Category: Cryptocurrencies

Bitcoin hits new all-time high – Can it continue?

Bitcoin price hit new all-time highs across the world last week. New highs were seen in the major currencies such UK, Australia, Japan, South Korea, Norway, China, and India. Even in SA, Bitcoin hit a new high in rand terms of over R1.2 million per bitcoin. Why has Bitcoin soared? And how high can it go in 2024?

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How you can use Wyckoff’s method to predict the next Bitcoin rally!

Early this year, I wrote that I expected Bitcoin to rally due to a powerful indicator, known as Wyckoff’s Method. Back then, Bitcoin was in the accumulation phase, preparing for upside to come. Well, that day has come. In this article, we’ll go through the four phases and why we could see Bitcoin at $50,000 soon.

Let’s start with how it works…

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Thanks to America’s SEC and BTC Dominance Rate I expect a 34% rally for Bitcoin!

On 22 June 2023, I wrote my first Bitcoin prediction article to Trading Tips.At that time, the price broke above and out of a Falling Wedge (shaded pattern).I said it was the start of the next bull market in Bitcoin.And what a rally it has been.In fact, the price has risen to over $35,000 and is close to my target of $36,289.Now Bitcoin has surged over 14% in the last week. And it’s made its highest price point since May 2022.But I believe the rally has only just begun!In this article I’m going to explain why I expect the rally to continue to $46,200 and how we can profit from the rise.

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What’s happened to Bitcoin?

You may be surprised to hear this but Bitcoin, the world’s largest cryptocurrency is crushing it in 2023…A recent chart by New York Digital Investment Group (NYDIG) revealed the biggest crypto by market cap – Bitcoin – is up by 63%.And that was before the recent Bitcoin surge past $35,000.As I write this, Bitcoin is up over 100% so far in 2023…

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