Bitcoin

April

Captain

<p>The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/bitcoin-price-analysis-btc-price-might-see-5-7-pump-over-the-weekend-if-this-happens/">Bitcoin Price Analysis: BTC Price Might See 5-7% Pump Over the Weekend If This Happens</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Bitcoin’s (BTC) price has shown signs of consolidation around the $34,000 mark following a recent breakout. Concerns about a potential daily death cross between the 50 and 200 Moving Averages (MA) have diminished. However, the focus of crypto traders is now on the weekly close, which may reveal a macro-rising trend characterized by higher highs and higher lows.</p> 
<h2 class="wp-block-heading" id="strong-bitcoin-price-analysis-for-the-weekend-strong"><strong>Bitcoin Price Analysis for the Weekend</strong></h2> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Bullish Pennant on the 1H timeframe is still in play. <br><br>If Bitcoin Successfully Bounces back and Breaks out from Pennant, We might see 5-7% pump over the weekend.<a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> <a href="https://twitter.com/hashtag/BTCUSDT?src=hash&amp;ref_src=twsrc%5Etfw">#BTCUSDT</a> <a href="https://t.co/XeeyWVBqoH">pic.twitter.com/XeeyWVBqoH</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1717728165433594054?ref_src=twsrc%5Etfw">October 27, 2023</a>
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<p>According to Captain Faibik, a well-known crypto analyst on the X platform, Bitcoin’s price is poised for a 5-7 percent increase over the weekend. This prediction is based on the hourly time frame, which has been forming a bullish pennant. It’s important to note that Bitcoin’s positive outlook is further supported by the “Uptober” narrative, which has witnessed a significant increase in call option trades. Additionally, the recent surge in altcoins has recently resulted in new capital flowing into Bitcoin investment products.</p> 
<h2 class="wp-block-heading" id="h-how-far-into-the-rally"><strong>How Far Into the Rally?</strong></h2> 
<p>As institutional investors seek refuge from high inflation, Matrixport, a prominent digital asset platform, has highlighted its belief that Bitcoin’s price will reach $125,000 by December 2024. Furthermore, the platform anticipates that the ongoing Bitcoin breakout will push the price higher, potentially reaching $45,000 in the coming weeks. Ultimately, the Bitcoin halving scheduled for April next year and the potential approval of a spot ETF in the United States are expected to act as bullish catalysts, setting the stage for a parabolic ascent towards a new all-time high.</p>

Bitcoin Price Analysis: BTC Price Might See 5-7% Pump Over the Weekend If This Happens

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