Binance Square
LIVE
LIVE
BEESYST
Bullish
--惻715 views
šŸ“ˆ Prediction (BTC and ADA): šŸ’Ŗ BTC/USDT - Investors are consistently accumulating bitcoins. In just the past week, the total supply of the asset on all exchanges has decreased from 812,000 to 799,000 BTC. This indicates that almost 13,000 coins worth over $926 million have been withdrawn from exchanges to investors' wallets. This is a sign that #BTC holders are expecting further price growth, and it seems to be the case. Forecast: Although it's quite challenging to determine the long-term target given unprecedented and uncontrollable factors, it appears that the short-term target for #Bitcoin will be around $85,000. This is indicated by the trading pattern of the "symmetrical triangle" observed on the BTC chart at the moment. It points to a period of market indecision as prices consolidate between rising lows and falling highs. A bullish breakout from this pattern could lead to a significant price movement. The pattern's target is set at 21% above the breakout point, just above $85,000. However, a crucial factor that could refute this bullish scenario is the realization of long-term profits. Historically, after reaching new all-time highs, hodlers tend to take profits, leading to a correction in Bitcoin's price in the coming weeks. If this happens with Bitcoin after the halving, the price of BTC may correct and potentially fall to $60,000. šŸ‹ ADA/USDT - Forecast: Currently, Cardano's price on the candlestick chart is in a "descending wedge" pattern, which is considered a bullish reversal pattern as it promises a price rally after a bullish breakout. Based on this model and the fact that the coin is close to a bullish breakout, the price could increase by almost 33% and reach $0.813. However, if the selling sentiment identified by the price-DAA divergence intensifies, a downturn may occur. In this case, the descending wedge and bullish forecast will be nullified, and the #ADA price will head towards $0.500. šŸŒ Share your thoughts with others!

šŸ“ˆ Prediction (BTC and ADA):

šŸ’Ŗ BTC/USDT - Investors are consistently accumulating bitcoins. In just the past week, the total supply of the asset on all exchanges has decreased from 812,000 to 799,000 BTC. This indicates that almost 13,000 coins worth over $926 million have been withdrawn from exchanges to investors' wallets. This is a sign that #BTC holders are expecting further price growth, and it seems to be the case. Forecast: Although it's quite challenging to determine the long-term target given unprecedented and uncontrollable factors, it appears that the short-term target for #Bitcoin will be around $85,000. This is indicated by the trading pattern of the "symmetrical triangle" observed on the BTC chart at the moment. It points to a period of market indecision as prices consolidate between rising lows and falling highs. A bullish breakout from this pattern could lead to a significant price movement. The pattern's target is set at 21% above the breakout point, just above $85,000. However, a crucial factor that could refute this bullish scenario is the realization of long-term profits. Historically, after reaching new all-time highs, hodlers tend to take profits, leading to a correction in Bitcoin's price in the coming weeks. If this happens with Bitcoin after the halving, the price of BTC may correct and potentially fall to $60,000.

šŸ‹ ADA/USDT - Forecast: Currently, Cardano's price on the candlestick chart is in a "descending wedge" pattern, which is considered a bullish reversal pattern as it promises a price rally after a bullish breakout. Based on this model and the fact that the coin is close to a bullish breakout, the price could increase by almost 33% and reach $0.813. However, if the selling sentiment identified by the price-DAA divergence intensifies, a downturn may occur. In this case, the descending wedge and bullish forecast will be nullified, and the #ADA price will head towards $0.500.

šŸŒ Share your thoughts with others!

Disclaimer: Includes third-party opinions. No financial advice.Ā See T&Cs.
0
Explore Content For You
Sign up now for a chance to earn 100 USDT in rewards!
or
Sign up as an entity
or
Log In
Relevant Creator
LIVE
@beesyst

Explore More From Creator

šŸ“ˆ Prediction (ETH and FET): šŸ˜€ ETH/USDT - According to data from the Glassnode analytical platform, the inflow of #ETH to exchanges has significantly slowed down over the last 24 hours. This usually leads to a rebound, so the asset has a chance to at least partially recover from the losses incurred this week. Forecast: At the time of writing, #Ethereum is trading at $2,945 and bouncing off the lower boundary of the descending wedge. The asset has been in this pattern for the past two months, and a drop below $3,000 would only confirm the bullish reversal pattern. The likely move from here would be an impulse towards breaking the upper trendline. If successful, ETH could rise to $4,000. On the other hand, a rise in bearish sentiment among investors could threaten the rally potential. Failure to hold the $3,000 level could lead to a collapse to $2,800, invalidating the bullish thesis and sending the altcoin to $2,740. šŸ“Š FET/USDT - Currently, #FET is experiencing a surge in investor interest: evidenced by the increase in the number of active addresses over the past 48 hours. The total number of wallets transacting on the network has increased by 93% ā€” from 1,152 to 2,152. The growth in active addresses, coupled with a decrease in price, is usually considered a buy signal. Forecast: At the time of writing, FET is trading just below the $1.96 support. This level has been tested several times in the past and has not yet been breached. A bounce from it would mark the beginning of a potential rally towards the $2.46 mark, which the asset failed to overcome during the last uptrend. Losing the $1.96 support level could nullify the bullish scenario and trigger a price drop for Fetch.ai to $1.71. šŸ‘ Share this analysis with others!
--

Latest News

View More
Sitemap
Cookie Preferences
Platform T&Cs