On July 31, Coin Version asked its followers to predict the lowest price that Bitcoin may reach in a poll that was launched that day. 1,411 people cast ballots, and 41.1% of them predicted that BTC will reach a value of $25,000. Voters chose $12,000 and $20,000 as the lowest value, while 15.1% predicted that Bitcoin will reach $15,000.
When considering BTC’s most recent position, it may be obvious that the leading cryptocurrency has increased in value. According to the graphic below, BTC was valued at $29.25K when the markets opened for the week’s buying and selling. BTC peaked at $29.67K on July 27 before falling below $29K and reaching its weekly low value of $28.75K. After then, until early August 1, it fluctuated between $29.1K and $29.5K.
But because it climbed to $29.99K at dawn on August 2, BTC gained new optimism. The aforementioned rise is thought to have been caused by Michael Saylor, who planned to buy more bitcoin by raising $750 million.
An analogy can be seen with the Multi-Time Interval Charts Indicator. It is clear that BTC formed a green-two red-green candlestick pattern before it jumped, especially when considering the most recent greater fall. The same green-two red-green candlestick pattern is visible at the moment; this may indicate that a surge in the price of bitcoin (BTC) is imminent. In addition, one other sign of a bullish overlook might be the inverted bullish hammer at the bottom of the chart.
