Bitcoin (BTC) Poised For Significant Rebound To $72,000, Says Popular Cryptocurrency Expert Javon Marks

Well-known cryptocurrency expert and trader Javon Marks has made a bold prediction that goes against the current Bitcoin market sentiment

A well-known cryptocurrency expert and trader has made a bold prediction that contradicts the current Bitcoin market sentiment, predicts The crypto asset is set for a strong rally towards the key $72,000 level. This bullish prediction comes despite Bitcoin’s recent difficulties, experiencing a significant plunge and widespread adverse market trends. Bitcoin Poised for a Big Rally to $72,000 After failing to break above last week’s $66,500 threshold, Bitcoin (BTC) is currently trading below the $62,000 support, indicating that the cryptocurrency market remains quite unstable. However, multiple cryptocurrency analysts believe that the downward trend will soon end and predict a significant rebound in the coming days. Analysis from Javon Marks suggests that Bitcoin’s recent decline may be coming to an end based on a number of technical indicators and market factors, including the Relative Strength Index (RSI). He also highlighted the formation of a bullish divergence pattern, which often precedes an upward move in the market, and noted that important support levels between $56,000 and $60,000 remain firm. According to experts, as Bitcoin’s price rises while confirming higher lows and lower RSI, the asset has validated a bullish pattern. Therefore, if this pattern continues, Javon Marks expects the price to rebound to $72,000 and possibly even hit an all-time high. The article reads: Bitcoin (BTC) confirmed a bullish pattern with its price increase + confirming higher highs and lower RSI that could point to a rally to near $72,000, with continuation potentially leading to a new record high. The analyst further noted that this process could lead to a greater growth phase for the crypto asset, where it would continue to rise to unprecedented levels. So far, Javon Marks’ analysis has provided a glimmer of hope for investors and traders hoping that Bitcoin’s recent bear trend will end and positive momentum resumes. An Ideal Time to Buy Digital Assets As Bitcoin continues to witness bearish momentum, prominent cryptocurrency analyst and enthusiast Ali Martinez has highlighted that now may be the right time to buy digital assets. According to experts, Bitcoin’s daily RSI has reached approximately three oversold zones in the past two years. As a result, BTC’s price increased by 60%, 63%, and 198% every time the daily RSI hit oversold territory. Now, with the crypto asset falling below the $62,000 level and the daily RSI entering oversold territory again, Martinez believes this could be an opportunity to buy the dip. At the time of writing, Bitcoin is trading at $61,220, down more than 6% from the past week. This decline extends to its market capitalization and trading volume, which fell by 0.08% and 31% respectively over the past day.

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