When Will Bitcoin (BTC) Price Recover? Analyst Gives Date

As the pullback in Bitcoin (BTC) price creates a cautious atmosphere in the market, cryptocurrency analyst Colin Talks Crypto has assessed multiple indicators that he argues point to a possible bullish reversal towards ￰0￱ to the analyst, a potential recovery in Bitcoin is supported by several technical and macro factors, saying: Colin Talks Crypto predicts the 50-day simple moving average (SMA) and the 200-day SMA will cross around ￰1￱ noted that in past cycles, this crossover has often signaled local bottoms, suggesting this technical signal carries a strong possibility of a ￰2￱ News: Three Top-Level FED Officials Made Critical Statements About the US Economy According to the analyst, gold's price action is a leading indicator for ￰3￱ stated that the upward trend in gold could create similar upward momentum for ￰4￱ Talks Crypto argued that even as Bitcoin surged to $126,000, classic cyclical indicators showed no signs of “overheating” or overly optimistic market sentiment, suggesting the bullish cycle may not have peaked ￰5￱ Chair Jerome Powell's announcement that the balance sheet contraction program (QT) will end on December 1st strengthens the possibility of a new period of liquidity, according to ￰6￱ could create a positive macro environment for Bitcoin. *This is not investment ￰7￱ Reading: When Will Bitcoin (BTC) Price Recover?

Analyst Gives Date