Convergence

Bitcoin

Momentum

Divergence

<p>Stockmoney Lizards (@StockmoneyL) have shared their&nbsp;analysis on the potential trajectory of Bitcoin leading up to its highly anticipated halving. Despite the prevailing bearish sentiment in the market and a plethora of contrasting viewpoints on Bitcoin’s future value, Stockmoney Lizards present a compelling case for a rally up to $48,000. This projection aligns with the 61.8 Fibonacci retracement level, further reinforcing the validity of their analysis.&nbsp;</p> 
<p>In this article, we will delve into Stockmoney Lizards’ insights, examining their rationale and discussing the implications for Bitcoin investors and enthusiasts.</p> 
<h3 class="wp-block-heading" id="strong-1-significance-of-peak-to-bottom-fibs-strong"><strong>1. Significance of Peak-to-Bottom Fibs:</strong></h3> 
<p>Fibonacci retracement levels are pivotal in the financial trading landscape, serving as essential markers for support, resistance, and price targets, transcending the boundaries of crypto markets. Traders and investors meticulously monitor these levels to decipher potential price movements. In this context, the 61.8 Fibonacci retracement level is particularly noteworthy, as it often acts as a crucial support or resistance level, indicating possible reversals or continuations in price trends.</p> 
<figure class="wp-block-image size-large"> 
 <img decoding="async" loading="lazy" width="878" height="1024" src="https://captainaltcoin.com/wp-content/uploads/2023/09/image-618-878x1024.png" alt="" class="wp-image-345229" srcset="https://captainaltcoin.com/wp-content/uploads/2023/09/image-618-878x1024.png 878w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-618-257x300.png 257w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-618-767x895.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-618-1317x1536.png 1317w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-618-1756x2048.png 1756w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-618-129x150.png 129w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-618-100x117.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-618-300x350.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-618-788x918.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-618.png 1029w" sizes="(max-width: 878px) 100vw, 878px"> 
</figure> 
<h3 class="wp-block-heading" id="strong-2-momentum-reversal-strong"><strong>2. Momentum Reversal:</strong></h3> 
<p>Stockmoney Lizards observe a discernible shift in market momentum, signaling a transition from bearish to bullish scenarios. This shift is evident when scrutinizing technical indicators such as the Relative Strength Index (RSI) or the Moving Average Convergence Divergence (MACD). Additionally, an analysis of the on-balance volume on major exchanges corroborates this momentum switch, highlighting a potential influx of buying pressure in the market.</p> 
<h3 class="wp-block-heading" id="strong-3-the-halving-catalyst-strong"><strong>3. The Halving Catalyst:</strong></h3> 
<p>Reiterating their stance, Stockmoney Lizards emphasize the significance of the upcoming halving event, historically a potent driver of bullish momentum. With two quarters remaining to the halving, the anticipation is palpable, and it is coupled with the expectation of substantial institutional investments pending spot ETF approvals. The convergence of these factors could potentially catalyze a substantial upward movement in Bitcoin’s value.</p> 
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion:</strong></h3> 
<p>While the market is rife with divergent views on Bitcoin’s trajectory, Stockmoney Lizards’ analysis offers a bullish perspective, underpinned by technical analysis and market dynamics. The interplay of Fibonacci retracement levels, a reversal in market momentum, and the impending halving event collectively paint a picture of a potential rally to $48,000. However, in the volatile and unpredictable landscape of cryptocurrencies, it is crucial for investors to approach these predictions with caution and conduct thorough research before making investment decisions.</p> 
<h3 class="wp-block-heading" id="strong-disclaimer-strong"><strong>Disclaimer:</strong></h3> 
<p>This article does not constitute financial advice. It is always recommended to consult with a qualified financial advisor before making any investment decisions.</p> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"> <strong>74% of retail CFD accounts lose money.</strong> 
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc"> <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc. 
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/how-much-will-bitcoin-btc-be-worth-before-the-halving-expert/">How Much Will Bitcoin (BTC) Be Worth Before the Halving? – Expert</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

How Much Will Bitcoin (BTC) Be Worth Before the Halving? – Expert

Table of Contents

CaptainAltcoin

Other articles published on Sep 29, 2023

Ethereum (ETH) Staking Model Can Be Broken by FED

SEC accuses four men of insider trading via Xbox audio chat

Google Cloud has become a validator for the Polygon network

Managing Crypto Portfolio Become Effortless with CoinGecko

Hong Kong’s HashKey Adds AVAX Trading

Examining Prominent Crypto Ventures: Ethereum Classic, Arbitrum, VC Spectra – Which Has The Poten...

Join our free newsletter for daily crypto updates!