Analysis: Bullish Trend for Internet Computer (ICP) Amid Recent BTC Surge
Key Points
- BTC surpasses the 50k threshold, bolstering the crypto market’s overall momentum.
- ICP validated its weekly bull-flag, making a higher low above this summer’s high, thus signifying a long-term trend shift.
- ICP might rebound massively and return to its all-time high (ATH) values, potentially hitting around $2500.
- Social media and influences, combined with relentless shorting, could push ICP into a short-squeeze scenario, allowing substantial gains in a short period.
- Such a trade, though promising high rewards, carries substantial risk due to its low chances of success.
Closing Thoughts
This recent bullish momentum seen in ICP, especially within the overall crypto market buoyancy driven by BTC’s uptick, reveals intriguing dynamics. With possible influences from social media and a potential short-squeeze scenario, one could observe massive gains, taking the crypto coin back to its ATH. However, remember that while the high possible returns can be an attractive proposition, this trade involves substantial risk given the low success probability. In such scenarios, conducting one’s own meticulous research or seeking professional financial advice becomes crucial.
Disclaimer. The opinions expressed by our writers are their own and do not represent the views of JustInvestNews . The financial and market information provided on JustInvestNews is intended for informational purposes only. JustInvestNews is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Original article: https://www.tradingview.com/chart/ICPUSDT/ASzTBX59-ICP-Next-Bull-Run-s-BEST-Comeback-Trade-Short-Squeeze/
