Bitcoin Repeated A Bull Move That Could Propel BTC To $180K, Analyst Says: 'Market Psychology Will Repeat The Same Way'
Portfolio Pulse from Rounak Jain
Cryptocurrency analyst Caleb Franzen predicts Bitcoin (BTC) could reach $180,000 based on a rare bull signal from the Williams%R Oscillator. This signal, appearing for the fourth time in Bitcoin's history, previously heralded significant bull markets. Franzen emphasizes that this prediction is based on historical market behavior and is not a guarantee of future performance. Recent bullish sentiments and institutional investments also support a potential surge in Bitcoin's value.
March 02, 2024 | 3:17 am
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Bitcoin (BTC) could potentially reach $180,000 based on a rare bull signal from the Williams%R Oscillator, according to analyst Caleb Franzen. This prediction aligns with bullish market sentiments and recent institutional investments.
The prediction is based on the Williams%R Oscillator, a tool measuring price trend strength, which has historically indicated the start of bull markets for Bitcoin. Although past performance is not a guarantee of future results, the consistent bullish sentiment and recent institutional investments provide a strong basis for this optimistic forecast.
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