Crypto Expert Predicts Bitcoin Set for Another Significant Surge
Publication Time:2024-07-22 19:08:11
According to analysis, key figure PlanB in the cryptocurrency market believes that Bitcoin is set for significant growth. He thinks the bull market has just begun, and with the upcoming halving event, Bitcoin could show strong momentum over the next three months. The RSI indicator currently stands at 67, indicating that the market is preparing for an upward move. Bitcoin's price has broken above the 200-day moving average, with the current price above $38,000. The actual price is high and continues to rise, with support estimated around $65,000. Additionally, the realized profit rate for most BTC investors exceeds 90%, which may be a significant factor driving Bitcoin's rise. All these signs collectively suggest a positive outlook for Bitcoin's future performance.
Bitcoin
RSI
bull market
halving
moving average
Realized Profit