Over 20 Estimates Were Correct! Here Are The New Bitcoin Forecast And Critical Levels
coinputin.com – Raoul Pal, CEO of Real Vision and Bitcoin advocate, notes that a major bitcoin fix could be on the horizon. World-renowned crypto analyst Michaël van de Poppe is also expecting a BTC fix. Here are the predictions…
Raoul Pal: Bitcoin potentially faces some serious technical developments
Big Bitcoin bull Raoul Pal has informed his 289,000 Twitter followers that Bitcoin is showing signs of reaching a local peak. Raoul Pal uses the Tom Demark Sequential indicator to determine market entry and exit times. When 9 flashes on the Demark Sequential indicator, investors see it as a sign of a pullback. If the signal on the indicator is 13, it indicates that the trend is exhausted. Raoul Pal adds the description for the issue:
BITCOIN IS POTENTIALLY FACING SOME SERIOUS TECHNICAL DEVELOPMENTS … DAILY DEMARK SHOWS A CLUSTER AT 2, 13 AND 9 AND COULD PUT ANOTHER 13 IN TOMORROW!
Macro investor: a big fix in Bitcoin looks very possible
The macro investor is also looking at BTC’s weekly chart, which says it has also peaked. Raoul Pal adds the description for the issue:
IT IS ALSO ACCUMULATING WEEKLY PEAK NUMBERS … AS A RESULT, A LARGER CORRECTION SEEMS VERY POSSIBLE.
Raoul Pal emphasizes that the Tom Demark Sequential indicator also recorded the number 9 on the monthly chart. Raoul Pal adds the description for the issue:
AND WORRYINGLY, THE MONTH PEAKED AT 9.
TD Sequential has made quite successful predictions in the market recently. The TD Sequential indicator named and correctly predicted Bitcoin’s 2019 peak at $ 14,000 and its bottom price at $ 6,400. TD Sequential correctly predicted Bitcoin’s most famous peaks and dips, including the peak of December 2017 and the bottom price of 2018. This indicator also accurately predicted the end of the parabolic rally in altcoins Tezos, Chainlink and Ethereum. As a result, more than 20 estimates of the indicator have been accurate in recent years.
Celebrity economist: if you’re not HODLer, you might want to consider a little caution
Raoul Pal notes that the intersection of the best signals on multiple charts indicates the possibility of a significant retreat. Raoul Pal adds the description for the issue:
ALL OF THIS RAISES THE POSSIBILITY OF A BIGGER FIX IN THE GAME. IT’S NOT A CERTAINTY, BUT THE TOP MODELS IN THE 3 TIME SERIES ARE SOMETHING TO BE TAKEN SERIOUSLY, AND IF YOU’RE NOT A LONG-TERM HODLER, YOU MIGHT WANT TO CONSIDER A LITTLE CAUTION.…
Michaël van de Poppe explains the levels investors should pay attention to
Meanwhile, world-renowned crypto analyst Michaël van de Poppe expects a BTC fix. In his new analysis, Michaël van de Poppe explains the levels investors should pay attention to and notes that bears can trigger a sell-off event. Raoul Pal adds the description for the issue:
WHAT WE’RE SEEING HERE IS THE WEEKLY AREA, THE RESISTANCE ZONE, WHICH IS STILL AN ALL-TIME HIGH… WE HAVE LEVELS THAT WE INITIALLY FLAGGED AS INTERESTING BASED ON PREVIOUS RESISTANCE LEVELS ON THE WEEKLY CHART, AND MOST IMPORTANTLY, BETWEEN $ 14,000 AND $ 13,500. SO ANY OF THESE LEVELS ARE VERY IMPORTANT IF WE MAKE A CORRECTIVE MOVE. AND THEN WE’LL PROBABLY JUMP.
Renowned analyst Michael van de Poppe correctly predicted the altcoin season in the first quarter of 2020. In addition, the analyst reported Bitcoin’s recent declines hours earlier. Apart from that, the veteran analyst has other successful BTC forecasts.