BTC $42337.91 (-5.3%)
ETH $2906.96 (-7.7%)
USDT $1.00 (0.04%)
BCH $509.06 (-7.5%)
BSV $135.74 (-7.3%)
LTC $149.26 (-8.7%)
BNB $352.19 (-8.0%)
ADA $2.25 (-0.6%)
DOGE $0.20 (-6.9%)
BTC $42337.91 (-5.3%)
ETH $2906.96 (-7.7%)
USDT $1.00 (0.04%)
BCH $509.06 (-7.5%)
BSV $135.74 (-7.3%)
LTC $149.26 (-8.7%)
BNB $352.19 (-8.0%)
ADA $2.25 (-0.6%)
DOGE $0.20 (-6.9%)

Bitcoin May Hit $127K, Charts Repeat 2019 Price Recovery

Bitcoin May Hit $127K, Charts Repeat 2019 Price Recovery
  • 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.

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.

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.

To this, some even replied, “Ahh yes, the Stegosaurus formation is a dangerous one!”

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Joseph Joestar is a CoinQuora contributor. He works in various blockchain marketing content projects, specializing in written content such as technical whitepapers, press releases, and articles.