offer different perspectives, making it easier for investors to understand where the price is going. Today, we will examine expert predictions made in a short period of time to understand where the price is heading.
Crypto Currency Commentators Predictions
Investors can examine different opinions without breaking their own biases, knowing that expert commentators cannot predict the future. Aligning positions with analysts’ strategies can lead to losses, and none of these experts will take responsibility for your losses.
Matthew Hyland
First on the list is popular analyst Matthew Hyland. The optimistic cryptocurrency analyst focuses on RSI. In his latest comment, the popular expert wrote the following to confirm the upward movement:
“We will confirm a major breakout from a consolidation that potentially lasts more than 6 months. There is also a possibility that the weekly RSI will rise to a higher level and then enter a downward trend.”
According to the analyst, if the strong BTC can maintain this, the rally can continue. At the time of writing, the RSI was at 69.
Titan of Crypto
The second popular crypto analyst said that we could be on the verge of a $40,000 move. If we see such a move in the short term, it will even surprise the bulls.
“If it manages to close above the daily candle range and hold $34,500, Bitcoin can teleport to $40,000 in the blink of an eye.”
Bluntz
Another analyst having difficulty believing in the rise is Bluntz. According to the analyst, the speed at which BTC broke $32,000 was extremely interesting and surprising. He also says that it is crazy that the $34,000 region can be maintained.
“Doubt and disbelief still continue.”
According to the analyst, it may take time for investors who cannot believe in the rise to get rid of bear market psychology.
Rekt Capital
Rekt Capital, who said weeks ago that BTC would drop further, is the most well-known among the surprised experts. CME futures gap and the 2017 peak indicate $20,000. The historical performance before the halving also suggests that the current period should be negative. However, this is not the case.
Rekt has started to deviate from the rise and fall scenario as time goes on, and defined the drop to $20,000 as the worst-case scenario.
“This means a 42% drop. How likely is this to happen? The probability of worst-case scenarios coming true is usually low.”
CrediBULL and Mark Cullen
The fifth analyst, CrediBULL, said that the possibility of BTC dropping to $20,000 is almost zero. According to the analyst, BTC is about to surpass $40,000, and it’s just a matter of time. The sixth analyst, Mark Cullen, draws attention to the new test scenario for the king of crypto.
“If it breaks down again, then I think there could still be lower levels on the table. Bulls really don’t want BTC to trade below the $32,500 level for any period of time, but they are not looking for liquidity outside the bottom wick either.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware of the high volatility and therefore risk associated with cryptocurrencies and should conduct their own research before making transactions.
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