The Dutch encryption analyst Gert Van Lagan has shared bold bold prediction of Bitcoin for the current bull cycle. This development comes amid constant unification in the BTC market that is not characterized by any major work last day.
Complete bullish patterns – launch time?
in Modern job In X, Van Lagen assumes that Bitcoin may be ready for the huge rise in prices. This analysis depends on two planned patterns, which are the oud Megaphone style and the composition similar to an equivalent step.
The upscale loudspeakers are also formed as the expansion wedge when it creates the price movement of its highest levels and low reduction over a long period as loudspeakers.
This graph pattern usually indicates high fluctuations and is followed by a final outbreak to the upward trend after prolonged accumulation. According to Van Lagin, Bitcoin has now separated from this chart style and has spent the past three months in re -testing its upper borders as a support zone, which confirms its validity and indicates a gathering of import prices.
There is a similar positive signal in seeing a equivalent step – -up formation, which indicates the structure of the historic Bitcoin market where prices move in stages, and it forms a base (support) at each stage.
Basic models 1 after increasing the price after the accumulation of the bear market. The foundation 2 is formed at a high level after the outbreak of Rule 1, followed by Rule 3, which represents another key accumulation area with a higher price scope. Rule 4 represents the final stage before Bitcoin enters the stage of discovering the new equivalent prices.
Gert Van Lagin states that the first cryptocurrency has long exceeded the 4 -time base with the completion of the bullish Megaphone style. The analyst imposes BTC with a momentum to an enormous increase to $ 270,000 – $ 300,000, which may represent the peak of the current bull cycle price.
BTC Price Outlook
At the time of the press, the bitcoin value is 97,501 dollars after a decrease of 0.38 % in the past 24 hours. The cryptocurrency increases by 1.14 % on its weekly scheme; However, it maintains a monthly loss of 2.42 %. according to Data from CoincodexThe Fear & Greed Index is currently at 50, indicating the morale of the neutral market and uncertainty among investors.
For short -term goals, analysts at Coincodex expect Bitcoin $ 107,605 in the next five days and $ 130,902 in one month. On the other hand, the goals of the long -term price include $ 158,696 in three months and 174,820 dollars in six months.
Distinctive image from Istock, tradingvief chart
