It has been stated that the next target for Bitcoin (BTC), which has gained strength above $60,000, is $85,000.
Experts continue to provide comments for the crypto market, which has a positive outlook. Crypto analysts predict an increase in BTC based on their charts. According to analysts, BTC’s approach to closing September on a positive note triggers the possibility of a significant rally towards the end of the year.
Crypto analyst Titan of Crypto predicts that the price of BTC could reach $85,000 in the near future. The analyst stated that the indicators gave a buy signal.
Will Bitcoin start rising?
Titan of Crypto, stating that the outlook in the Bitcoin (BTC) price chart indicates a moderate 35% increase, predicted that the bulls will gain more strength.
An analyst shared the BTC analysis he created in conjunction with the relative strength index (RSI) data. Titan of Crypto, stating that the necessary conditions have been met for the market to reach its all-time high, said the following:
“If we close this month above 59,000 dollars, it is likely that the year will end with a rise. However, even with a red closing, green fourth quarters were seen in both 2017 and 2020. We have a promising fourth quarter ahead of us.”
Analyst advocating for a bullish run of BTC in the last quarter drew attention to the RSI level. The weekly RSI reached the 50 level, ending the downward trend that has been going on since March.
The analyst, who emphasized the importance of September, commented, ‘Historically, when September closes in green, the last quarter has passed with an increase.’
Another crypto analyst, Skew, pointed out that the $61,000 support could work before the rise. The analyst, who said ‘A small correction looks good from a technical perspective,’ emphasized the requirements for a healthy rise.
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