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The long -term bullish trend of Bitcoin remains strong, but the analyst warns that the four -year cycle may limit the other leg.
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Analysts believe that Bitcoin may move higher than its current levels ever, with goals ranging from $ 130,000 -168,000 dollars.
Bitcoin (BTCThe encryption analyst warns that this course may not have time to install another reward march, based on the course of the course for a period of four years.
“Despite the short -term volatility, the long -term look is still very strong and organized in the upward trend, a style of the top channel that now aims to the highest higher level,” He said The famous Tradingshot in a Tuesday’s post on TradingView, based on its analysis of the technical indicators of Bitcoin.
Will you see Bitcoin another equivalent gathering?
Tradingshot explained that there is another major rally that can be limited to Bitcoin’s position in a long -term bullish trend that has not yet produced the type of gatherings seen in previous sessions.
Since it extended in November 2022, he indicated that Bitcoin has been circulated within an upward channel that is closely corresponding to the Fibonacci channel that has followed BTC price movements since 2013.
Related to: Bitcoin gets “very favorable” signals where DXY determines the 21 -year weakness
The analyst wrote: “As you can see during the previous two sessions, every time BTC overcomes this purchase area, it has begun in an equivalent gathering.”
For example, in 2017 and 2021 sessions, these deviations sparked rapid movements, in the upper Fibonacci ranges, to make great gains.
Tradingshot says this course did not produce a similar outbreak, noting:
“Until now, we did not have such a gathering during the current session, and with the passage of time it is running out (assuming that the course model for 4 years continues to keep it), do you think we will get one this time?”
Rekt Capital also Indicate Bitcoin may only have a few months of expansion of prices in the course, especially if it follows the same historical style of 2020.
Rekt explained that the price will reach its peak in October, that is, 550 days after the half of Bitcoin in April 2024. He added:
“This is already from two months to three months we have left this bull market.”
As CoINTELEGRAPH I mentionedThe monthly flow/monthly flow rate of Bitcoin indicates that the psychological level of $ 100,000 can be the new lower range before BTC is subject to another reward in the second half of 2025.
Bitcoin is trading at $ 109,760, which is only 2 % less than $ 111,970 at all at the time of writing this report, according to data from Cointelegraph Markets Pro and Tradingvief.
Bitcoin merchants agree
Bitcoin continues to test the resistance at $ 110,000, but it has Fracture To date, doubts about its ability to continue the upward trend. Nevertheless, many traders believe that BTC still has room for more expansion in 2025.
“Bitcoin has turned the top of the previous bull science into support!” Tradingshot He said In another BTC price analysis.
The analyst explained that “a strong upward signal besides the price that exceeds the simple moving average for 50 days (SMA), currently at 106,750 dollars, adding: adding:
“Technically, the secession of this bull brand is aimed at extension 2.0 Fibonacci, which is currently $ 168,500.”
“Bitcoin broke the science ascending, re -tested, and is now pushing up”, a fellow analyst Jelle Note A similar technical outbreak, adding:
“It is clear $ 110,000 and $ 130,000 is the next goal.”
Bitcoin price “is still much higher than 50 weeks, and it maintains a higher strength than the highest level ever”, ” He said Mag a popular encryption analyst, adding:
“We seem to merge only before the next stage.”
Besides merchants, Multiple standards and indicators Show that bitcoin does not display patterns associated with previous summits.
These include Bolinger domainsand BTC’s height height In the hands of a long -term holder, BTC display On stock exchanges, MVRV ratio, and continuous institutional demand from Bitcoin etfs spot And corporate treasury.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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