Bitcoin Price Analysis

Ascending intersection on the Bitcoin chart; If history repeats itself, we will have to wait for the $ 225,000 bitcoin


One of the technical and reliable indicators of Bitcoin has recently entered the uptrend. The last time this happened, the price of bitcoin grew by 450%.

to the Report The Bitcoin Telegraph is excited to see the Bitcoin price cross the $ 50,000 mark, but an uptrend indicates that there is still room for further price growth.

In the weekly view of the “Bitcoin / Dollar” market, it is clear that the MACD index has left the red (negative) area and entered the green (positive) area. This month, there is no weak price in any of the uptrend indicators, and we can say that everything, from the inventories of the exchange offices to the fundamental factors within the chain, is in the most optimistic state possible.

The McDee Index formed a unique crossroads in August, however, the potential for future price growth appears to be much greater than what the market has experienced so far.

Makdi is a reliable indicator that is used to detect the general price trend of an asset, and Bitcoin is no exception to this rule. The last time such a one-week uptrend occurred in Macadia, the price of Bitcoin rose 5.5 times, from $ 11,500 in October 2020 to a record high of $ 64,500.

If history repeats itself, the price of bitcoin will exceed $ 220,000 by the end of this year or finally by the beginning of 2022.

Also read: What is a Makdi indicator? Complete training on the use of MACD in trading

Ascending intersection on the Bitcoin chart;  If history repeats itself, we will have to wait for the $ 225,000 bitcoin
Bitcoin price chart (click on the image to see the original size)

This forecast goes beyond even the most optimistic estimates for the peak price of bitcoin in the remaining months of 2021. Among them is the forecast of PlanB, the creator of the flow accumulation model (S2F), who said that the most pessimistic scenario is that the price of Bitcoin will reach $ 135,000 in December this year.

Well-known people also fully support the idea of ​​higher price growth, to the extent that they have expressed this view in the mainstream media as well.

“Anthony Pompliano, co-founder of Morgan Creek Digital, said in an interview with CNBC on Monday:

I can not clarify this enough. I think we will see very rapid price growth by the end of this year. In 2017, the price of bitcoin grew exponentially [تنها] It went from $ 10,000 to $ 20,000 in 18 days. It would not be a surprise to me to experience something so insane by the end of this year.

It is worth noting that the return on bitcoin has been more than 20% since the beginning of August.

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