BITCOIN PREDICTION: Standard Chartered Says $50k By End Of THIS YEAR

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In this video, I discuss recent Bitcoin price predictions and their implications for the market. Standard Chartered recently raised its 2024 Bitcoin forecast to $120,000, while a prediction from four days ago suggests prices could reach $125,000 by the end of 2024. I analyze these predictions in the context of my macro technical analysis and examine the short-term consolidation Bitcoin is currently experiencing. I highlight the importance of the 20-week and 20-day moving averages and discuss the potential for Bitcoin to make a move towards $50,000 by the end of this year. I also introduce a new CCV oscillator indicator and explain its significance in determining Bitcoin's direction. Overall, I provide insights into the ongoing price dynamics of Bitcoin and offer my perspective on the potential future movements of the market.

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https://www.coindesk.com/markets/2023/07/06/bitcoin-could-rally-to-125k-by-2024-end-matrixport/

https://finance.yahoo.com/news/standard-chartered-bumps-bitcoin-forecast-093414006.html

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