Crypto Strategist Says BTC Flashing Monster Bullish Signal – Here’s His 2023 Outlook – Cryptonium News

Crypto Strategist Says BTC Flashing Monster Bullish Signal – Here’s His 2023 Outlook

A popular virtual currency strategist believes that bitcoin (BTC), the king of virtual currencies, is poised for a massive rally in 2023.

Analysts, under the pseudonym known as Immortal in the industry, tell their 189, 800 followers on Twitter that bitcoin is showing a trend reversal on its three-day chart.

The RSI is a momentum indicator that signals a major change in an asset’s trend. Analysts’ charts show that bitcoin appears to be forming a bullish divergence, indicating that buyers are beginning to gain momentum even as the price of BTC continues to fall Inmortal’s charts show that bitcoin is reversing its trend in January 2019, October 2020, and 2021 It also shows that bitcoin began a strong rally after the same signals in July.

Inmortal believes that if BTC’s bull market rallies in 2023, Bitcoin will begin an epic rally, mirroring BTC’s performance from March to July 2019, when the royal cryptocurrency soared from $3, 000 to $14, 000.
In the short term, Inmortal sees bitcoin jumping to the US$17, 500 level.

At the time of writing, bitcoin is up 2.80% over the past 24 hours, trading at US$16, 855.