- Market sentiment shifts to ‘Neutral’ as BTC price nears $100,000.
- Analysts expect explosive pumps for BTC price soon.
- Bullish $300,000 price target comes into play as inverse head & shoulders pattern forms.
Bitcoin (BTC), the pioneer crypto asset is almost back at $100,000. Presently at $98,000, the sentiment of the crypto market is up to a ‘Neutral’ state with a score of 42 according to CoinMarketCap’s Crypto Fear & Greed Index. While Bitcoin hints at possibly reclaiming its 6-digit price targets, analysts share their opinion on what’s to come next.
Bitcoin’s Next Bullish Indicators
As we can see from the post above, Doctor Profit, the silver-tongued analyst known for his many accurate crypto market predictions so far, shares his opinion on Bitcoin’s next move. So far, this analyst has preached BTC’s steady movement in a sideways box before pumping up to its next ATH price.
It is this market-making move that he attributed to the market’s stagnancy once again. He berates weak-minded traders for falling for FUD conditions once again and panic-selling only to see Bitcoin price recover steadily. He once again reminds the crypto community of how diamond hands have been holding BTC since the start of the cycle and encourages accumulation before BTC’s next ATH price.
Bullish $300,000 BTC ATH Cycle Top Indicator
Meanwhile, another popular crypto analyst and enthusiast shared a bullish indicator flashing on the BTC price chart. As we can see from the post above, Bitcoin is flashing a bullish inverse head & shoulders pattern on the monthly chart. He says this move indicates an explosive pump towards the $300,000 price target for Bitcoin (BTC).
