Solana

Strong

Bitcoin

Chainlink

Cosmos

<ul class="Summary">
 <li>Key indicator signals a strong momentum for <a href="http://en.coin-turk.com/bitcoins-long-term-holders-break-records-with-14-5-million-btc/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>.</li>
 <li>Despite market dips, BTC and ETH maintain strength.</li>
 <li>Altcoins like Solana and Cosmos remain noteworthy.</li>
</ul>
<p style="text-align: justify">A closely followed analyst in the cryptocurrency markets has suggested that Bitcoin (BTC) is about to surge due to a key indicator pointing to strong momentum.</p>
<h2 id="strong-support-for-bitcoin">Strong Support for Bitcoin</h2>
<p style="text-align: justify">Macroeconomist and cryptocurrency analyst Henrik Zeberg stated on <a href="https://newslinker.co/category/social-media/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">social media</a> platform X that the weekly Relative Strength Index (RSI) of BTC indicates a strong factor behind the cryptocurrency. Investors closely monitor the RSI as it can signal the continuation of a trend. According to Zeberg, BTC’s RSI has entered the rising zone three times before, each time followed by a surge. The analyst stated:</p>
<blockquote>
 <p style="text-align: justify">BTC: Weekly RSI ‘entered a strong momentum. BTC surged powerfully the previous three times before moving into this area. This time will be no different! Bitcoin will rise!</p>
</blockquote>
<p style="text-align: justify">Additionally, according to the founders of market data analytics firm Glassnode, known as Negentropic on platform X, both BTC and Ethereum (ETH) are still in a strong position despite the recent pullback in the cryptocurrency markets.</p>
<p><img decoding="async" class="alignnone size-full wp-image-284070" src="https://coin-turk.com/wp-content/uploads/2023/12/analist.jpg" alt="" width="1835" height="893"></p>
<h2 id="latest-on-altcoins">Latest on Altcoins</h2>
<p style="text-align: justify">Negentropic pointed out that BTC is watching the $42,000 level and named some altcoins to watch, such as Solana (SOL), decentralized oracle provider <a href="http://en.coin-turk.com/chainlink-link-bulls-regain-momentum-following-temporary-value-loss/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Chainlink</a> (LINK), and interoperable blockchain Cosmos (ATOM). The analyst stated:</p>
<blockquote>
 <p style="text-align: justify">The cryptocurrency market, having risen to its highest levels in several months, is experiencing a slight retreat. Nonetheless, BTC and ETH are showing resilience. BTC is targeting $42,000 after a spectacular 30% rise since October, while ETH continues to stay solidly above $2,000. Regarding altcoins: Solana, Cosmos, Sei, Chainlink, and ScapesMania are drawing attention.</p>
</blockquote>
<p style="text-align: justify">Bitcoin is currently trading at $39,493, marking an approximate 2% increase from the previous day.</p> <span style="font-weight:bold;font-size:16px">Continue Reading:</span> <a href="https://en.coin-turk.com/bitcoin-shows-strong-momentum-analyst-predicts-surge/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/bitcoin-shows-strong-momentum-analyst-predicts-surge/</a>

Bitcoin Shows Strong Momentum: Analyst Predicts Surge

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