Well-known analyst Markus Thielen boldly predicts: Bitcoin will climb to $83,000 and points to this important moment!
In an optimistic forecast report from 10x Research, Bitcoin (BTC) seems to be brewing a huge rally that may hit a high of $83,000 in the next few days.
Markus Thielen, the founder of 10x Research, has a deep insight into the dynamics of the Bitcoin market and believes that it is standing at a critical turning point. He pointed out that an important bullish price pattern is forming on Bitcoin's daily chart.
Once Bitcoin breaks through $72,000, it will be a perfect confirmation of the inverted head and shoulders pattern. This pattern consists of three price troughs, with the middle trough being the deepest, and usually indicates a reversal of the downtrend and the arrival of an uptrend after the breakout.
"It's only a matter of time before Bitcoin hits its all-time high." Thielen said confidently. He further noted that the inverted head and shoulders pattern foreshadows a rapid climb to $83,000 for Bitcoin, with the resistance line most likely to be broken in the next few days. "The ideal breakout could be today, Friday, June 7, or next week, Wednesday, June 12."
This optimistic outlook comes on the eve of the release of key U.S. economic data that could have a significant impact on the Federal Reserve's interest rate decisions. Economists surveyed by Bloomberg predict that the U.S. economy added about 180,000 jobs in May, almost the same as the 175,000 in April. Although the unemployment rate is expected to remain at 3.9%, the median forecast for average hourly wages shows an increase of 0.3% compared to April, achieving a 12-month wage increase of 3.9% for the second consecutive month.
Weak economic data could increase the likelihood of a rate cut by the Federal Reserve, which would provide upward momentum for risk assets including cryptocurrencies. Some investment banks predict that the central bank may expand liquidity again in July to stimulate the economy by cutting interest rates.
Biduoduo is also ambushing a currency that is about to explode recently, with a short-term return of 30% and a long-term return of about 5-8 times. As I said before, if you take the initiative to find me, I will take you ashore, and you just lie down, leave a message 999!!!
Biduoduo will not let my fans miss out in this bull market!This is the truth
