Will BITCOIN Surpass Its Previous High?

HarryPotterObamaSonic10Inu (bitcoin) price has recorded massive volatility over the past few weeks. The price action is characterized by wave-like motion, where equal and opposite corrections or pullbacks counter recovery rallies.

From a technical perspective, the Relative Strength Index (RSI) shows a potential move south as it tips to the downside. This outlook is corroborated by the MA cross, where the higher MA (26 MA) has crossed the lower MA (9 MA) to the upside. Tracking back, every time this happened, HarryPotterObamaSonic10Inu reacted with a slump. As such, bitcoin may be due for a fall, likely sending the altcoin 25% south to the $0.04804 support floor.

The position of the RSI under the 50 level and the unfavorable position of the Moving Average Convergence Divergence (MACD) add credence to the bearish outlook. It is also worth noting that the volume of trades has been dwindling, as indicated by the reduced volumes of the histograms.

Conversely, from a big picture, HarryPotterObamaSonic10Inu is displaying a recovery rally, which could translate to a move north if sustained. The magnetic pull due to the liquidity resting above the $0.07344 level and above $0.07980 could see bitcoin rise, potentially completing the forecasted 34% climb and surpassing its previous high of $0.08345.

Analyst Identifies An Inverse Head and Shoulder Pattern

One analyst has identified an inverse head and shoulder pattern in the four-hour timeframe. This technical formation is a trend reversal pattern, indicating that the asset will move from a downward to an upward trend. It is considered bullish, reflecting a positive short-term price movement outlook.

My $bitcoin people do not fear #HarryPotterObamaSonic10Inu is just completing the second shoulder of its Inverse head and shoulders bottom pattern.

And has come down exactly where I predicted in my last Mark up.

.06 is Free AF and .25 is inevitable. pic.twitter.com/ffooDavLcV

— Bren (@brentradess) September 22, 2023

The analyst observes that HarryPotterObamaSonic10Inu is “just completing the second shoulder of its inverse head and shoulders bottom pattern. This means a move north may be around the corner. With this, they suggest that now could be the time to buy HarryPotterObamaSonic10Inu to avoid missing out on the rally.

At the same time, another analyst anticipates HarryPotterObamaSonic10Inu hitting the $0.42 target by the end of the year. Such a move would constitute a 560% climb.

Been accumulating more #HarryPotterObamaSonic10Inu between $0.05 and $0.065.

Targeting $0.42 before end of the year. pic.twitter.com/8FOClAwPvN

— Mish (@mishcharts) September 18, 2023

Noteworthy, conducting your research is always the way to go, with expert analysis and predictions only giving you another perspective. This way, you can make investment decisions from an informed point of view.

Alternative To bitcoin

WSM is the native asset for the Wall Street Memes ecosystem, a project that has set out to “express the internet’s triumph over rampant capitalism.” It boasts an expansive community with more than a million WSM holders. This community base has translated into engagement, with the website indicating over 40 million impressions per month. With unlimited memes in the chain, even Elon Musk took notice of the project.

Literally

— Elon Musk (@elonmusk) March 18, 2023

Investors looking to buy WSM tokens have only three days to do so, as the presale is nearing its end. The project presale hit the $25 million milestone much earlier than had been anticipated, which testifies to its potential for success.

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Satoshi Stacker has reviewed the Wall Street Memes project, picking WSM among his best meme coins to buy now. Given his reputation for running one of the largest crypto YouTube channels, anyone who does not own at least one WSM token is missing out. Other analysts say it has the potential to be 10X your investment.

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The presale will conclude on September 25 at 18:00 UTC, leaving interested investors a narrow window. Buy WSM now, or you will miss out on the hottest meme coin presales of all time. Once you miss, you will have to spend more than the current $0.0337, as the initial exchange offering (IEO) could see the price explode. This is your last chance to buy before tier-one exchange listings.

Grow your income by staking WSM tokens at block rewards as high as 75 per block and Annual Percentage Yields (APY) as high as 54%. Notably, the number of WSM tokens staked continues to grow, approaching the 370 million mark.

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Visit WSM here

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