A two-week Bitcoin Super Trend Analysis indicates that prices will rise.

A two-week Bitcoin Super Trend Analysis indicates that prices will rise.
A two-week Bitcoin Super Trend Analysis indicates that prices will rise.

After dropping from the $30 price level, the price of Bitcoin (BTC) has been fluctuating in the red zones since the beginning of this month. However, experts recently predicted an impending bullish surge in the cryptocurrency market in a two-week Bitcoin Super Trend research.

A technical analyst for Bitcoin going by the handle CryptoCon on Twitter claims that the Super Trend, which focuses on finding significant resistance levels, points to two important elements that could result in higher prices.

First off, there is a welcome amount of resistance in the market surrounding the trend flip. This resistance, in the analyst’s opinion, is a good indicator and a crucial component of the regular market cycle. It implies that cryptocurrency is going through a required phase of consolidation before beginning a fresh upward trend.

“Meeting resistance around the trend flip is healthy, and it is happening now,” said the well-known crypto analyst.

The expert also claimed that big price rallies frequently occur after trend resistance based on historical evidence. Previous Bitcoin market cycles have shown the presence of resistance before a significant bull run, supporting the idea that the current resistance is a sign of higher prices.

Investors are encouraged to show patience and refrain from making rash judgments while the market tests key resistance levels. CryptoCon tweeted, “Higher prices are coming,” recommending investors to be firm in the face of transient swings.

Experts and crypto analysts stated that when BTC was trading below $19k earlier this year, it was the greatest moment to start accumulating Bitcoin sats because there might not be another lower price point. Since then, the coin has climbed past $30k, reaching one of its recent highs.

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Disclaimer: Cryptocurrencies are complex, risky, and speculative; they are also quite volatile and susceptible to secondary activity. Performance is unpredictable, and past success does not ensure future success. Before depending on this information, take into account your own circumstances and seek your own counsel. Before making any decisions, you should also confirm the specifics of any product or service (including its legal status and any regulatory requirements) and examine the websites of the appropriate regulators. There may be holdings in the cryptocurrencies mentioned by Finder or the author. The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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