$100k Bitcoin Forecast Is Adjusted

There have been all kinds of optimistic and bullish predictions about the price of Bitcoin these days, especially following the May halving.

Bitcoin has been consolidating above the important level of $9,000 for a while now, and upwards price moves are expected.

It’s been reported that the crypto analyst who predicted Bitcoin’s retracement back in 2019, updated his roadmap to BTC’s surge to $100,000 as the king coin is approaching the apex of a long term triangle.

Bitcoin is poised for a big move

Trader Dave the Wave recently said that Bitcoin is poised for a big move as the king coin shows signs of compression.

If we look at his chart, we can see Bitcoin losing steam as seen on the LMACD. “The indicator is designed to reveal changes in an asset’s trend, strength, and momentum,” as reported by the online publication the Daily Hodl.

Also, BTC’s volatility is ready to hit all-time lows.

Someone responded with: “Crypto investing (in the noble long term meaning of it) is actually simple when you plan to buy now and enjoy if it goes up, or buy more (twice more) if it goes down.”

At the moment of writing this article, Bitcoin is trading in the green and the coin is priced at $9,174.03.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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