Bitcoin (BTC) Expert Highlights Important Indicator That Suggests the Cryptocurrency Could Make a Crucial Bounce

This follows the flagship crypto's recent decline below $60,000.

Bitcoin price analysis suggests that the flagship cryptocurrency could make a crucial bounce from its current price level following its recent decline below the $60,000 mark. According to crypto expert Michael van de Poppe, the CME gap has now closed.

Highlighting this development in an X (formerly Twitter) post, van de Poppe stated that BTC is now set to enjoy a relief bounce from its current price level. Judging by the chart he shared, BTC will reclaim the $60,000 level as support before moving further to the upside.

Bitcoin Price Set To Reclaim $60,000 Level As Support

Crypto expert Michael van de Poppe has shared his analysis on Bitcoin price, suggesting that the flagship cryptocurrency could be set to make a crucial bounce from its current price level following its recent decline below the $60,000 mark.

Highlighting this development in an X (formerly Twitter) post, van de Poppe stated that the CME gap has now closed.

“Bitcoin CME gap closed. Time for a relief bounce.”

Judging by the chart he shared, BTC will reclaim the $60,000 level as support before moving further to the upside.

Crypto Expert Expects Bitcoin To Reclaim $60,000 Range, Mikybull Predicts Parabolic Rally

Meanwhile, another crypto analysis by Mkybull Crypto confirms that the CME gap has been filled. Like van de Poppe’s prediction, the analysis expects Bitcoin to reclaim the $60,000 range and continue its upward trend.

Mikybull Crypto reveals that Bitcoin has completed its inverse head-and-shoulder pattern on the daily chart. According to the crypto analyst, the flagship crypto could be eyeing a minimum breakout target of $70,000 if it successfully breaks out above the $62,000 price level.

Highlighting further technical analysis, Mikybull Crypto states that the Moving Average Convergence/Divergence (MACD) indicator is also showing a bullish cross about to happen for Bitcoin.

“BTC daily. Inverse head-and-shoulders pattern. Minimum breakout target: $70K. We’re also looking at a bullish MACD cross, which is an indicator of strength, and the price is set to continue rising. I’m still expecting that parabolic rally despite the underperformance.”

The crypto analyst is also undeterred by Bitcoin’s recent underperformance as he is confident that a parabolic rally will soon be seen.

“Contrary to what some might think, the cycle top isn’t in yet. This is simply a final shakeout before the market top. Based on this, I’m still expecting Bitcoin to climb above $100K, and optimal targets for Bitcoin in this bull run are $130K.”

Bitcoin Price Analysis:はこちらからもお読みいただけます。日本語版で読む

仮想通貨の旗艦銘柄であるビットコインが、足元で重要な反発を見せる可能性があるようだ。主要仮想通貨は最近、6万ドルを割り込んだ。

仮想通貨専門家のマイケル・ヴァン・デ・ポッペ氏によると、CMEギャップが埋まったという。

ポッペ氏はX（旧Twitter）への投稿でこの展開を強調し、BTCは現在、足元の価格水準からリリーフバウンス（上昇反転）を楽しむ準備が整っていると述べた。ポッペ氏が共有したチャートによれば、BTCは6万ドルをサポートとして奪回した後、さらに上昇するだろう。

ポッペ氏、Bitcoin価格が6万ドルをサポートとして奪回へ。ミキーブル氏はパラボリック上昇を予想

一方、ミキーブル・クリプトによる別の仮想通貨分析では、CMEギャップが埋まったことを確認している。ポッペ氏の予想と同様に、この分析では、Bitcoinが6万ドルのレンジを奪回して上昇トレンドを継続すると予想されている。

ミキーブル・クリプトは、Bitcoinが日足チャートで逆ヘッドアンドショルダーパターンを完了したと明らかにしている。この仮想通貨アナリストによると、主要仮想通貨は6万2000ドルの価格水準を上回ってブレイクアウトすることに成功した場合、最小ブレイクアウト目標として7万ドルを目指している可能性があるという。

Highlighting further technical analysis, Mikibul Crypto states that the Moving Average Convergence Divergence (MACD) indicator shows that a bullish cross against Bitcoin is imminent.

"BTC daily. Inverted head and shoulders pattern. Minimum breakout target: $70,000. Also, a bullish MACD cross, which is an indicator of strength, has been confirmed, and the price is on an upward trend. Downside Despite

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