Bitcoin $108,877.58Pointing to the collapse of the 2021, the famous analyst Dave The Wave, the long -term monthly MACD indicator of a upward acceleration with the re -caught in the opinion that the price can climb to $ 160,000. Analyst emphasizes that the MACD histogram has passed to the positive area again by ending the last year’s calm period. According to him, Bitcoin is still released in the band of 75 thousand – 160 thousand dollars, but the protection of $ 100 thousand as a strong support is the key element to keep the rise scenario alive. Despite the decline in the market, the continuation of investor interest increases the confidence in the upper goals envisaged by the analyst.
Monthly MACD entered the investor’s radar with a rise signal
In the graph shared by Dave The Wave, the MACD line and histogram were marked up for the first time after the weakening seen in the middle of 2024. MacD’s passing to the positive area by cutting the signal line is considered a classic indicator that the trend gains strength. Analyst, especially “long -term investors should listen to this mistress”, while in the past cycles, similar MACD turns triggered much larger rally.
According to the technical table, Bitcoin exhibits a market structure in favor of the buyer by creating rising bottoms in weekly candles. However, volatility is still high; For this reason, the analyst proposes to look at volume approval as well as momentum indicators in order not to panic in short -term retreats. While the fractal similarity in the graphics coincides with the formations in the previous bull markets, the probability of the Analyst may keep the price around $ 100,000.
160 thousand dollars of target and lock support level for Bitcoin
Dave The Wave argues that existing macro conditions and over -chain data opens the door to test $ 160,000 in a few months. The increase in investor sensitivity and the continuation of corporate purchases make this wide price range reasonable. An Analyst underlines that this level is a psychological and technical threshold as long as the main rise structure is safe as long as 100 thousand dollars are protected.
In a possible correction scenario, 90 thousand – 100 thousand dollars in the region, the previous summits will be defended strongly due to the Artakalan demand pool. Stating that the jump that can come from here can carry fresh energy to the market, Dave The Wave calls for investors to be cautious in leverage use. At the same time, the price of 110 thousand dollars above the week -week closing, 160 thousand dollars to accelerate the road to the lock breaks, adding adds.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
