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Cryptocurrency market predictions by experts are closely followed by investors. Experts shared their expectations for the next stage by examining the outlook for Bitcoin and altcoins. So, what are the current market predictions of the closely watched experts? What awaits investors at this stage?
Bitcoin and Crypto Expert Predictions
Cryptocurrency commentator Alan Tardigrade, in his latest assessment published on his social media account today, discussed the differences/similarities of BTC in mid-February and its current situation. According to him, the indicator that previously pushed BTC to its all-time high is signaling to move again.
“Is it a coincidence or is the price going in the same direction again? Bull Flag and MACD Bull Cross at the same time. After the Bull Flag breaks, BTC will rise further.”
Since April, the MACD, which has been forming red candles in a three-day period, is now lighting green candles again. In crypto, green means more dollars for everyone.
Bitcoin Bull Flag
Bitcoin (BTC) price is simultaneously forming a bull flag in dollar parity. This outlook, which supports the expectation of an upward breakout, further raises hopes. The three-day MACD, combined with the current Bitcoin bull flag and ongoing uptrend, makes many experts look forward to the coming period with excitement.
The Bitcoin price, which has been lingering below the highest level of March for about three months, convinces many experts that this will continue for a while. Experts are concerned because such consolidation periods have extended in previous times.
Fundstrat Global Advisors’ estimate for 2024 is still 150 thousand dollars in terms of peak. The company, which predicted months ago that the Bitcoin price would reach 150 thousand dollars before the end of the year, has not backed down despite all that has happened. The loudly voiced target for June is that BTC could rise to 85,000 dollars with a short-term rally.
The only certain thing is that the parabolic rally period has not yet started. This is motivating for greater profit opportunities.
