In October, Bitcoin prices surged by 30%, attracting the attention of global investors. The cryptocurrency community is filled with speculation about the future trajectory of Bitcoin, and people's perspectives vary greatly
In October, Bitcoin prices surged by 30%, attracting the attention of global investors. The cryptocurrency community is filled with speculation about the future trajectory of Bitcoin, and people's perspectives vary greatly.
Amidst the hustle and bustle, respected trader Henrik Zeberg presented his insights.
Zeberg pointed out in his recent analysis that there has been a significant development in the daily price chart of Bitcoin - a rebound after breaking the 200 day moving average (currently hovering around the $33000 mark). This measure broke the strong price resistance of $30000, indicating a strong bullish trend in the market.
But before we started celebrating, Zeberg issued a warning. The relative strength index (RSI) has climbed above the 70% mark, indicating that BTC may be overbought, which may indicate potential short-term consolidation. Source: Negatropic
Zeberg's expert opinion suggests that the key price range for Bitcoin is between $33000 and $35000. Currently, the trading price of leading cryptocurrencies is around $34780 per coin, hovering around the upper limit of the range he emphasized.
The legend continues
U. According to a recent report from Today, the price of Bitcoin may soar to $51000 per coin in November, an increase of up to 50%. However, it is important to remember that these are speculative predictions and the future is still uncertain.
Like any financial market, the real test lies in time. The performance of Bitcoin will ultimately reveal whether it meets these predictions or chooses different paths. At present, everyone's attention is focused on the Bitcoin price chart, eagerly waiting for the next chapter of this legend.
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