Bitcoin Will Make a Major Price Movement in the Next 5 – 10 Weeks!

Bitcoin price managed to hold above the critical level of $ 27 thousand: Bitcoin price will make a huge movement in the next 5 - 10 weeks!
Bitcoin Could Start a Direction-Defining Price Movement
While Bitcoin (BTC) tends to trade largely sideways like most assets in the cryptocurrency market, some crypto experts have noticed indicators that point to the possibility of a big move in the coming weeks.
Indeed, according to the chart pattern analysis shared by famous crypto analyst Crypto Rover in the
In particular, the expert observed two possible price targets depending on which trend will prevail – a 95-week downtrend or a 46-week uptrend. If the first one prevails, the first cryptocurrency bear target could be $12,000. On the other hand, the bullish target from the second scenario is $63,000.
In addition, another pseudonymous crypto analyst, el crypto prof and Mustache, compared Bitcoin's price movements in 2015, 2019, and 2023, sharing that "something big is coming for BTC." Experts explained that the same conclusion "applies to any chart I look at right now."
Indeed, previous cases have shown that every major movement of the decentralized finance (DeFi) asset has seen multiple bottoms, divergences from the trend in 2015, and bottoms, divergences, and repeats in 2019, followed by a second Covid-19-induced relapse in 2020 and a second in 2023. saw the bottom come first, with the divergence, the relapse, and the second relapse.
What is the price of Bitcoin?
Until this big move occurs, Bitcoin is trading at $27,645, up 0.45% on the day and up 4.48% on the one-week chart and 7.44% on the monthly chart, according to data on October 5.
Meanwhile, crypto analyst Stockmoney Lizards said on October 4 that "we will likely see the beginning of the bull run before the halving" based on several factors such as formation, environment, and overall situation.
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