Given the renewed bullish performance of the entire cryptocurrency market following recent declines, Fed rate cutBitcoin is seeing a wave of bullish predictions from cryptocurrency experts, with some predicting that Bitcoin’s final rally for this cycle has officially begun.
Bitcoin May Be Poised For Another Big Rally
Cryptocurrency expert and trader Stockmoney Lizards stated in a bold statement: Advertise That last pump cycle for Bitcoin It has begun, signaling the beginning of a new and explosive phase for the largest digital asset. With the market continuing to recover, the announcement has sparked excitement and hope among investors and traders, prompting anticipation of significant gains in the coming months.
This perspective from Stockmoney Lizards confirms that Bitcoin is about to go to Grand Finale In the current market cycle. The expert bases his forecasts on trends of the past cycle that could lead to an unprecedented rise in prices.
While the crypto expert believes the final pump of this Bitcoin cycle has begun, he expects prices to peak around September. October Meanwhile, he has set his next target and cycle top for the crypto asset between the $200,000 and $260,000 levels.
In a repeat of previous cycles, especially the last three, Stockmoney Lizards noted that BTC in each cycle has peaked about 48 months after Bitcoin halving eventHe added that “the trend lines (red for a downtrend and green for an uptrend) indicate potential levels for land prices.”
Therefore, given this pattern, the analyst is confident that the next cycle peak will occur between the $200,000 and $260,000 price levels, indicating his optimism about the long-term potential of the crypto asset.
Bitcoin’s next bullish phase is on the horizon
Stockmoney Lizards’ bullish forecasts are in line with cryptocurrency analyst PharaohX33, who also predicted an imminent massive rally for Bitcoinperhaps to a new all-time high using the price performance of the last cycle. After analyzing the last cycle, the analyst analyzed the last cycle, He pointed out Bitcoin appears to be preparing for its next bullish phase, suggesting a alignment between this current cycle and the 2020 cycle.
According to Pharaohs, Bitcoin started to rise in 2020 670 to 680 days after hitting the bottom of the bear market. Additionally, the cryptocurrency entered a consolidation phase and started to rise about 160 to 170 days after the halving event that year.
Meanwhile, in this turnBTC is about 668 days away from the last bear market low and has been consolidating for about 152 days since the last halving event, which occurred in April of this year.
Compared to the trend of the 2020 cycle, the expert’s forecast suggests that the next bullish phase for Bitcoin may begin in the coming days. This expected price surge is likely to lead to a significant rise to the cycle top.
Featured image from Unsplash, chart from Tradingview.com
Comments are closed, but trackbacks and pingbacks are open.