Crypto analyst makes forecast for the next 5 months

At the moment, the crypto market hardly seems to move. Nevertheless, popular crypto expert Kyle Doops expects that we could see a bull market in the next five months. You can find out what investors should consider in this article now.

Crypto analyst sees further potential for bull market

According to the assessment of the crypto analyst Kyle Doops, known from Crypto Banter, it could now be an excellent time to use the last price recipients for DIP purchases. Because According to the Bitcoin-Halvings, according to the crypto analyst, a rally lasts 12 to 18 months, whereby we are 13 in the month of 13.

On the other hand, according to his assessment Under a Bitcoin price of $ 106,145, the sales pressurebecause the demand is still too weak. Therefore, according to him, investors should also be Set corrections up to a Bitcoin price of 97,000 USD, which is 8.41 % below the current level of USD 105,910.

According to Doops, the Retference of the 50-SMA as well as EMA-9 and EMA-18if this is confirmed. However, according to the crypto expert, the Bitcoin dominance is now now with a value between 66 and 69.75 % in a critical zone, which enables a reversal in favor of the old coins. As well the USDT dominance would indicate a possible collapse, which is very bullish.

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According to the crypto expert for the bull market, this must now happen

In particular When the Bitcoin price is exceeded of $ 106,145, the crypto analyst expects the upward trend to be continued. He leads this to that Wyckoff-Chartmuster Back, which then leads to a termination of the distribution scheme and a takeover of the bulls. In order for an entry -level signal to be given, the daily closure candle must be about what, according to him, could happen within a week.

Because in this case a critical point would be exceeded on the Many crypto analysts count on a short squeeze. According to the liquidity heat map, there are hardly any shorts left. According to Kyle Doops, the next bullish phase of Bitcoin is triggered after this important brand has been exceeded.

As soon as the bull market has been initiated, the crypto analyst expects that In the final phase of the cycle the old coins will put a rally again. According to the crypto expert, this then lasts around 1 to 3 months. Within the next 5 to 6 months, however, he expects for Bitcoin a top between 120,000 and 130,000 USD and a maximum of $ 200,000whereby he assesses this as speculative.

From the current course, this corresponds in Basic case only a course plan of 13.32 to 22.73 % and 88.85 % in the bullish scenario. Compared to its overall plus, which laut CoinMarketCap However, this is very little at 170,883,652 %. However, significantly more is possible with the Bitcoin alternative BTC Bull Token.

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