Cryptocurrencies, after peaking at $ 40,000, have dropped to the $ 34,000 zone. Since then, Bitcoin’s price has risen back to $ 36,500.
The analyst, Pierre, recently suggested that Bitcoin is likely to conduct an accumulation in the short term, which could lead to a new round of altcoin bull run. He shared a chart showing which direction BTC might move over the weekend.
The chart shows that BTC is currently grappling with major support and several major moving averages. This led him to predict that the cryptocurrencies would end up accumulating within the weekend