Adrian Zduńczyk – a crypto technical analyst with over 500,000 followers on Twitter under the username crypto_birb. The crypto trader explains the signals that could predict the future of crypto price auctions. Apart from techniques of investing, Zduńczyk has another factor that he believes that it impacts analysis which is trading psychology.
In an interview, Zduńczyk predicts that Bitcoin could surge above the $120,000 price by the end of this bullish run. However, before the cryptocurrency can top the mark, he said Bitcoin should jump across the $70,000 mark.
“Mainly because it works as a self-fulfilling prophecy for the roundup numbers,” Zduńczyk said. “So the rounded numbers in the technical analysis are very special. They often act as support and resistance because people pay a lot of attention to them.”
During the last weeks, Bitcoin has been leading a bullish run after topping an all-time high price of $67,000 on Oct.20. The price surge represents a strong run that is breaking new resistance lines, he added. According to Zduńczyk, Bitcoin is stable in the $57,000 to $60,000 range.