🔥 Bitcoin Recovery In Sight? Analyst Foresees BTC Revisiting $72,000 Soon

Popular cryptocurrency expert and trader Javon Marks has made a daring forecast that contradicts the current mood of the Bitcoin market, predicting that the crypto asset will make a significant comeback to the pivotal $72,000 level. This bullish forecast is made in spite of Bitcoin’s recent difficulties, which sharp price declines and widespread unfavorable market tendencies have marked.

🔸 Bitcoin Poised For Significant Rebound To $72,000

After failing to break above the $66,500 threshold last week, Bitcoin (BTC) is currently trading below the $62,000 support level, indicating that the cryptocurrency market is still quite erratic. However, several cryptocurrency analysts are confident that the downtrend will soon come to an end, predicting a notable recovery in the upcoming days.

Javon Marks’ analysis suggests that the recent decline in Bitcoin might be coming to an end, based on several technical indications and market factors such as the Relative Strength Index (RSI). 

He also highlights the creation of a bullish divergence pattern, which frequently precedes upward market movements, and refers to important support levels remaining solid between $56,000 and $60,000.

According to the expert, with BTC’s price holding while confirming a higher low and its RSI setting a lower low, the asset has validated a bullish pattern. Due to this, Javon Marks anticipates a price rebound to $72,000 and possibly to new all-time highs should this pattern hold.

🔸 The post read:

Bitcoin (BTC), through its Price holding + confirming a Higher Low and its RSI setting a Lower Low, has confirmed a Bullish Pattern that can indicate a recovery back near $72,000, and a continuation may result in new all-time Highs being set.

The analyst further noted that the process might lead to a much larger stage of growth for the crypto asset, one that will see it constantly rise to unprecedented levels. 

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