וואָס איז פאָרויס פֿאַר ביטקאָין אין 2023? אַנאַליסץ טיילן positive ינדאַקייטערז

As most cryptocurrencies are slowly starting to recover from the קלאַפּ געפֿירט דורך די FTX ייַנבראָך, ביטקאָין (בטק) is no exception, and its supporters refuse to stop believing in its בוליש future, convinced by positive price indicators.

Indeed, experts over at the crypto analytics firm TradingShot האָבן באמערקט an “interesting fractal analysis on different time-frames showing that if ביטקאָין holds last week’s low, a strong rally in 2023 is possible.”

Specifically, the level that the experts said Bitcoin is supposed to hold for the said rally to be possible stands at above $16,628. If it does, the fractal analysis sees a bullish potential increase, perhaps even to $95,000 by 2024.

What do other indicators suggest?

אן אנדער positive טעכניש אַנאַליסיס (TA) indicator is the 200-week מאָווינג דורכשניטלעך (MA), which for Bitcoin has remained positive, as prominent pseudonymous Bitcoin analyst and Dutch institutional investor known as פּלאַנב שפּיציק אויס אויף נאוועמבער קסנומקס.

The analyst’s chart demonstrates Bitcoin’s price has stayed above the 200-week MA throughout the hardships that have engulfed the קריפּטאָ מאַרק in recent months, including “another year, another exchange default,” as פּלאַנב noted, referring to the FTX liquidity crisis.

In a comment to the tweet, he also stressed:

More optimism in crypto sector

אין דער זעלביקער צייט, אן אנדער פּסעוודאָנים קריפּטאָ אַנאַליסט, וואָנצעס, has אנגעוויזן that Bitcoin was close to touching the trendline that “has already held for 5.5 years,” as he illustrated on a chart.

Optimism was also expressed by Robert Kiyosaki, the author of the פּערזענלעך פינאַנצן בוך 'רייכער טאטע, נעבעך טאטע', who said he was “not worried” about the decentralized finance (דעפי) token’s price movements.

דערווייַל, טעסלאַ (NASDAQ: צלאַ) CEO and new Twitter (NYSE: טווטר) owner Elon Musk is also זיכער that Bitcoin would survive the בער מאַרק, although he warned that it would be long before the asset realizes its full potential.

Bad signs stacking up against Bitcoin? 

On the other hand, it is not all roses for the flagship digital asset, as analyst ghoddusifar איבער ביי קריפּטאָקוואַנט באמערקט that “despite the relative gains in US סטאַקס, Bitcoin lost a very important support level,” which “was the ATH of the previous cycle.” 

ווי דער אַנאַליסט האָט געזאָגט:

“So far, there is no record of Bitcoin returning below the ATH of its previous cycle. This could indicate weakness in the cryptocurrency market in the near future and further price reductions in them.”

Earlier, Bitcoin’s at-the-money (ATM) implied volatility (IV) more than doubled during the last week, mimicking the movements of the FTX Token (פטט) at the time, while its קאָרעוו שטאַרקייַט אינדעקס (RSI) had dropped to its weakest in history.

At press time, Bitcoin was changing hands at $16,763, recording a minor gain of 0.41% on the day while losing 19.10% across the week, according to data retrieved by פינבאָלד אויף נאוועמבער קסנומקס.

In the meantime, Finbold has compiled three key tips on surviving the market crash, as provided by a former stockbroker commonly known as the “Wolf of Wall Street,” Jordan Belfort, including taking a three- or four-year horizon, not looking beyond Bitcoin and Ethereum (עטה), and not playing into the panic.

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