Divergent Predictions on Bitcoin's Future
Date: 2023-11-19 Author: Dima Zakharov Categories: BUSINESS
Mixed Predictions from Crypto Community
Opinions within the crypto community diverge concerning Bitcoin's potential movement. BeInCrypto has compiled insights from industry representatives, showcasing contrasting predictions on Bitcoin's future.
Doctor Profit's Forecast
Popular trader Doctor Profit believes that BTC's immediate prospects hinge on the MA20 moving average. According to him, breaching this level might lead to a decline towards the $33-34K range. Doctor Profit accurately predicted Bitcoin's rebounds twice from the $38K mark.
Bullish Sentiments and Positive Trajectory
Contrary to Doctor Profit's prediction, many in the crypto community foresee no immediate correction for BTC. Some anticipate continued growth, with projections aiming for Bitcoin to close the year above $45K.
Optimistic Bitcoin Forecast by Blockchain Backer
Crypto influencer Blockchain Backer supports a positive Bitcoin outlook, citing similarities in its behavior with previous patterns that led to upward trends. He anticipates a positive trajectory for the coin this time as well.
Joining the Optimistic Camp
Joining the optimistic camp, crypto blogger Matthew Highland noticed a bullish divergence on the cryptocurrency's chart, indicating potential positive movement ahead.
Contrasting Views: CryptoBullet's Perspective
However, not everyone shares this positive sentiment. Trader and analyst CryptoBullet observes signals suggesting Bitcoin might have exhausted its growth potential. According to CryptoBullet, a short-term correction for Bitcoin might push it below the $34K mark.
Anticipating the Correction
Many in the crypto community view a BTC correction as an excellent opportunity to buy at an attractive rate before the anticipated bullish trend.
