bullish

Hedera

Bitcoin

Strong

<p>Ash Crypto reveals evidence suggesting Bitcoin’s current rally may extend well beyond current price levels, potentially reaching $150,000 to $200,000. While some analysts point to <a href="https://www.investopedia.com/articles/trading/04/012804.asp" target="_blank" rel="noopener noreferrer nofollow">bearish divergence </a>on the daily RSI <a href="https://captainaltcoin.com/bitcoin-btc-price-faces-potential-correction-heres-why/" target="_blank" rel="noopener noreferrer nofollow">as a warning sign</a>, historical patterns paint a different picture.</p>
<p>The analyst draws attention to a notable parallel between Q4 2023 and current market conditions. During the previous quarter, Bitcoin demonstrated resilience by surging from $32,000 to $43,789, despite showing bearish divergence on the <a href="https://www.cointree.com/learn/relative-strength-index/" target="_blank" rel="noopener noreferrer nofollow">RSI indicator</a>. This same technical pattern is now emerging at higher price levels around $106,672.</p>
<p>Looking at previous market cycles, <a href="https://x.com/ashcryptoreal/status/1869004469478064290?s=46" target="_blank" rel="noopener noreferrer nofollow">Ash Crypto emphasizes</a> how similar technical setups have preceded significant price appreciation rather than marking local tops. The recurring nature of these patterns, particularly during strong uptrends, suggests the current RSI divergence may be another false bearish signal.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="931" height="1024" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-876-931x1024.png" alt="" class="wp-image-602143" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-876-931x1024.png 931w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-876-273x300.png 273w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-876-767x844.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-876-1396x1536.png 1396w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-876-1861x2048.png 1861w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-876-136x150.png 136w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-876-100x110.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-876-318x350.png 318w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-876-788x866.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-876.png 818w" sizes="(max-width: 931px) 100vw, 931px">
</figure>
<h2 class="wp-block-heading" id="price-target-analysis">Price Target Analysis</h2>
<p>Building on historical fractal analysis, the expert projects Bitcoin could reach between $150,000 and $200,000 in the coming period. This forecast draws strength from the asset’s demonstrated ability to continue climbing despite seemingly bearish technical indicators, as evidenced by the Q4 2023 price action.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/hedera-hbar-price-on-the-verge-of-50-spike-one-key-resistance-left/" target="_blank" rel="noopener noreferrer nofollow">Hedera (HBAR) Price on the Verge of 50% Spike, One Key Resistance Left</a></em></strong></p>
<p>While traditional technical analysis might suggest caution at current levels, the broader market structure and historical precedent support the possibility of continued upward momentum. The expert maintains that current RSI readings, rather than signaling an imminent top, may instead mark an interim point in Bitcoin’s larger bullish cycle.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/expert-disregards-this-strong-bitcoin-btc-bearish-signal-insists-200k-remains-target-heres-why/" rel="noopener noreferrer nofollow">Expert Disregards This Strong Bitcoin (BTC) Bearish Signal, Insists $200k Remains Target: Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Expert Disregards This Strong Bitcoin (BTC) Bearish Signal, Insists $200k Remains Target: Here’s Why

Table of Contents

CaptainAltcoin

Other articles published on Dec 17, 2024

Crypto Love and Lies: 792 Individuals Arrested in Nigeria’s Largest Scam Bust

Ethereum Price Holds at $4,000 Amid Positive On-Chain Metrics

The two beefs that will reshape our global economy and the future of AI next year

Immediate App Dexair Review 2024: Scam Exposed By Crypto Experts!

Binance Launches New Platform for Emerging Projects

Baby Doge Coin Hits All-Time High, Surpasses $1B Market Cap

Join our free newsletter for daily crypto updates!