Btc Price Continues To Rise Under The Influence Of Warnings.

Bitcoin, while maintaining a short-term bullish trend, experienced investors are already preparing for a bear market.

This week, Bitcoin is moving towards $55,000, but warnings of a bear market are rapidly emerging.

Popular trader Titan of Crypto confirmed in his latest analysis on February 14th on the X (formerly known as Twitter) platform that the next BTC price target is $55,400.

The Ichimoku Cloud is signaling a bullish trend.

While Bitcoin bulls are on the path to the all-time high, they are currently battling resistance around $52,000.

Assessing overall market sentiment, Titan of Crypto predicted that the "upward momentum" could push BTC/USD up by 6% next week.

Titan shared a weekly chart including Ichimoku Cloud data, noting that there is one more target among the three:

Targets 1 and 2 have been reached, but $50,900 is a strong level. If Bitcoin manages to close its weekly candle above this level, the possibility of a move towards Target 3 at $55,400 is high.

"Considering the recent upward momentum, there is a high probability of hitting Target 3 even before the end of the weekend."

The Ichimoku indicator is currently displaying a rare bullish pattern on weekly timeframes, and the BTC price is making progress towards overcoming major resistance levels.

However, it's important not to be greedy.

Moreover, concerns about overheating in the market are leading to downward predictions for the BTC price.

Trader and analyst Credible Crypto warned that even if the all-time high is surpassed and BTC/USD exceeds $100,000, there is an increased likelihood of a sudden correction.

Credible noted that this reflects the natural dynamics of the market and despite the intense interest in spot Bitcoin exchange-traded funds (ETFs), everything won't always move "only upwards":

"In the end, every major rise is followed by a major fall, and vice versa." Credible Crypto referred to a post by trader and YouTuber TXMC Trades, advising readers not to believe that ETF entries will push Bitcoin upwards indefinitely.

While I do think that we are on an aggressive path to new all time highs at the moment, the tweet below is important to cement into your mind- as there will be a point in the relatively near future when a major crash/correction will be deemed "impossible" because we "are in a new… https://t.co/mYghO2GE4s

— CrediBULL Crypto (@CredibleCrypto) February 14, 2024

Other commentators are also showing caution regarding the BTC price. Michaël van de Poppe, the founder and CEO of MN Trading, mentioned that the market is currently "overheated."

Poppe stated, "If there is a slight correction to return to reality, I wouldn't be unhappy about it," concluding his remarks.

The inflow in the ETF is great for #Bitcoin.

However, it's not the sole argument for the markets to move.

If I look at this clean chart, it suggests that we're:
- Super bullish.
- Slightly overheated.

I wouldn't be unhappy if we got a slight correction to return to reality. pic.twitter.com/ZNnoNQGeeK

— Michaël van de Poppe (@CryptoMichNL) February 15, 2024

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