Bitcoin Price To $80,000: How The February Bullish Trend Can Push It 20% Higher

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Crypto expert Jordan has predicted that the Bitcoin price could rally to $80,000 successful the abbreviated term. The expert pointed to a February bullish inclination that could spark this rally for the starring crypto.

Bitcoin Price Eyes Rally To $80,000 Based On This Trend

In an X post, Jordan predicted that the Bitcoin terms could rally to $80,000, citing a bullish inclination that began successful February. This was astir erstwhile BTC formed a caller local low of $60,000. Since then, the starring crypto has rebounded to arsenic precocious arsenic $76,000. The expert noted that BTC has bounced each clip the terms has tested enactment successful the little $60,000 range.

Jordan said that if the Bitcoin terms tin clasp this level, past determination could beryllium a momentum propulsion towards the $80,000 to $84,000 CME gap. He added that it is absorbing that the terms has remained supra cardinal enactment levels contempt the U.S.-Iran war. Crypto expert Doctor Profit besides indicated that BTC could rally supra $80,000 successful the abbreviated term.

In an X post, helium stated that helium volition look to participate caller shorts betwixt $79,000 and $84,000 if the Bitcoin terms revisits that zone. He further remarked that helium sees a precocious mean probability that BTC volition scope this zone. However, helium added that, fixed the geopolitical concern with the warfare successful Iran, helium doesn’t deliberation the risk-reward is worthy it to spell agelong successful hopes that BTC volition rally supra $80,000.

Doctor Profit besides reiterated that the Bitcoin terms is successful a bear market and that the terms hasn’t bottomed yet. As such, helium believes that placing abbreviated orders betwixt $79,000 and $84,000 is simply a overmuch safer stake with targets beneath $50,000.

Not Yet Time To Buy BTC

Crypto expert CrypFlow stated that this is not yet the clip to bargain BTC, arsenic the Bitcoin terms has not yet bottomed. He noted that the 2-month stochastic RSI bullish transverse is 1 awesome that has consistently marked the champion buying opportunities each cycle. The expert explained that nether this pattern, momentum resets beneath 20, sentiment turns negative, and a bullish transverse aboriginal confirms the shift.

CrypFlow further remarked that the transverse marked the commencement of the bull run successful the 2015, 2019, and 2023 cycles. However, that transverse has yet to hap this clip around. He noted that the stochastic RSI is resetting again and that the setup is building, but that the awesome hasn’t triggered, signaling that the Bitcoin terms could inactive driblet lower.