Cryptocurrency

Bitcoin

Secure

GogolCoin

Read

<ul> 
 <li>Bitcoin is currently bearish in a shorter time frame, targeting the $23.5K region.</li> 
 <li>After hitting the $23.5K target, BTC is predicted to enter a phase of sideways movement coupled with some FUD (Fear, Uncertainty, and Doubt).</li> 
 <li>The cryptocurrency is expected to rebound and reclaim the $30K region, entering a bullish phase.</li> 
</ul> 
<p>As Bitcoin navigates turbulent waters, it’s crucial for investors to understand its short-term and long-term trajectories. Currently, the leading cryptocurrency seems bearish in the short term, with market analyses pointing to a downward trend toward the $23,500 region. However, the dip is not necessarily a sign of doom and gloom.</p> 
<p>Once Bitcoin hits the $23,500 target, experts predict a period of sideways movement accompanied by some FUD (Fear, Uncertainty, and Doubt). This period of stagnation could serve as a consolidation phase for the cryptocurrency, setting the stage for a potentially significant reversal.</p> 
<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">Its easy to understand<br><br>Bitcoin is bearish since $30.000 in smaller time frame till target of $23.500 region<br><br>Bitcoin will be very bullish after hitting the target of $23.500, sideway movement and some FUD, afterwards BTC suddenly reclaim 30k region</p>— Doctor Profit 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1e8-1f1ed.png" alt="🇨🇭" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@DrProfitCrypto) <a href="https://twitter.com/DrProfitCrypto/status/1698677563260842355?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 4, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>After this period of consolidation, Bitcoin is expected to reclaim the $30,000 region, thereby turning the tables and entering a bullish phase. This rebound could be sudden and serve as a rallying point for investors who have been patiently waiting for a more favorable market climate.</p> 
<p>So, why does this matter? Short-term fluctuations aside, Bitcoin’s ability to rebound after hitting the $23,500 mark could offer a lucrative entry point for new investors and an opportunity for existing investors to bolster their portfolios.</p> 
<p>In conclusion, while Bitcoin may seem bearish now, this could merely be the calm before the storm. As we inch closer to the $23,500 mark, keep a watchful eye out for the subsequent sideways movement and FUD, as these could be the precursors to a significant bullish turnaround.</p> 
<h4 class="wp-block-heading" id="h-recommended-news">Recommended News :</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/algos-price-holds-steady-at-key-support/" rel="noopener noreferrer nofollow">ALGO’s Price Holds Steady at Key Support, Indicating Potential Re-Accumulation Phase</a></li> 
 <li><a href="https://cryptonewsland.com/floki-announces-ambitious-2023-roadmap-with-key-milestones/" rel="noopener noreferrer nofollow">Floki Announces Ambitious 2023 Roadmap with Key Milestones</a></li> 
 <li><a href="https://cryptonewsland.com/gogolcoin-unveils-its-cryptocurrency-exchange-golex-the-premier-most-secure-exchange-in-mena-region/" rel="noopener noreferrer nofollow">GogolCoin Unveils Its Cryptocurrency Exchange – GOLEX – the Premier &amp; Most Secure Exchange in MENA Region</a></li> 
 <li><a href="https://cryptonewsland.com/gemini-charts-apac-expansion-singapore-to-be-crypto-hub/" rel="noopener noreferrer nofollow">Gemini Charts APAC Expansion: Singapore to be Crypto Hub</a></li> 
 <li><a href="https://cryptonewsland.com/ethereum-blockchain-game-pikamoon-raises-3-6m-final-ico-phase-selling-out-fast/" rel="noopener noreferrer nofollow">Ethereum Blockchain Game Pikamoon Raises $3.6m, Final ICO Phase Selling Out Fast</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/bitcoins-bullish-turn-after-the-23-5k-dip-what-to-expect/">Bitcoin’s Bullish Turn After the $23.5K Dip: What to Expect?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Bitcoin’s Bullish Turn After the $23.5K Dip: What to Expect?

Crypto News Land

Weitere Artikel, die am 4. Sept. 2023 veröffentlicht wurden

Blockchain Security Firm Peckshield Identifies Strange Transactions in Crypto Casino Stake Wallet...

More than half of adult Turks seek inflation hedge in crypto

ByBit Launches AI-Powered Trading Assistant

China’s Central Bank Official Stresses on Use of Digital Yuan in Retail Sectors

Crypto: Grayscale AUM Drops 12% to $22 Billion

LPT Price Pops 99% in a Month, Now a Top Gainer – What Needs to Happen for Livepeer to Hit New ATH

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!