‘The Big Wave Is Coming’ Predictions From 7 Bitcoin Analysts!

In the world of Bitcoin and altcoins, big waves are a sign of impressive price movements. Significant increases are expected. On the other hand, we look at the opinions of analysts who report these waves. Accordingly, we shape our own point of view. Now we will share with you the predictions of 7 Bitcoin analysts.

Analyst CrediBull expects a $10,000 move for Bitcoin

CrediBull, a popular analyst in the cryptocurrency world, makes statements for Bitcoin. Accordingly, it points to an accumulation of upward compression for BTC over the past three quarters. According to the analyst, this accumulation gave an upward signal that the price would increase. With this signal, there is a possibility of a movement of 10 thousand dollars for Bitcoin.

The analyst’s approach really draws attention. The analyst makes a statement by looking at the previous signals. Accordingly, the analyst points to the last signal from $24,000 to $31,000. Accordingly, he believes that the next signal will bring Bitcoin to the level of 41 thousand dollars. According to the analyst, the arrival of the water level is based on the third wave projection. The coming wave is usually equal to 1.67 times the projection from the second wave that led to the final impulse. However, the analyst expects a drop towards $ 27,900 in BTC before this wave begins. On the other hand, he emphasized that there will be an increase in the next two weeks.

Bitcoin prediction from QCP Capital

Crypto asset trading company QCP Capital is making a statement for BTC. Accordingly, he says, macro headlines or market changes do not affect Bitcoin and Ethereum. The company emphasizes that correlations with traditional macro factors such as USD and stocks have dropped to almost zero. QCP Capital shared several screenshots showing the BTC/USD correlation heading towards zero against the DXY index, SPX index and NDX index. This is happening while the crypto market is trading calmly and sideways.

According to QCP Capital, the sideways price action started after the volatility around the XRP decision earlier this month. Also, consolidation continues in the crypto industry. Accordingly, the company has detected some contraction in DeFi with NFTs. The famous crypto-asset trading company expects an increase in volatility and possibly a significant price increase in BTC towards the end of this year. Blackrock spot focuses on ETF decision. He also predicts that the price increase will spread into the next year due to the effect of the upcoming Bitcoin Halving. The company’s forecast points to a build-up of momentum driven by continued accumulation.

Jam alert from Daan Crypto Trades

There was a series of macroeconomic data events last week with the FED’s interest rate decision. Despite this moment, markets remained calm throughout the week. This calmness inevitably causes some analysts to make fearful comments. Of course, it should be noted that these fears point to a large price movement.

Analyst Daan Crypto Trades points out that the price action for BTC has never been this tight since the beginning of 2023. It indicates that the longer this situation lasts, the bigger the movement that will follow it.

Emphasis on price stability from Rekt Capital

Renowned analyst Rekt Capital focuses on the price action for most of the week for Bitcoin. Accordingly, the analyst points out that BTC has demonstrated impressive price stability at around $29,250.

Drawing attention to his previous tweet, Rekt Capital emphasizes that BTC has successfully retested the black area as support. Emphasizing a one-month close above black, the analyst states that the retest for Bitcoin was successful. This situation also emphasizes that it will be confirmed in terms of passing the $ 29,250 level. Likewise, it signals that the move will be the mid-levels of $30,000.

Whale highlight from Material Indicators

Tracking resource Material Indicators, which analyzes movements between traders on the Binance BTC/USD order book, highlights whales. Accordingly, he states that buying pressure from whales is compounded by increasing resistance near $30,000.

There were also comments accompanying this approach. Accordingly, there are expectations that BTC price action is up until the Weekly and Monthly candle closes.

Description of MACD cross for Bitcoin from analyst Jelle

A more exciting issue has emerged in the form of a potential uptrend on BTC’s moving average convergence/divergence (MACD) indicator. Analyst Jelle makes a point for Bitcoin in a statement on Twitter. According to the analyst, Bitcoin is 1.5 days away from locking the monthly bullish MACD cross.

Across the monthly timeframes, various market watchers noted that confirmation of such a bull flag is a few inches away and if historical patterns repeat, price action should result in future upwards.

Supporting statement from Stockmoney Lizards

Trading resource Stockmoney Lizards was also hopeful of the positive results of the cross. However, he still admits that his appearance “does not mean that BTC is out of summer correction mode.”

An attached chart shows a one-month MACD cross before late 2015. Accordingly, Bitcoin heralded the preparations for BTC’s rise to an all-time high of $20,000 two years later in the last cycle.

The MACD cross on the lower timeframes also appears as a false alarm. Looking at cryptokoin.com, the weekly crossover in August 2021 foreshadowed Bitcoin’s current all-time highs in November of that year.