Is It Time to Sell Bitcoin? Analyst Knowing the Latest Movements Announced!

The cryptocurrency market had a very active weekend. In particular, the leading cryptocurrency Bitcoin made a nice rally extending above 48 thousand dollars. This brought to mind the question, "Is it time to sell?" 10x Research CEO, who successfully predicted the latest movements of BTC, answered this question. Meanwhile, IntoTheBlock's latest analysis shows stiff resistance at $48.5K. However, analysts predict that BTC still has a way to go.

Is it time to sell Bitcoin?

As you follow from Kriptokoin.com, Bitcoin lost ground after the spot ETF approval. After this, the leading crypto recovered and traded in a narrow range for a while. However, it broke through these hurdles last week and rallied above $48,000. Markus Thielen, CEO of 10x Research, who hit the decline and subsequent rise in this process, announced his latest predictions. After the last rise, the analyst asked, "Is it time to sell?" He was looking for an answer to his question. “Bitcoin reached our 48,000 target within days,” Thielen said. Should you sell now?” He shared the following evaluations with the title:

We received a new buy signal from our Trading Signals on Saturday, February 10th.

• On January 26, we wrote that we were no longer bearish and that although it missed the 38,000 downside target by only 522 points (the actual low is 38,522), we expected that the nearly month-long consolidation was about to reverse.

• On January 29, we wrote that the downward (4) wave was completed and new peaks were coming. Many of our subscribers received a tactical buy signal a few days ago when Bitcoin was trading at 40,100. Our February 7 note identified the 43,800 level as a critical breakout level that “could quickly move Bitcoin to 48,000.”