🔥🔥🔥Analyst sets Bitcoin’s timeline to surpass $80,000; ‘It will go fast’ 🚀🚀🚀
📌 Recent technical indicators suggest that if Bitcoin (BTC) maintains its current rally, the maiden crypto will be in line to clinch a record high above $80,000.
Notably, insights shared in an X post on July 26 by Stockmoney Lizards detailed a roadmap for Bitcoin’s price movement, predicting a rapid ascent once specific market conditions are met.
According to the analyst, Bitcoin has successfully retested the neckline at $63,500 as of late July, affirming a bullish short-term direction. The analyst pointed out that this successful retest confirms a solid support level, setting the stage for upward momentum.
The expert emphasized that breaking the $72,000 resistance will be pivotal. This level is a crucial threshold beyond which Bitcoin’s price action is expected to accelerate significantly.
Stockmoney Lizards outlined a two-step scenario once Bitcoin approaches and surpasses the $72,000 mark. Initially, a fakeout is anticipated. This phase will likely see a sudden drop, liquidating a significant number of short and late-long positions. This shakeout is expected to cleanse the market of weaker hands, setting the stage for a more robust price movement.
Following the fakeout, a quick and high-volume leg-up is projected. This surge will propel Bitcoin past the $80,000 mark, driven by renewed investor confidence and market momentum.
The timeline for this price action is set for late August to early September. Stockmoney Lizards suggested that this period will mark the end of the summer lull, initiating a powerful rally in Bitcoin’s price.
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