359
146 shares, 359 points

Bitcoin market is a highly volatile, energetic market where the climate changes every day. No matter how accurately an investor predicts the future, the result can always be surprising. For this reason, analisdollarserine thoughts, known for their accurate predictions, are very valuable. Successful analyst Scott Melker, known by the nickname “The Wolf of All Streets”, revealed the estimated Bitcoin price in a recent video. The highly anticipated analysis is as follows:

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Scott Melker’s Bitcoin prediction of $280,000

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In a recent analysis, the analyst commenting on the current Bitcoin market highlights interesting points based on the monthly chart of BTC. First, on the monthly chart, stating that BTC has broken the EQ line (middle line), the analyst analyzed the status of the leading cryptocurrency as “holding its candles below this line for more than 17 months from June 2019 to November 2020”. . In addition, adding that BTC last crossed the line in December 2020, the analyst also states that the line is currently being retested for support. Scott Melker also added the following words for his Bitcoin prediction:

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In the coming month, if Bitcoin can break to the top of the channel (upper trendline), this could point to the $158,000 level. A month later, you see that it took a few months for it to progress to $168,176… This could take us to $230, $250, and $280k.

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Additionally, the analyst adds that on the daily chart, BTC has broken the middle line of the descending channel. Stating that Bitcoin is actively rising, the analyst also emphasized that the current region is turned into support. At the same time, the resistance zone will be the 50 MA, or the top of the channel, according to Melker’s detections.

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Analyst emphasizes that Bitcoin must exceed $42,000 first

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Commenting on the short-term movementollar series in the continuation of his forecasts, Melker continues his analysis on the 4 hourdollarsic charts showing a possible Wyckoff accumulation rally. Stating that the spring is coming slowly, Melker predicts that $ 36 thousand should remain as support and this movement can increase Bitcoin up to $ 42 thousand.

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Additionally, Melker’s predictions are supported by popular analyst Rekt Capital. Cryptocoin. com

As we have reported as , Rekt Capital, which recently stated that Bitcoin can hold at 50 WEMA, posted the following tweedollar series about how this indicator can create a potential bull market:

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https://twitter. com/rektcapital/status/140364757015805184

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Can Bitcoin be in trouble?

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On the other hand, stating that Congressman Bill Foster’s latest statement caused concern, the analyst states that malicious software is a threat to the legal status of Bitcoin. Making a statement on the subject at an online meeting, Foster explained the situation to the audience with the following sentence:

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I’m not there yet, but there is an important view in Congress that if you are participating in an anonymous crypto transaction, you are an actual participant in a criminal conspiracy.

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Disclaimer: Cryptocoin. The articles and articles on com do not constitute investment advice. Cryptocoin. com does not recommend buying or selling any cryptocurrencies or digital assets or Cryptocoins. com is not an investment advisor. Hence Cryptocoin. com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.

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Warning: Cryptocoin. Citing the news content of com and quoting by giving a link Cryptokoin. com’s permission. No content on the site can be copied, reproduced or published on any platform without permission. Cryptocoin. Legal action will be taken against those who use code, design, text, graphics and all other content of com in violation of intellectual property law and relevant legislation. .

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