Crypto Analyst: Bitcoin Price Closes to Buying Opportunity

July 17, 2022

Crypto Analyst: Bitcoin Price Closes to Buying Opportunity

Josh Olszewicz, an analyst from Brave New Coin uses the Ichimoku cloud system and predicts that Bitcoin buying opportunities appear every quarter.

According to Josh Olszewicz, the Bitcoin (BTC) price chart is about to show a new buy signal every quarter.

In his April 19 Tweet, Olszewicz posted a video discussing the following chart, demonstrating the coming “opportunity to buy Bitcoin once a quarter or twice a year.” The expert said that the coin is about to move above the Ichimoku cloud after 5 weeks, whereby the Bitcoin price will rise much higher than the current price of $7,167.

Olszewicz added that this is a rare phenomenon and thanks to it he made his fortune with a “buy and hold” strategy.

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The Ichimoku Cloud is a more intuitive way to interpret cryptocurrency flows, spot support and resistance zones, find trends, measure momentum, and spot buy and sell signals. The average helps experts predict whether prices will be biased up or down.

This system was used in BTC bullish momentum analysis. In 2020, Bitcoin price moves above the red cloud, indicating a 250% recovery and up to $14,000.

Currently, Bitcoin price hovers around $7,000 and Bitcoin Halving is approaching. Olszewicz does not predict when Bitcoin will turn into a (bullish) bull market in 2020, but reiterates that the cloud marks “a buy signal… in the next few weeks.” Follow primexbt to update more useful information.

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Currently working as an SEO employee at a trading company in Hanoi, in the past I have been doing mmo for about 2 years, so I can consider mmo as a side job of mine, online investment brings me joy. in idle time. If you have any questions, you can contact me

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Crypto Analyst: Bitcoin Price Closes to Buying Opportunity

Josh Olszewicz, an analyst from Brave New Coin uses the Ichimoku cloud system and predicts that Bitcoin buying opportunities appear every quarter.