Long-term crypto and stock investor Jelle concurs:
DonAlt, who has a reputation as a high-profile swing trader in technical analyst circles, anticipates potential support of around $38,000 before a move to $45,000. Beyond that, he acknowledges the possibility of a price increase, a subsequent correction, and then another upward trajectory. He states, "I think generally, it could go up, come back down, and then go further up."
Bitcoin is currently trading around $43,150, encountering resistance at $44,000, where it is experiencing rejection, according to DonAlt.
What’s Next: Rekt Capital notes that today (Feb.5) Bitcoin will start its last week in the "Pre-Halving Downside" phase (orange) before transitioning into the "Pre-Halving Rally" phase (light blue)”
Captain Faibik sees bulls in complete control and the next bullish rally is to start in mid-March.
An increasing amount of technical analysts is turning bullish, with price predictions going as high as $150,000.
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