2024

United

Bitcoin

Captain

<p>The post <a href="https://coinpedia.org/price-analysis/bitcoin-btc-price-will-remain-in-this-range-for-the-next-couple-of-months/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Price Will Remain in This Range For the Next Couple of Months</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Nearly a week after the approval and listing of 11 spot Bitcoin ETFs in the United States, Bitcoin (BTC) price continues to range below the resistance level of around $44,000. The cryptocurrency market has been reacting to a major green light from the United States government.</p>
<p>Furthermore, the idea of sell-the-news has significantly been diluted by the fact that more cash will enter the Bitcoin industry in the coming years. Additionally, the next two years have been described as extremely bullish for the entire crypto market based on the established four-year cycle.</p>
<p>From a technical standpoint, Bitcoin price has gradually been forming a reversal pattern on the weekly time frame, despite the recent golden cross between the weekly 50 and 200 Moving Averages (MA). Notably, Bitcoin price has formed a double top coupled with a bearish divergence on the weekly Relative Strength Index (RSI), a well-known market reversal pattern. According to the weekly auto-fib extension, the next major support level for Bitcoin price is around $36,322.</p>
<h2 class="wp-block-heading" id="h-btc-price-action">BTC Price Action&nbsp;</h2>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> Not a great Weekly close.<br><br>Now, I anticipate that <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> will likely remain in the Range of 38-45k in the next couple of Months. <br><br>Bulls have a lot of work ahead this year, so they might need a bit of rest.<br><br>Bitcoin halving rally is expected to begin in mid-March.… <a href="https://t.co/gxfayz56pp" rel="noopener noreferrer nofollow">pic.twitter.com/gxfayz56pp</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1746811332463349957?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 15, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>According to a popular crypto analyst alias Captain Faibik on different social media platforms, Bitcoin’s volatility will remain high this year amid a macro bullish outlook. In the short term, the crypto analyst expects Bitcoin price to range between $38k and $45k before rallying towards an all-time high during the third quarter. The bullish expectations are bolstered by the upcoming halving that will slash Bitcoin’s supply by half, and the heightened demand fueled by the approval of spot BTC ETFs in the United States.</p>

Bitcoin (BTC) Price Will Remain in This Range For the Next Couple of Months

Table of Contents

CoinPedia News

Other articles published on Jan 16, 2024

Bitcoin ETF Impact: Arthur Hayes' Bold Prediction Stirs up Market Buzz

Ripple’s Struggle: Analyzing XRP’s Market Performance and Key Levels

BitCountry’s BitAvatar: A True Game Changer in the Metaverse

170 Thousand Dollar Prediction for Bitcoin from Famous Billionaire Anthony Scaramucci! Here is th...

Spot Bitcoin ETFs Surge in Popularity, Leading the Market

Cardano Founder Addresses ADA FUD From Pro Research Team

Join our free newsletter for daily crypto updates!