It’s been just revealed the fact that a popular crypto analyst said that Bitcoin is currently displaying a bullish pattern. Check out the latest prediciotns below.
Bitcoin is a strong bullish pattern in March
Crypto trader Ali Martinez said that BTC could target $34,000 if the bullish pattern proves prophetic.
“Bitcoin – Nothing has changed!
If this bullish megaphone is the governing pattern behind BTC price action, we could target $34,000.”
Martinez, citing data from the crypto analytics firm Santiment, also said the fact that roughly 310,000 Ethereum (ETH) were taken out of exchange wallets in a 48-hour period this week.
“310,000 ETH have been taken out of known crypto exchange wallets in the last 48 hours, worth $558 million, shows data from Santiment Feed.”
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $27,846.
BTC price analysis
The popular crypto analyst Benjamin Cowen says Bitcoin (BTC) will make a big move this year that will frighten a lot of people.
In a new strategy session with Altcoin Daily co-host Austin Arnold, Cowen predicts Bitcoin is going to drop in price later this year and induce panic selling.
“Everyone’s happy right now because of course the price is going up. I think what we’re going to see is we’re going to see the same thing happen again like we saw in 2015, 2019. I think Bitcoin will come back down later this year.”
He continued and said this:
“It’s going to scare a lot of people, but I think it’s going to be a fairly normal thing. And it’s just going to be the scare to get people to capitulate just before we get into the next halving. And just before we get back into quantitative easing.”
Stay tuned for more details about the latest crypto reports, and make sure to check the prices in the crypto markets as well.