Expert Analyst: "Bitcoin Bull Run Will Start On This Date"

Cryptocurrency investor and expert analyst talked about his vision for crypto market development in the next year and a half.

According to the investor's twitter account, Bitcoin (BTC) prices, which recovered from the local bottom, managed to break out of the $ 20,000 range and is slowly providing upward movement. Despite this rise, the analyst states that the leading cryptocurrency will retest the $ 19,000 support zone. In the medium term, he predicts that after a long decline, Bitcoin will rise to the $ 40,000 mark, a strong resistance level. If a reversal occurs, an accumulation phase will begin in which the price will fluctuate in the range of $ 19,000-33,000, and a new bull run may occur when Bitcoin creates a bullish accumulation pattern. In the cryptocurrency market, Bitcoin approached the $ 24,700 level. However, yesterday's breakout and consolidation attempt ended with the price returning to $ 23,600. While the fact that the local buyer and seller are quite strong makes it difficult to say what to expect, it is stated that the market is waiting for the opening of the SPX 500, which has set the direction of the last weeks. Source: kriptoparahaber The investment information, comments and recommendations contained in this article do not constitute investment advice. Investment advisory services are provided on a personalized basis, taking into account the risk and return preferences of individuals. The content contained herein is in no way directive and the recommendations are general in nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in accordance with your expectations.