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26 January 2022
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Price Analysis

Is a rally in the cryptocurrency market imminent?

According to Crypto Thies, a well-known crypto analyst on Twitter, the cryptocurrency market is about to go into a rally.
The cryptocurrency market seems to be stabilizing more and more lately. The price of bitcoin (BTC) has remained around $ 4,000 in recent weeks. Even today, the numbers turn green again.
Crypto Thies has placed a graph on Twitter with the message “goosebumps” below. The graph shows the price of the entire cryptomarket since 2013.

Goosebumps. pic.twitter.com/GummIRwQKg
– Crypto Thies (@KingThies) March 26, 2019

Using the “Market God (v6) indicator,” a trend indicator developed by Thies himself, the graph shows that the market will soon experience a rally.
The indicator has a degree of credibility since it predicted the sell-off period in early 2018.
A day later, Thies follows up on his Twitter message with a new message. This time he applied the trend indicator to the bitcoin (BTC) rate.

Still testing and adjusting the script. Spent more time on it today than I should have. All components and any possibility of ghost alerts, repainting, and bugs are majority removed.
Seeing more and more accuracy too.
Goosebumps still in effect. pic.twitter.com/jxGDf3PNai
– Crypto Thies (@KingThies) March 27, 2019

This graph also shows that a rally is imminent. Thies indicates that he is still updating the script, and that he still has goosebumps.
Another expert, George McDonaugh, tells Bloomberg that the price of bitcoin is likely to drop to $ 3,100 first. He made this prediction with the help of the GTI Global Strength Indicator.
Recently Mike Novogratz of Galaxy Digital said he thinks the market is finding a mess and that the next step for the market is up.
David, Crypto Insider’s own analyst, recently described in his weekly column that the bulls are now determining the course of bitcoin.

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