The analyst who nailed 2021 Bitcoin Top predicted a new step for Bitcoin – but there is a catch
An analyst in a story of realization of Bitcoin calls in a timely manner thinks that BTC is preparing for a huge upward upwards despite the difficulty to release the level of $ 110,000.
The pseudonym analyst Dave The Wave said to his 153,800 subscribers on the X social media platform which he closely monitored the indicator of average Bitcoin convergence (MacD) on the weekly graphic.
MacD is a technical indicator that follows the convergence and divergence of mobile averages to assess the momentum and trend of the trend of an asset while identifying potential inversion areas.
According to Dave the Wave, the weekly MacD of the BTC suggest This bitcoin is optimistic and is ready to reach a diagonal resistance that has marked the markets of the market since 2012.
“Based on the weekly BTC MacD extension, you would expect another push.”
Looking at the merchant's painting, it seems to suggest that the MacD will reach the diagonal resistance by the end of the year, just as the BTC gathers at $ 160,000.
Zoom out, the wave said The monthly delay supports its long -term upward perspectives on the BTC.
“MacD BTC monthly in the longer term turns upwards again …”
But in the short term, the analyst thinks that Bitcoin will slide at around $ 98,000, where he could potentially print a local background before causing new gatherings.
“Could this be such a terrible thing to see BTC Price consolidate just under $ 100,000 before going back again? Surely, only snowflakes would think that …”
At the time of writing, Bitcoin is negotiated at $ 104,348.
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