Crypto NewsAnalysisThe Famous Analyst Who Holds the First Target on Bitcoin Announces His...

The Famous Analyst Who Holds the First Target on Bitcoin Announces His Next Bullish Price Target!

Wall Street's well-known name Katie Stockton said that new rises are on the way for Bitcoin.

Follow Bitcoin Sistemi Google News Button

While the leading cryptocurrency Bitcoin rose above $ 57,000, reactivating the bullish sentiment among investors, new Bitcoin statements came from Katie Stockton, the founder and managing partner of Fairlead Strategies.

Stockton, a well-known name on Wall Street, said in a note to his clients on Monday that new rises are at the door of BTC.

At this point, he claimed that Bitcoin had risen above the critical resistance level of $48,600, remained here permanently, and that this indicated a “medium-term uptrend on the Bitcoin chart.”

In line with his bullish expectation, Stockton stated that he expected the upward trend in Bitcoin to continue towards the short-term and “final” resistance levels of $56,400 and $64,900, respectively. Stockton's initial prediction of $56,400 came true in a short time.

The successful analyst included the following statements in the note:

“Bitcoin confirmed persistence above the $48,600 resistance level, indicating a medium-term bullish trend on the BTC chart.

However, although short-term technical indicators suggest there may be a period of consolidation in the coming days, Bitcoin has positive long-term momentum according to our trend following indicators and there is no oversold 'sell' signal on the monthly chart.”

BTC's rise to $64,900 represents a potential upside of 22% from current levels.

Bitcoin continues to trade at $56,256 at the time of writing.

*This is not investment advice.

Buradaki Yorumlardan Bildirim Al

Inline Feedbacks
View all comments

Popular Posts of the Week