In recent weeks, bitcoin has noticeably recovered, and even the crisis in the banking industry in the United States did not prevent the first cryptocurrency from exceeding $26,000 for some time. According to Charles Edwards, BTC is trying to make a full-fledged reversal in 2023. On the chart, Edwards defined the pattern as a “hit and run” – several downward steps, and then a full reversal and growth in the asset price.
According to the founder of Capriole, bitcoin is ready for a “jump uphill”, and he called the goal of the first cryptocurrency reaching $100,000. However, Edwards noted that, as always in technical analysis, the figure may not work.
Earlier, well-known economist and writer Robert Kiyosaki called for investing in precious metals and bitcoin, as a large-scale economic crisis is brewing in the global market.
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.