Matthew Hyland, who shared on Twitter from the "Parabolic Matt" account, shared his predictions about the movements that Bitcoin can make in the coming days.
Every time Bitcoin stays below $50,000, it makes the market nervous, but Matthew Hyland thinks that there is nothing to fear and panic. He claims that the last stage of the decline has been reached and we can now see sharp upward movements from these levels.
Matthew Hyland, who was successful in his analysis on the Momentum Indicator, says that the long-term downtrend is over and upward movements will now come.
Saying that Bitcoin can reach $250,000 in January 2022, Matthew Hyland has succeeded in many of his extremely optimistic predictions. Saying that he is examining the on-chain data, Matthew emphasizes that a big rally should start in the coming days.
Matthew Hyland states that the Momentum indicator is ready for the price of Bitcoin to explode, but there is not only confirmation that the breakdown has occurred in the RSI.
Comparing these declines to the bottoms before the $69,000 rise began, Matthew Hyland says he now expects the bulls to gain market dominance.
BTC is struggling to hold on to the $45,500 – $47,000 support levels. BTC, which has fallen by 4% today, seems to have caused a general decline in the cryptocurrency market.