- Bitcoin may hit $127K very soon as the charts show various possibilities
- Experts share their two cents in various speculative predictions
- Some are serious while others find humor in the charts
Despite the bearish movements on the Bitcoin market, users are still hopeful. Many hodlers took to the charts to see various possibilities that may be able to predict the market’s trajectory.
Twitter account Bitcoin Archives shared one interesting analysis on how the BTC price movement may be moving toward. According to the account, the bull market may stretch up to 2022 summer.
#Bitcoin recovery based on 2019 pattern.
This would give me a lot of confidence in a longer bull market that could stretch into 2022 summer. pic.twitter.com/q47ykvcS5i
— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) July 1, 2021
Another popular pattern that has been trending recently is the Wyckoff Accumulation. Many analysts online have already talked about this as BTC movements closely resemble the pattern. One tweet explained the current situation of the market. According to Rekt Capital, BTC recently experienced its Spring and Test if this is truly Wyckoff Accumulation.
If this truly is Wyckoff Accumulation and #BTC recently experienced its Spring and Test…
Then $BTC needs to turn ~$33000 (black) into support soon
— Rekt Capital (@rektcapital) July 1, 2021
While others put out serious takes on Bitcoin price movements, others find humor in the charts. Twitter user @syvis6 shared his artful analysis of Bitcoin’s price movements.
Ser, based on my calculations, i believer your targets are off by 0.312%, have a look at mine. pic.twitter.com/T0T2yVxkMM
— syvis. (@syvis6) July 1, 2021
To this, some even replied, “Ahh yes, the Stegosaurus formation is a dangerous one!”