Bitcoin: Cardone Predicts $40K Price Before November
Bitcoin at $63298.72 draws Gary Cardone $40K BTC price prediction before November as 4h chart shows EMA50 support at $62423.65 amid MACD death cross.
SourceAnalysis
Bitcoin faces fresh downside forecasts after Gary Cardone stated he expects to see $40k BTC this year and before November, citing preference for price capitulation over time capitulation.
The comment arrives as BTC trades at $63298.72 inside its Bollinger Bands with upper resistance at $64315.55 and lower support at $61692.88. Price sits above the EMA50 at $62423.65 yet below the EMA200 at $64019.32 while RSI at 55.52 remains neutral and MACD prints a bearish death cross at 49.27.
With price testing upper Bollinger resistance at $64315.55 while RSI flashes neutral readings, a healthy retracement to the 50-EMA support at $62423.65 seems probable before further continuation, giving Cardone's $40k target room to develop over the next four months.
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