🔥🔥🔥 Bitcoin ‘Magic Bands’ predicts BTC’s next immediate record high: 🚀🚀
📌 As Bitcoin (BTC) looks to reclaim the $70,000 resistance level, a crypto analyst has pointed out that chart patterns indicate a potential all-time high in the near future.
In an X post on July 20, CryptoCon offered a Bitcoin price forecast leveraging the so-called “Magic Bands.” These bands delineate several key levels Bitcoin has historically respected throughout its various market cycles.
The Magic Bands chart is divided into several key levels: Cycle 4 bottom band (level 0.25), level 0.75, level 1, level 1.5, level 2, level 2.5, level 3, and the cycle top band. Each of these levels represents a critical price zone that Bitcoin tends to interact with during its market cycles. The primary support levels have been pivotal in previous cycles, providing strong indications of Bitcoin’s price trajectory.
📢 According to the latest analysis, Bitcoin has experienced a significant bounce from Level 2 of the Magic Bands, mirroring the behavior seen in previous primary band retests. In this light, CryptoCon highlighted the importance of this bounce, noting that it could lead to another all-time high above $90,000.
“A perfect bounce from Level 2 of the #Bitcoin Magic Bands, just like all the primary band retests that have come before it. Only one thing awaits… the move to Level 3 at $92,908. The Magic Bands continue their streak of fantastic accuracy,” CryptoCon stated.
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