Rally

Bitcoin

Coin

<ul class="news-points"> 
 <li><strong>An analyst posted that Bitcoin’s uptick may not be over for the year, predicting another uptrend.</strong></li> 
 <li><strong>BTC attempted to cross $38,000 but was rejected at $37,917.</strong></li> 
 <li><strong>If buying pressure increases as it has in the last 24 hours, BTC may hit $40,000.</strong></li> 
</ul> 
<p>Crypto analyst Michaël van de Poppe, in a post shared on X, noted that <a href="https://coinedition.com/bitcoin-possible-rally-before-the-halving-depends-on-two-levels/">Bitcoin (BTC)</a> could soon hit another high. From the chart he shared, the analyst revealed that BTC may climb above $38,126 anytime from now on.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Actually, new highs are closer than we think on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a>. <br><br>Buy the dips. <a href="https://t.co/h7FMO1bVrF" target="_blank" rel="nofollow">pic.twitter.com/h7FMO1bVrF</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1724867361608479193?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 15, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>With a Year-To-Date (YTD) performance spanning a 125.57% increase, BTC jumped another 5.21% in the last 24 hours. However, van de Poppe’s post also showed that the uptick could result in a decline in the $36,000 direction.&nbsp;</p> 
<p>At the time of writing, BTC was changing hands at $37,501. The hike in BTC’s value could be linked to the opportunity buyers may have spotted on the BTC/USD chart.&nbsp;</p>    
<h2 class="wp-block-heading" id="h-up-only-for-bitcoin"><strong>Up Only for Bitcoin?</strong></h2> 
<p>A look at the Relative Strength Index (RSI) showed that the value dropp…</p>
<p>The post <a href="https://coinedition.com/is-bitcoin-btc-ready-to-rally-and-click-another-yearly-high/">Is Bitcoin (BTC) Ready to Rally and Click Another Yearly High?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Is Bitcoin (BTC) Ready to Rally and Click Another Yearly High?

Table of Contents

Coin Edition

Other articles published on Nov 16, 2023

How BNB, XRP & $ROE Are Defying All Odds to Turn Strong Profits in 2023

South Korea's NPS Invests $19.9M in Coinbase Shares

The Increase in Risk Appetite in Bitcoin Benefited These Altcoins the Most! Here are the Winners ...

Bitget Lists Ordinals based RATS (RATS) Token in its Innovation Zone (16 Nov)

Nocturne Launches on Mainnet to Bring Private Accounts to Ethereum

Analyst Predicts ADA Price Surge: Drawing Parallels to 2018-2020

Join our free newsletter for daily crypto updates!