Bitcoin Price Set to Follow Fetch.ai (FET) and Reach ATH?
• The Bitcoin price has been displaying a bullish trend since reaching $24,000 last week.
• Fetch.ai (FET) has seen a remarkable 300% increase in value year-to-date.
• Crypto analyst CrediBull thinks an ATH by the end of this year is highly plausible, though a correction before following the footsteps of Fetch.ai is likely to play out.
Bitcoin Price Likely to Rally to New All-Time High
The Bitcoin price has been displaying a bullish trend, characterized by higher highs and higher lows, since reaching $24,000 last week. Despite current market indicators suggesting neutrality, potential volatility could drive the price to a new all-time high. The bullish sentiment is on the brink of overtaking the weekly bearish momentum, should the upward trend persist in the coming weeks. Additionally, the cryptocurrency market has recovered to pre-FTX levels following a recovery rally in January.
Explosive Growth: The Rise Of Fetch.ai (FET)
Fetch.ai (FET) has seen an impressive 300% increase in value year-to-date according to recent crypto market data. Founded in 2017, Fetch.AI is an AI-focused organization that has developed an open decentralized machine learning network with a cryptographic economy; this progress has drawn significant attention from both the cryptocurrency community and institutional investors leading to a significant increase in its price since reaching its low in November/December of last year mirroring that of Bitcoin’s 2021 performance..
Possible All Time High By Year End?
Crypto analyst CrediBull thinks an ATH by the end of this year is highly plausible if Bitcoin follows Fetch’s footsteps however they indicate possible corrections before doing so likely playing out first thus keeping investors on their toes for when it does happen..
Market at Crucial Period
The BTC market is currently at crucial period after trading for more than five months below 200D MA with 50 and 200 WMA glaring at possible dreaded death cross; bulls must push over $25k if crash event invalidation is sought after..
It remains unclear how far or fast BTC will rise if pushed above $25k but one thing’s certain – with unexpected volatility always around corner predicting future developments accurately remains difficult task even for experts!