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2 Years of Bondage Ended in Bitcoin! Famous Technical Analyst Announced "Sayonara Bears"!
Famous analyst Gert van Lagen reported that Bitcoin broke the 2-year falling channel by breaking above $ 31 thousand.
According to the analyst, this breakout means that we are at the beginning of the real bull market.
Lagen expects BTC, which creates a bowl formation, to break record after record and exceed $ 100 thousand
The rising excitement surrounding Bitcoin (BTC), which jumped above $ 31 thousand after the accumulation that started after rising above $ 30 thousand, continues to exist. According to renowned technical analyst Gert van Lagen, BTC is at the very beginning of the real uptrend and the bulls can make a rally that will shake the bears.
“Sayonara Bears!”
Renowned analyst Gert van Lagen reported that Bitcoin, the largest cryptocurrency with its market capitalization, has broken the huge falling channel in which it has been stuck for more than 2 years. Commenting on this price action, the analyst said, “Bitcoin has broken the yellow channel that has been suppressing the price for more than 2 years, like a glorious bull jumping over a grumpy bear. Sayonara, bears! It's a big bull market and we're just getting started.” used his statements.
Looking at the price chart shared by the analyst, it is seen that BTC has broken above the upper trend resistance line of the falling channel, which is around $ 31 thousand, by rising above $ 30 thousand. A second price chart shared by Lagen says that Bitcoin coming out of the channel creates a bowl formation. According to this formation, the first target level in Bitcoin is the all-time high (ATH) at about $ 69 thousand, which will act as the resistance point of the bowl. With the passing of this resistance level, a rise to 100 thousand dollars and beyond can be seen in Bitcoin.
Latest Status in Bitcoin
According to the price data provided by CoinMarketCap (CMC), Bitcoin is trading at $ 31 thousand 17, just above $ 31, with an increase of 1.19 percent in the last 24 hours. With this rise, BTC's value gain in the last 30 days has approached 15 percent.
Market analysts and observers predict that if Bitcoin, with a market value of more than $ 600 billion, closes above $ 31 thousand on its daily price chart, it will first walk to $ 32 thousand. If the resistance of 32 thousand dollars is passed, it is evaluated that the blessed march will continue by gaining strength and there will be an increase of 35 thousand dollars and 38 thousand dollars, respectively. At current prices, Bitcoin's reaching $ 38 thousand means an increase of about 23 percent.
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