{"id":560150,"date":"2024-11-10T21:00:36","date_gmt":"2024-11-10T21:00:36","guid":{"rendered":"https:\/\/ktsl888.com\/?p=560150"},"modified":"2025-06-11T08:14:54","modified_gmt":"2025-06-11T08:14:54","slug":"bitcoin-37000-whats-next","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-37000-whats-next\/","title":{"rendered":"Bitcoin Ready To Take-Off? Analyst Who Predicted $37,000 Reveals What\u2019s Next"},"content":{"rendered":"

Bitcoin is still seeing an impressive run but speculations on where the asset is headed next are running wild. A crypto analyst has shared their own expectations for the leading cryptocurrency<\/a>, considering both sides of the coin and the possible price marks it can achieve.<\/p>\n

Bitcoin Price Gunning For $40,000<\/h2>\n

In an extensive analysis, crypto analyst and trader FieryTrading has mapped out how the Bitcoin price<\/a> could reach $40,000. The analysis which was posted on TradingView starting November 8 points out the fact that the BTC price has continued to trade in a tight bullish channel since October.<\/p>\n

Related Reading: $9 Trillion BlackRock Files Ethereum Spot ETF, What\u2019s So Special About It?<\/a><\/div>\n

This was proven to be true when the price of the asset actually jumped above $37,000 later before the pullback to the mid-$36,000s. The steady recovery that has categorized Bitcoin dips<\/a> since the rally began in October has been making higher lows, as the analyst points out. FieryTrading refers to this as something that shows that an asset is \u201cclassically getting ready for the next pump.\u201d Further adding that: \u201cI think that the same goes for BTC<\/a>.\u201d<\/p>\n

\"Bitcoin\"<\/p>\n

Source: Tradingview.com<\/a><\/pre>\n
The analyst expects that Bitcoin will continue to move up in the coming, and their first target of $37,000 was already crushed on November 9. Then following this, the analyst expects \u201ca retest of the top channel is to be expected as a confirmation of the break out.\u201d<\/p>\n
Naturally, the price target for this resurgence has been placed at $40,000 by FieryTrading as long as the top of the channel mentioned has been hit. In a subsequent post, the analyst confirms that this has indeed happened.<\/p>\n
BTC Marks Time For Recovery<\/h2>\n
In a November 9 update, FieryTrading revealed that Bitcoin has indeed hit the top of the channel which could lead to a rejection. However, the analyst explains that this rejection will only be temporary and could be followed by a breakout to the upside.\u00a0 <\/span>The chart marks a retracement after which, the price does move toward the $40,000 target<\/a>.<\/p>\n
Related Reading: Countdown to Chaos: Ethereum Insider To Expose ETH Founders\u2019 Fraud In Weeks<\/a><\/div>\n
However, it is not set in stone that a rally to $40,000 will take place, and like any analysis, there is always the risk of it being invalidated. FieryTrading points out that Bitcoin could see massive selling that could drag the price back down to $37,000<\/a>. But even this does not deter the trader who believes “It’s healthy if the price retests the top resistance of the channel.\u201d<\/p>\n
The latest update to the analysis acknowledges a deeper crash than expected but it seems the analyst\u2019s forecast still holds. \u201cEyes open for V-shape bounce. Whipsaw longs & shorts at the same time while keeping the trend intact,\u201d FieryTrading says.<\/p>\n
\"Bitcoin<\/p>\n
BTC bulls hold $37,000 | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Featured image from Investing News Network, chart from Tradingview.com<\/div>\n
 <\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin is still seeing an impressive run but speculations on where the asset is headed next are running wild. A crypto analyst has shared their own expectations for the leading cryptocurrency, considering both sides of the coin and the possible price marks it can achieve. Bitcoin Price Gunning For $40,000 In an extensive analysis, crypto analyst and trader FieryTrading has mapped out how the Bitcoin price could reach $40,000. The analysis which was posted on TradingView starting November 8 points out the fact that the BTC price has continued to trade in a tight bullish channel since October. Related Reading: $9 Trillion BlackRock Files Ethereum Spot ETF, What\u2019s So Special About It? This was proven to be true when the price of the asset actually jumped above $37,000 later before the pullback to the mid-$36,000s. The steady recovery that has categorized Bitcoin dips since the rally began in October has been making higher lows, as the analyst points out. FieryTrading refers to this as something that shows that an asset is \u201cclassically getting ready for the next pump.\u201d Further adding that: \u201cI think that the same goes for BTC.\u201d Source: Tradingview.com The analyst expects that Bitcoin will continue to move up in the coming, and their first target of $37,000 was already crushed on November 9. Then following this, the analyst expects \u201ca retest of the top channel is to be expected as a confirmation of the break out.\u201d Naturally, the price target for this resurgence has been placed at $40,000 by FieryTrading as long as the top of the channel mentioned has been hit. In a subsequent post, the analyst confirms that this has indeed happened. BTC Marks Time For Recovery In a November 9 update, FieryTrading revealed that Bitcoin has indeed hit the top of the channel which could lead to a rejection. However, the analyst explains that this rejection will only be temporary and could be followed by a breakout to the upside.\u00a0 The chart marks a retracement after which, the price does move toward the $40,000 target. Related Reading: Countdown to Chaos: Ethereum Insider To Expose ETH Founders\u2019 Fraud In Weeks However, it is not set in stone that a rally to $40,000 will take place, and like any analysis, there is always the risk of it being invalidated. FieryTrading points out that Bitcoin could see massive selling that could drag the price back down to $37,000. But even this does not deter the trader who believes “It’s healthy if the price retests the top resistance of the channel.\u201d The latest update to the analysis acknowledges a deeper crash than expected but it seems the analyst\u2019s forecast still holds. \u201cEyes open for V-shape bounce. Whipsaw longs & shorts at the same time while keeping the trend intact,\u201d FieryTrading says. BTC bulls hold $37,000 | Source: BTCUSD on Tradingview.com Featured image from Investing News Network, chart from Tradingview.com  <\/p>\n","protected":false},"author":594,"featured_media":560155,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,83361,3],"tags":[167,428,656,678,1119,89185,1144,78790,6664,26263,14690],"class_list":["post-560150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-btc","category-news","tag-analyst","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-prediction","tag-btc","tag-btc-news","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\nBitcoin Ready To Take-Off? Analyst Who Predicted $37,000 Reveals What\u2019s Next<\/title>\n<meta name=\"description\" content=\"Bitcoin is still seeing an impressive run but speculations on where the asset is headed next are running wild.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/bitcoin-37000-whats-next\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Ready To Take-Off? 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His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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