The leading cryptocurrency Bitcoin (BTC) experienced a decrease to $ 18 thousand on June 19. After this decline, BTC, which accumulated in the range of 18 thousand – 25 thousand dollars, still has not made a clear break.
BTC, which has been going through a difficult process, has been pushing the 18 thousand – 20 thousand dollars support in the last days, but it has still managed to stay above this level.
Although many crypto money investors expect Bitcoin to experience a final collapse after the accumulation phase, as in 2018, it should not be forgotten that BTC often shows movements contrary to expectations.
Can Bitcoin (BTC) Rise To $40K?
Captain Faibik, a successful cryptocurrency analyst, shared a new Bitcoin analysis on his Twitter account as of today. Examining the accumulation phase of BTC in the summer of 2021 on the RSI indicator, Faibik found that it was very similar to what happened in the last 5 months.
Although Bitcoin is closing lower levels with each passing week, the bottoms continue to rise on the RSI chart. Thanks to this positive mismatch, the successful analyst, who expected Bitcoin to reach $ 40 thousand in the following process, gave hope to many investors and followers. In which direction will Bitcoin move in the coming days? question of interest..