Crypto Analyst Says 'Just Getting Warmed Up' As Bitcoin Soars Past $34K: 'People Starting To Wake Up'
Portfolio Pulse from Mehab Qureshi
Crypto analyst CrediBULL Crypto predicts that the current bull market is just the beginning, as Bitcoin surpasses $34,000. The analyst believes that the largest market moves occur when the Relative Strength Index (RSI) surpasses the overbought threshold on higher time frames. This comes as Bitcoin's price surge coincides with the progress of the highly anticipated spot Bitcoin ETF by BlackRock, known as the iShares Bitcoin Trust.
October 24, 2023 | 5:21 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Bitcoin's price has surged past $34,000, and according to crypto analyst CrediBULL Crypto, the market is just warming up. The progress of the iShares Bitcoin Trust ETF by BlackRock also indicates a positive outlook for Bitcoin.
The crypto analyst's prediction of further market moves, coupled with the progress of the iShares Bitcoin Trust ETF, indicates a positive short-term impact on Bitcoin's price. The ETF's progress suggests increased institutional interest, which could drive further price increases.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100