What will the price of bitcoin (BTC) be in a few weeks? This is the question that most crypto analysts are asking themselves lately. It must be said that the flagship cryptocurrency has shown very little volatility lately. For some, this low volatility portends a sharp move. Pending confirmation of this hypothesis, an analyst recently predicted the price that bitcoin (BTC) could have in the short term.
Towards a rise to $24,000 for bitcoin (BTC)
According to a publication on crypto analyst Ali Martinez’s Twitter this October 26, bitcoin could hit $24,000. The analyst said:With BTC’s weekly RSI surging above 37, it looks like BTC is gaining strength. A sustained move above the 21-week MA could trigger a rise towards the 200-week MA at $24,000“.
To back up his point, Ali Martinez shared a graphic. The latter indicates how bitcoin (BTC) could experience a rise to $24,000 from its current price. For the analyst, the flagship crypto is clearly gaining strength. This, given that its weekly RSI rose above 37.
A range of $17,600 to $25,000, according to investors
In recent days, many analysts have indicated that the time has come for bitcoin (BTC) to rise. In parallel, Investors estimate that the flagship crypto will continue to trade in the $17,600-$25,000 range. According to them, the price of bitcoin (BTC) could remain in this range until the end of the year. These are the results of the latest MLIV Pulse study.
Moreover, this same study revealed that investors are for the investigations conducted by the SEC recently. According to them, these investigations will make it possible to have a more secure crypto space. For 60% of the 564 investors who responded to questions in the survey, asset class volatility has weakened significantly with the recent wave of lawsuits by the SEC.
Crypto analyst Ali Martinez recently said on Twitter that the price of bitcoin (BTC) could rise to $24,000. It must be said that many crypto professionals expect a rise in the flagship crypto in the coming days. According to them, the low volatility of BTC portends a positive movement in the market.
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