en.bitcoinsistemi.com
As volatility continues in the cryptocurrency markets, experts have begun to paint an optimistic picture for Bitcoin.
In their latest analysis, Andrew Parish and Tillman Holloway argued that Bitcoin is at a critical juncture and that key technical indicators are signaling an upward reversal.
Andrew Parish points to liquidity flows in the market and institutional interest, stating that Bitcoin has found strong support at its current price levels. According to Parish, examining similar movements in Bitcoin’s past cycles shows that key indicators turning positive usually signals a major rally.
Tillman Holloway, on the other hand, draws attention to the changes on the technical charts. Holloway argues that Bitcoin is about to break its downtrend and that “price momentum” indicators have moved into positive territory for the first time in a long time.
Both experts argue that, contrary to the general pessimism in the market, onchain data points to an accumulation phase. Andrew Parish states that the continued accumulation of Bitcoin by large whales at these levels has renewed market confidence. Tillman Holloway adds that macroeconomic data is also beginning to turn in favor of Bitcoin, predicting that the coming weeks will be “decisive” for Bitcoin.
*This is not investment advice.