Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/senior-analyst-predicts-key-opportunities-for-bitcoin-investors-in-may/" data-wpel-link="internal">Senior Analyst Predicts Key Opportunities for Bitcoin Investors in May</a><br></p>
<p style="text-align: justify">A senior analyst who accurately predicted the peak of the crypto market in 2021 has suggested that this May could be one of the last great opportunities for investors expecting a rise in <strong><a href="https://en.coin-turk.com/bitcoin-may-be-repeating-the-terrifying-2015-movement-warns-analyst-benjamin-cowen/" data-wpel-link="internal">Bitcoin</a> (BTC)</strong>.</p> 
<h2 id="bitcoin-correction-expectation">Bitcoin Correction Expectation</h2> 
<p style="text-align: justify">The cryptocurrency analyst known as Dave the Wave has suggested to his followers on <a href="https://newslinker.co/category/social-media/" data-wpel-link="exclude">social media</a> platform X that Bitcoin, the leading cryptocurrency, could correct in the first quarter of this year. However, Dave the Wave mentioned that the correction could ultimately be the most suitable entry point for those wanting to take long positions in <strong>Bitcoin</strong> for the next major bull market expansion, stating:</p> 
<blockquote> 
 <p style="text-align: justify"><strong>BTC</strong> price analysis suggests that everyone will say sell in May and go away… That could be the best time to buy for those who haven’t yet.</p> 
</blockquote> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-305948 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/btc-6.jpg" alt="" width="1200" height="563"></p> 
<h2 id="bitcoin-support-level">Bitcoin Support Level</h2> 
<p style="text-align: justify">Senior analyst Dave the Wave uses a version of logarithmic growth curves (LGC) aimed at predicting the highest and lowest levels of Bitcoin’s market cycle while filtering short-term volatility. According to the analyst, the support levels of LGC are likely to be tested around $30,000 at the long end of the channel or potentially at the $38,000 level if the shorter ascending channel remains strong. The expert stated:</p> 
<blockquote> 
 <p style="text-align: justify">LGC BTC stress test: mild, 38% consolidation of the recent rise in the technical channel possible. Severe, a 38% correction of the entire channel itself is possible. LGC buying zone still okay for investors.</p> 
</blockquote> 
<p style="text-align: justify">At the time of writing, the leading cryptocurrency <strong>Bitcoin</strong> is trading at $41,106, down 1.15% in the last 24 hours.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/senior-analyst-predicts-key-opportunities-for-bitcoin-investors-in-may/" data-wpel-link="internal">Senior Analyst Predicts Key Opportunities for Bitcoin Investors in May</a></h5>

Senior Analyst Predicts Key Opportunities for Bitcoin Investors in May

Table of Contents

COINTURK NEWS

Other articles published on Jan 22, 2024

Frax Finance Launched Frax Bonds (FXB) Token

FTX’s Share Liquidation: Insights Behind Grayscale Bitcoin Trust’s BTC Sale

Coin Center challenges FinCEN rules on crypto mixing

KEKKAI joined the Dmail Network

Shiba Inu’s Market Outlook Amidst Crypto Volatility

Which Top Altcoin To Buy Today January 22: XRP. SHIB, ORDI

Join our free newsletter for daily crypto updates!