Bitcoin's Epic Rally On Horizon? Analyst Predicts $48K Surge By Mid-November
Portfolio Pulse from Mehab Qureshi
A pseudonymous crypto analyst, Credible Crypto, predicts a significant increase in Bitcoin's price, forecasting it to reach approximately $48,000 by mid-November. The prediction is based on the Elliott Wave theory, which considers crowd psychology to forecast future price movements. The analyst suggests that Bitcoin has found a local bottom at $33,400 and is preparing for a parabolic surge.
October 30, 2023 | 8:40 am
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Bitcoin is predicted to experience a significant price surge, potentially reaching $48,000 by mid-November.
The prediction by the analyst, if accurate, could lead to a significant increase in Bitcoin's price. This would likely attract more investors, increasing demand and potentially driving the price even higher.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100