Bitcoin To Gain Another 33-53% in The Coming Month: Well-Known Analyst Weighs In

In the ever-evolving landscape of cryptocurrency, Bitcoin, the digital currency pioneer, is currently exhibiting signs of a significant upward trend. This isn’t a mere conjecture but a conclusion drawn from a meticulous examination of statistical indicators and historical trends, as analyzed by Eric Krown Crypto, a renowned figure in the crypto analysis sphere.

Krown’s analysis is primarily based on the five-day volatility versus stochastic momentum setup, a trusted indicator of future price movements. According to this setup, when volatility is at a low and begins to expand, the stochastic often moves aggressively in the same direction. This suggests a high probability of Bitcoin’s price continuing to ascend. Krown’s analysis predicts a potential return of around 33% to 53% over an average of the next 33 days.

Another key indicator Krown uses in his analysis is the Gaussian channel. This indicator also suggests that Bitcoin is likely to continue its upward trend. Historically, Bitcoin has been known to break the long-term downtrend about a year before the halving event, subsequently going on a significant run. If this historical trend repeats itself, Bitcoin could see a run of about 100% to 167% over about 100 days on average from the break of the long-term downtrend.

However, Krown’s analysis also warns of potential turbulence ahead. While Bitcoin is likely to continue its rally in the short term, it could see a significant downside move after the rally concludes. There’s also a potential for a pullback to around $29,000 to $29,500 before the rally continues.

In conclusion, while the cryptocurrency market is known for its unpredictability, the current indicators, as analyzed by Eric Krown Crypto, suggest a bullish trend for Bitcoin. However, investors should be prepared for potential volatility and downside movements following the rally. As always, it’s crucial to make informed decisions based on careful analysis and not get swept away by the winds of change.

intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of


Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.

We will be happy to hear your thoughts

Leave a reply