{"id":556619,"date":"2023-10-23T13:00:11","date_gmt":"2023-10-23T13:00:11","guid":{"rendered":"https:\/\/wncen.com\/?p=556619"},"modified":"2024-06-11T07:06:17","modified_gmt":"2024-06-11T07:06:17","slug":"bullish-bitcoin-price-rally-41000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bullish-bitcoin-price-rally-41000\/","title":{"rendered":"Analyst Predicts Bullish Bitcoin Price Rally To $41,000, Here\u2019s When"},"content":{"rendered":"

The Bitcoin price <\/span>went over $30,000<\/span><\/a> over the weekend to reach its highest point since mid-July. As part of this recent rally, crypto trader Carl From The Moon has shared his Bitcoin analysis, predicting the cryptocurrency is poised for a massive 37% rally that could send the price up to $41,000.<\/span><\/p>\n

Analyst Carl From The Moon Predicts Bitcoin Price Rally<\/h2>\n

Bitcoin has been subject to many price predictions in recent months, particularly as the industry awaits the approval of applications for a <\/span>spot Bitcoin ETF<\/span><\/a>. Subsequently, Carl Runefelt, also known as Carl From The Moon, based his long-term analysis on a bullish run if these applications were approved.\u00a0<\/span><\/p>\n

Related Reading: Crypto Analyst Points Out Bitcoin Sell Signal That Could Be Triggered Today<\/a><\/div>\n

In a new YouTube video, Carl points out that Bitcoin’s price action has just completed a diamond pattern, and a big breakout move to the upside is imminent in the next 30 days.\u00a0<\/span><\/p>\n

\n

TRADE ALERT: #Bitcoin<\/a> diamond pattern.<\/p>\n

Target: $41,000 within 30 days.<\/p>\n

More info here: https:\/\/t.co\/4uX3lL9Sf8<\/a> pic.twitter.com\/2ABJo5fYiu<\/a><\/p>\n

\u2014 Carl From The Moon (@TheMoonCarl) October 22, 2023<\/a><\/p><\/blockquote>\n

Carl sees a few factors indicating Bitcoin is ready to soar. First, the crypto formed an upside movement at the beginning of the year. Subsequently, a diamond pattern began to form around April on the weekly timescale. Now, Bitcoin is in a prime position to clear the $31,000 resistance level, which would surge the cryptocurrency 37% from its current price of around $30,000 up to $41,000.<\/span><\/p>\n

\u201cWhat we can see now is a massive, massive diamond pattern on the weekly timeframe. And if Bitcoin breaks up like this, then we could see Bitcoin go all the way up to $41,000, which would be absolutely insane, right?\u201d Carl said.<\/span><\/p>\n

For now, Carl remains extremely bullish. Aside from his prediction, Carl also reflected on the <\/span>current general sentiment<\/span><\/a> of most Bitcoin traders for the near future. He does this by showing his leveraged long positions on different crypto exchanges while planning to add more when a spot Bitcoin ETF is approved.\u00a0<\/span><\/p>\n

\u201cAny day now, the ETF will come out, and then we will wish that we had these long positions open,\u201d the crypto analyst said.<\/span><\/p>\n

Carl isn’t the only analyst predicting high Bitcoin prices based on the approval of Bitcoin ETFs. Several <\/span>other experts also think<\/span><\/a> Bitcoin will spike in the coming months, with some giving <\/span>higher price targets<\/span><\/a> than others.\u00a0<\/span><\/p>\n

Related Reading: New SHIB-Based Token On The Way? Shiba Inu Team Member Shares Important Update<\/a><\/div>\n

For example, crypto analyst Mags on social media platform X <\/span>predicted a $70,000 price tag<\/span><\/a> is foreseeable. A more optimistic prediction came from Ark Invest CEO Cathie Woods, <\/span>who predicted<\/span><\/a> $1.48 million for each Bitcoin based on increasing mainstream adoption.<\/span><\/p>\n

At the time of writing, Bitcoin is trading at $30,522, up by 9.86% in a 7-day timeframe. Most signs point to <\/span>higher prices ahead<\/span><\/a>, and many retail investors and heavyweights alike look to <\/span>position themselves<\/span><\/a>. Crypto whale transaction tracker Whale Alerts also recently revealed a massive 1,087 BTC withdrawal from crypto exchange Binance.US to a private wallet, suggesting there\u2019s accumulation taking place.<\/span><\/p>\n

\n

\ud83d\udea8 \ud83d\udea8 1,087 #BTC<\/a> (32,531,932 USD) transferred from #BinanceUS<\/a> to unknown wallethttps:\/\/t.co\/NsHxbV0TGS<\/a><\/p>\n

\u2014 Whale Alert (@whale_alert) October 23, 2023<\/a><\/p><\/blockquote>\n

\"Bitcoin<\/p>\n

BTC finds support at $30,500 | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Featured image from Analytics Insight, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The Bitcoin price went over $30,000 over the weekend to reach its highest point since mid-July. As part of this recent rally, crypto trader Carl From The Moon has shared his Bitcoin analysis, predicting the cryptocurrency is poised for a massive 37% rally that could send the price up to $41,000. Analyst Carl From The Moon Predicts Bitcoin Price Rally Bitcoin has been subject to many price predictions in recent months, particularly as the industry awaits the approval of applications for a spot Bitcoin ETF. Subsequently, Carl Runefelt, also known as Carl From The Moon, based his long-term analysis on a bullish run if these applications were approved.\u00a0 Related Reading: Crypto Analyst Points Out Bitcoin Sell Signal That Could Be Triggered Today In a new YouTube video, Carl points out that Bitcoin’s price action has just completed a diamond pattern, and a big breakout move to the upside is imminent in the next 30 days.\u00a0 TRADE ALERT: #Bitcoin diamond pattern. Target: $41,000 within 30 days. More info here: https:\/\/t.co\/4uX3lL9Sf8 pic.twitter.com\/2ABJo5fYiu \u2014 Carl From The Moon (@TheMoonCarl) October 22, 2023 Carl sees a few factors indicating Bitcoin is ready to soar. First, the crypto formed an upside movement at the beginning of the year. Subsequently, a diamond pattern began to form around April on the weekly timescale. Now, Bitcoin is in a prime position to clear the $31,000 resistance level, which would surge the cryptocurrency 37% from its current price of around $30,000 up to $41,000. \u201cWhat we can see now is a massive, massive diamond pattern on the weekly timeframe. And if Bitcoin breaks up like this, then we could see Bitcoin go all the way up to $41,000, which would be absolutely insane, right?\u201d Carl said. For now, Carl remains extremely bullish. Aside from his prediction, Carl also reflected on the current general sentiment of most Bitcoin traders for the near future. He does this by showing his leveraged long positions on different crypto exchanges while planning to add more when a spot Bitcoin ETF is approved.\u00a0 \u201cAny day now, the ETF will come out, and then we will wish that we had these long positions open,\u201d the crypto analyst said. Carl isn’t the only analyst predicting high Bitcoin prices based on the approval of Bitcoin ETFs. Several other experts also think Bitcoin will spike in the coming months, with some giving higher price targets than others.\u00a0 Related Reading: New SHIB-Based Token On The Way? Shiba Inu Team Member Shares Important Update For example, crypto analyst Mags on social media platform X predicted a $70,000 price tag is foreseeable. A more optimistic prediction came from Ark Invest CEO Cathie Woods, who predicted $1.48 million for each Bitcoin based on increasing mainstream adoption. At the time of writing, Bitcoin is trading at $30,522, up by 9.86% in a 7-day timeframe. Most signs point to higher prices ahead, and many retail investors and heavyweights alike look to position themselves. Crypto whale transaction tracker Whale Alerts also recently revealed a massive 1,087 BTC withdrawal from crypto exchange Binance.US to a private wallet, suggesting there\u2019s accumulation taking place. \ud83d\udea8 \ud83d\udea8 1,087 #BTC (32,531,932 USD) transferred from #BinanceUS to unknown wallethttps:\/\/t.co\/NsHxbV0TGS \u2014 Whale Alert (@whale_alert) October 23, 2023 BTC finds support at $30,500 | Source: BTCUSD on Tradingview.com Featured image from Analytics Insight, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":556630,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,89462,1119,89185,1122,1144,78790],"class_list":["post-556619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-bitcoin-price-performance","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nAnalyst Predicts Bullish Bitcoin Price Rally To $41,000, Here\u2019s When<\/title>\n<meta name=\"description\" content=\"crypto trader Carl From The Moon has shared his Bitcoin price analysis, predicting the coin is poised for a massive 37% rally to $41,000.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. 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. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Analyst Predicts Bullish Bitcoin Price Rally To $41,000, Here\u2019s When","url":"http:\/\/wncen.com\/news\/bullish-bitcoin-price-rally-41000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bullish-bitcoin-price-rally-41000\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Bitcoin-bull.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Bitcoin-bull.png?fit=624%2C351"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price","bitcoin price performance","btc","btc news","btc price","btcusd","btcusdt"],"dateCreated":"2023-10-23T13:00:11Z","datePublished":"2023-10-23T13:00:11Z","dateModified":"2024-06-11T07:06:17Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Analyst Predicts Bullish Bitcoin Price Rally To $41,000, Here\\u2019s When\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bullish-bitcoin-price-rally-41000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bullish-bitcoin-price-rally-41000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Bitcoin-bull.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Bitcoin-bull.png?fit=624%2C351\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price\",\"bitcoin price performance\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2023-10-23T13:00:11Z\",\"datePublished\":\"2023-10-23T13:00:11Z\",\"dateModified\":\"2024-06-11T07:06:17Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Bitcoin-bull.png?fit=624%2C351","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/556619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=556619"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/556619\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/556630"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=556619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=556619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=556619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}