Bitcoin

Although Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) has declined from the psychologically important price mark of $30,000 it was trying to surpass in recent weeks, certain <a href="https://finbold.com/guide/chart-patterns/" rel="noopener noreferrer nofollow">chart patterns</a> suggest an uptrend is to follow, even to the possibility of peaking at unseen levels in the next two years.Indeed, the flagship decentralized finance (<a href="https://finbold.com/guide/liquidity-mining-definition/" rel="noopener noreferrer nofollow">DeFi</a>) asset’s monthly accumulation indicators are “showing we are starting to trend up, according to an analysis by a pseudonymous <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> market expert, known on Twitter as Seth, <a href="https://twitter.com/seth_fin/status/1653185688601329667" rel="noopener noreferrer nofollow">posted</a> on May 2.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/c11fe578b4c54829a563974dbb9c97a4.png" />Bitcoin price analysis. Source: <a href="https://twitter.com/seth_fin/status/1653185688601329667" rel="noopener noreferrer nofollow">seth_fin</a>Having said that, the analyst also warned that patience is warranted because:<blockquote>“We are now at <a href="https://finbold.com/guide/support-and-resistance/" rel="noopener noreferrer nofollow">resistance</a>. 20MA monthly is being tough on us. Maybe a small pullback is to come.”</blockquote>As Seth suggested in an earlier <a href="https://twitter.com/seth_fin/status/1653001313775497216" rel="noopener noreferrer nofollow">tweet</a> on a monthly Bitcoin chart with money flow, “institutions and <a href="https://finbold.com/guide/what-is-hodl/#Whale" rel="noopener noreferrer nofollow">whales</a> accumulate here where the money flow is low because they use algos, to not [affect] prices when buying. Retail plebs will buy at the top, act as exit liquidity as usual. Pressing price up!”<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/847fd675803c4679be0be3b65cdfa18b.png" />Bitcoin monthly chart with money flow. Source: <a href="https://twitter.com/seth_fin/status/1653001313775497216" rel="noopener noreferrer nofollow">seth_fin</a>Earlier, Seth posted another chart suggesting an uptrend with a possible chop or two while also announcing a “glorious” 2025 for his long-term <a href="https://finbold.com/topic/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> position, adding that the target price range for the maiden digital asset at that time in the future currently stands at $150,000 – $250,000, as per a <a href="https://twitter.com/seth_fin/status/1653051994649534466" rel="noopener noreferrer nofollow">tweet</a> he shared on May 1.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/d02b44b8a9d84d0ea9c610cf91d73fd3.png" />Bitcoin price analysis. Source: <a href="https://twitter.com/seth_fin/status/1653051994649534466" rel="noopener noreferrer nofollow">seth_fin</a>In the meantime, his analyst is far from being the only one <a href="https://finbold.com/guide/bull-market-definition/" rel="noopener noreferrer nofollow">bullish</a> on Bitcoin. Notably, another pseudonymous <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> expert, Trader Tardigrade, has <a href="https://twitter.com/TATrader_Alan/status/1653056713581535238" rel="noopener noreferrer nofollow">projected</a> that Bitcoin would “blast off” after it leaves the one-week Gaussian channel observed on the digital asset’s chart on May 1.<h2 id="header-0">Bitcoin price movements</h2>Meanwhile, Bitcoin was at press time changing hands at the price of $27,988, seeing a decline of 1.94% on the day and 1.79% in the previous month. On its weekly chart, however, it has recorded an increase of 1.73%, as per the latest information retrieved on May 2.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/3f6387e3a2474e2bae2c72c20f022b6c.png" />Bitcoin 24-hour price chart. Source: <a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">Finbold</a>It is also worth noting that a majority of a panel, consisting of 32 fintech and crypto market specialists interviewed by Finder, have <a href="https://finbold.com/finance-experts-set-bitcoin-price-for-the-end-of-2023/" rel="noopener noreferrer nofollow">projected</a> that Bitcoin would rise as the next few years progress, potentially reaching $99,781 by 2025, as Finbold reported.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

Bitcoin indicators point to uptrend; A ‘glorious’ 2025 in store?

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