A widely followed economist says that a $111,000 price tag for Bitcoin (BTC) is in the cards amid the alignment of a technical indicator and a bullish market structure.
In a new video update on Trade Gate Hub, economist Henrik Zeberg uthi that based on a key indicator, it’s possible for the top crypto asset by market cap to “melt up” to six figures by August.
According to Zeberg, the crypto king has historically entered into a parabolic phase after its monthly relative strength index (RSI) goes above 70.
”So I got $110,000-$115,000 for Bitcoin. It is actually a part of a larger pattern. I see that this is either the beginning of a new bull [run], but it needs to take a long break after the blow-off top.
But we haven’t gotten to the really steep part of it yet. We see that we get to [an] RSI above 70, that is really when we see the steep part. And then people say ‘Yeah, but it’s declining,’ but it also did that [previously] into the steep part… And we don’t even have the last of this month, April could still be a very bullish month.”
Bitcoin’s RSI, a momentum indicator, is currently ehlezi at 71. Zeberg goes on to say that it’s even possible for Bitcoin to hit a price tag of over $200,000.
“I can actually see in an even crazier world… that we can reach $250,000, but $110,000 to $115,000 is my target.”
I-Bitcoin ihweba ngama- $ 66,115 ngesikhathi sokubhala.
Ungaphuthelwa yi-Beat - Bhalisa ukuze uthole izaziso ze-imeyili zilethwe ngokuqondile ebhokisini lakho lokungenayo
Hlola Price Action
Silandele ku Twitter, Facebook futhi yocingo
Surf I-Daily Hodl Mix
Ukuzikhulula: Imibono evezwe kuDaily Hodl akusona izeluleko zokutshala imali. Abatshalizimali kufanele benze ukukhuthala kwabo ngaphambi kokwenza noma yikuphi ukutshalwa kwemali okuyingozi enkulu kwiBitcoin, i-cryptocurrency noma impahla yedijithali. Uyaziswa ukuthi ukudluliselwa kwakho nokuhweba kusengozini yakho, futhi noma yikuphi ukulahlekelwa ongakuthola kungumthwalo wakho wemfanelo. I-Daily Hodl ayikukhuthazi ukuthengwa noma ukuthengiswa kwanoma yiphi i-cryptocurrencies noma impahla yedijithali, futhi ne-The Daily Hodl ingumeluleki ngokutshalwa kwezimali. Uyacelwa ukuthi uqaphele ukuthi iDaily Hodl ibamba iqhaza kwezentengiso ezihambelana nayo.
Isithombe Esenziwe: DALLE3
- I-SEO Powered Content & PR Distribution. Khuliswa Namuhla.
- I-PlatoData.Network Vertical Generative Ai. Zinike Amandla. Finyelela Lapha.
- I-PlatoAiStream. I-Web3 Intelligence. Ulwazi Lukhulisiwe. Finyelela Lapha.
- I-PlatoESG. Ikhabhoni, I-CleanTech, Amandla, Environment, Ilanga, Ukuphathwa Kwemfucuza. Finyelela Lapha.
- I-PlatoHealth. I-Biotech kanye ne-Clinical Trials Intelligence. Finyelela Lapha.
- Source: https://dailyhodl.com/2024/04/22/price-target-of-111000-for-bitcoin-btc-on-the-table-according-to-economist-henrik-zeberg-heres-when/
