Bitcoin

Material

Pocket

After navigating through a challenging two weeks marked by a significant 21% price dip, <a href="https://optimisus.com/news/crypto-news/bitcoin-btc-price-surges-7-6-to-48517-following-us-approval-of-first-spot-bitcoin-etfs/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> staged an impressive comeback, concluding the last week on a positive note.  
The flagship crypto's strong performance resulted in the formation of a Doji Hammer candle on the weekly chart, indicating a possible bullish reversal.  
This resurgence has successfully pushed Bitcoin's price back into its previous trading range of $41,300 to $45,000.  
Keith Alan, co-founder of Material Indicators, emphasized the importance of this pattern, suggesting, "Looks like we have a Doji Hammer candle forming on the BTC Weekly chart. That typically indicates a bullish reversal is coming. […] If we do indeed print a Hammer, Bitcoin bulls will need to overcome resistance at the bottom range of the Golden Pocket to have a chance at a meaningful move to retest the $44k–$45k range."  
However, the crypto market is currently bracing for the impact of the first Federal Open Market Committee (FOMC) meeting in 2024. <a href="https://optimisus.com/news/crypto-news/spot-bitcoin-etf-approval-will-send-btc-price-to-80000-says-forbes/" rel="noopener noreferrer nofollow">Bitcoin</a> dropped below $42,300 at the writing time. 
The post <a href="https://optimisus.com/news/crypto-news/bitcoin-will-hit-45k-soon-says-a-crypto-analyst/" rel="noopener noreferrer nofollow">Bitcoin will hit $45k soon, says a crypto analyst</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Bitcoin will hit $45k soon, says a crypto analyst

Optimisus

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