Market Experts Talk About Bitcoin: A Rally May Come at the End of September, Target 86 Thousand!

Experienced names in the cryptocurrency market drew attention with their predictions specific to Bitcoin (BTC).

While the Bitcoin price was trying to hold on above $60 thousand after a turbulent process, analysts made price predictions. Experienced analyst Rekt Capital stated that if history repeats itself, Bitcoin tends to enter the Parabolic Phase of the cycle approximately 160 days after the halving.

He stated that when looking at the current situation, it has only been 125 days since the halving and the return phase can be seen at the end of September:

Bitcoin tends to enter the Parabolic Phase of the cycle approximately 160 days after the halving.

If history repeats itself, there may be a little more than a month left for Bitcoin to rise. This could happen at the end of September.

Analyst Washigorira, who brought a different perspective to the subject, pointed to Bitcoin's weekly chart. The analyst, who said that there was an obvious megaphone formation when looked at on a weekly basis, stated that the price could reach $86,000 by the end of the year:

Bitcoin Medium Term Target: $86,000. Would you bet on this megaphone pattern to occur?

According to CoinGecko data, Bitcoin, which has increased by 3% in the last 24 hours, is trading at $60,100 at the time of writing.

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