The Bitcoin Rainbow Model unveils $186,000 BTC cycle top by 2025 end.
Crypto analysts consider the many possibilities for bull run triggers.
Many factors in the coming weeks could act as a trigger for a BTC bullish price spike.
Bitcoin reclaiming the $60,000 price target has fueled bullish sentiment in the crypto market once again. Traders are watching the price charts closely to see what's coming next and seasoned traders share their expectations for the crypto market based on historical data and current market trends.
Factors That Could Trigger a Parabolic Pump for Bitcoin?
While some analysts are certain a major fall will unfold for the crypto market instead of a major rise, many others are certain of a massive pump in the coming months. To highlight, Q4 of Bitcoin Halving years have always been highly bullish leading to parabolic pumps and green months, this expectation is taking over once again with BTC’s latest pump.
https://twitter.com/TheCryptoLark/status/1834645753383252096
According to the post above, the popular crypto analyst, Lark Davis, expects Bitcoin to rally due to many upcoming moves in the financial and crypto spaces. As we can see from the post above, Davis highlights incoming rate cuts, FTX’s $16 billion cash repayment, the US elections, and the expectation for a surge in global liquidity.
Bitcoin Rainbow Model Suggests $186,000 Cycle Top for BTC
Davis concludes, that the next few weeks could be the last chance for traders to grab BTC at low prices. Adding to the bullish narrative is another crypto analyst who shares a bullish prediction brought upon by the Bitcoin Rainbow Model.
https://twitter.com/CryptoCon_/status/1834653223875231807
According to this, the price of Bitcoin (BTC) could go up to as high as $186,000 as the cycle top in the later half of 2025. While the analyst does remark that this model tends to be too optimistic, he states that there is still deep merit in this model and its prediction.
The post Bitcoin Rainbow Model Unveils $186,000 BTC Cycle Top By 2025 End, Analysts Discuss Bullish Triggers appeared first on Crypto News Land.
