Another Opinion: Bitcoin to Rise Sharply to $50,000 in Early September

According to the most optimistic scenario, the price of bitcoin may exceed $50,000 already in the first weeks of autumn. Analysts pay attention to the previous periods, confirming that such a scenario is quite possible.

The weekly chart confirms the logic of the forecast, but even experienced traders admit that such a powerful movement must be supported by something.

Now the asset is near an important resistance level. We have tested the 30,500-31,200 zone several times and have been consolidating under this line for more than three months. This may indicate the accumulation of strength for the subsequent jerk.

 


“The pending approval of Bitcoin spot trading I see as a key catalyst for the surge. After regulation, institutional investors are likely to raise the price to the next significant level,”  Lado Okhotnikov, founder of the Meta Force Metaverse, expressed this opinion.

All assumptions are based on expert opinions and previous market trends. As with any financial investment, we recommend that you conduct your own analysis and exercise caution when making investment decisions. The news is for informational purposes and is not a call to action.

 

#Bitcoin #Cryptocurrencies #MetaForce #PriceSurge #Investments #FinancialMarkets #BlockchainTechnology #DigitalAssets

 

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