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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 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 In a new YouTube video, Carl points out that Bitcoin\u2019s 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 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>\n<\/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\u2019t 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 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 \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>\n<\/blockquote>\n Featured image from Analytics Insight, chart from Tradingview.com<\/p>\n<\/p><\/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 […]<\/p>\n","protected":false},"author":2,"featured_media":179446,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-179445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=179445"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179445\/revisions"}],"predecessor-version":[{"id":179448,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179445\/revisions\/179448"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/179446"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=179445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=179445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=179445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Analyst Carl From The Moon Predicts Bitcoin Price Rally<\/h2>\n
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BTC finds support at $30,500 | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n