Trader and analyst CryptoSoldier, a new figure in the cryptocurrency world and owner of the YouTube channel, is gaining attention. Its latest analysis suggests that Bitcoin constitutes a technology pattern that has been repeated five times without fail in the current bullish cycle. If this pattern is confirmed this week, it could potentially turn back to the $100,000 barrier for Bitcoin prices. In the words of Nelson Reina, CryptoSoldier of the latest analysis:
Macroeconomic and basic contexts
Federal Reserve System
A recent Federal Reserve statement dated March 19 shows significant changes in monetary policy. The Entity announced that it would reduce the rhythm of treasure sales from 25000 million to just 5000 million per month. This decision has created expectations for a more favorable environment for risk assets, including cryptocurrency excellence.
Bitcoin ETFS Dynamics
Another factor supporting an upward perspective is the evolution of Bitcoin ETF behavior in cash. As of March 17th, trending turns have been observed. ETF has stopped mass sales to focus on less scale purchases, a move that has not been recorded since February 7th. This conversion has been added to the recent FOMC declaration, allowing the market to find solid funds and open the door to changes in Bitcoin prices.
Technical Analysis: CryptoSoldier’s Methodology
Exclusive tools for YouTube channels
CryptoSoldier is distinguished by its unique approach via indicators. A variant of the MACD classic, TDMACD, and a squeeze indicator highlighting configured to detect purchase opportunities in multiple temporary frames. Its YouTube channel has become an essential resource for anyone looking to learn more about how these indicators combine to provide high probability indicators.
Observation of different time frames
– Daily graph: In daily analysis, TDMACD shows bullish composition in perfect sync with the squeeze indicator. This technical convergence typical of CryptoSoldier’s strategy reinforces the idea that the market may be in the prelude of a critical movement.
-4-hour graph: In this temporal framework, the squeeze indicator proposes a purchasing setup with projections for the next 48 hours. Furthermore, the application of Elliott’s theory of waves and the collapse of the trendline in the final interest rate decisions demonstrate the formation of three impulse waves characterized by strong upward movements.
Unmistakable Patterns: History and Projections
Pattern history data
CryptoSoldier shows that the patterns observed in the CME Bitcoin graph (purchasing configurations combined simultaneously in TDMACD and apertures combined in the two-day graph) have been realized five times during the current upward cycle. On each of these opportunities, Bitcoin prices increased significantly, recording an increase of 93%, 25%, 95%, 30%, and almost 90%.
Current perspective
The same indicator formation is repeated this week. Squeeze indicators are already beginning to reflect purchase signals, creating optimism among the channel’s followers. According to CryptoSoldier’s forecast, a mere 20% increase in Bitcoin prices means placing around $95,000 will pave the way for a $100,000 goal.
Conclusion
Technical analysis and macroeconomic context suggest that Bitcoin can reach the level of $95,000-$100,000 in the short term. The robust strategy of CryptoSoldier, which has been widely used and described on YouTube channels, continues to demonstrate its effectiveness supported by the convergence of historical data and key metrics. For those interested in closely tracking the movements of each market, cryptographic content is undoubtedly a key source of information and analysis in the dynamic world of cryptocurrency.
This new article will not only inform you about Bitcoin predictions, but will also highlight and potentially create the importance of the analytics and communities that have emerged around encrypted channels.
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