ביטקאָין פּרייַז מיטינג אין קראָם? בטק קריייץ גרעסטן טאָמיד אראפנידערן בראָדאַנינג וועדזש

After a difficult couple of weeks for the קריפּטאָקוררענסי מאַרק, which witnessed a dramatic price collapse of most of its assets, the sell-off seems to be slowing down, and ינוועסטערז און קריפּטאָ טריידינג experts are trying to predict the future price of the largest token – Bitcoin (בטק).

One of these chart analyses demonstrates the largest descending broadening (or broadening falling) wedge for ביטקאָין in history, according to a טוויט by the pseudonymous crypto expert known as וואָנצעס, ארויס דעם 16טן נאוועמבער.

Bitcoin price movement analysis and future estimation. Source: וואָנצעס

As the analyst explained, “price has always risen rapidly after that,” referring to the similar large descending broadening wedge patterns that Bitcoin had previously formed in 2019 and 2020.

Specifically, the chart analysis posted by וואָנצעס shows that this rise he is predicting could occur in the first half of 2023, possibly even (briefly) nearing the all-time high (ATH) of $69,000 before settling in at around $40,000.

Is 2023 the big year for Bitcoin?

Earlier, the popular crypto analyst pointed out that Bitcoin had to hold the level at around $15,800 to avoid the downfall continuation that risks it dropping even down to $13,000 “if the בעריש triangle breaks out to the downside.”

אבער, Moustache’s recent prognosis plays into his earlier estimation פון אַ בוליש 2023, a conclusion he had drawn using The Wyckoff Method of chart analysis and the Network Value to Transactions Signal (NVTS), as well as observing a “bullish megaphone pattern. "

In addition, the expert ליסטעד similarities between Bitcoin’s technicals in 2019 and 2022, including the successful ABC correction, ענלעכער קאָרעוו שטאַרקייַט ינדיקאַטאָר (רסי), and similar סטאָטשאַסטיק רסי (StochRSI), all pointing to a future price increase.

ביטקאָין פּרייַז אַנאַליסיס

As things stand, Bitcoin is currently changing hands at the price of $16,578, which represents a decline of 0.49% on the day and 0.14% across the previous seven days, along with a 15.42% loss on its 1-month chart.

ביטקאָין 1-חודש פּרייַז טשאַרט. מקור: קאָונמאַרקעטקאַפּ

אין דער דערווייל, טעסלאַ (NASDAQ: צלאַ) סעאָ און די נייַע באַזיצער פון טוויטטער (NYSE: טווטר), Elon Musk, who is also a known crypto enthusiast, is confident that Bitcoin will survive, אָבער ער האָט געוואָרנט אַז עס וועט מיסטאָמע "זיין אַ לאַנג ווינטער."

אָפּלייקענונג: דער אינהאַלט אויף דעם פּלאַץ זאָל ניט זיין געהאלטן ינוועסמאַנט עצה. ינוועסטינג איז ספּעקולאַטיווע. ווען ינוועסטינג, דיין קאַפּיטאַל איז אין ריזיקירן. 

Source: https://finbold.com/bitcoin-price-rally-in-store-btc-creates-largest-ever-descending-broadening-wedge/