Analysts have a Bitcoin target: Historic rise is on the way!

According to market analysts, this may be the last buying opportunity for Bitcoin before the next rise.

Bitcoin is preparing for a three-month rise after a few months of decline. Some analysts predict that BTC will rise above $92,000. Looking at past cycles, #BTC has started the countdown for an upward move.

According to popular crypto analyst Titan, BTC retested a significant support level on the weekly chart. After this test, he thinks that Bitcoin will rise above $90,000. The analyst wrote the following in his X article dated September 13:

“In previous cycles, when the price tested the 50-week simple moving average, the price jumped at least 40 percent. On average, the rise rate was 71 percent. If BTC rises 71 percent from here, it could reach $92,000.”

$BTC rose above $60,000 for the first time since August 30 on September 14. According to Bitstamp data, the crypto leader’s price has been in a downtrend for more than three months, losing more than 9 percent in the process. According to CoinGlass data, September has historically been a poor month for #Bitcoin .

However, the price has historically seen three consecutive months of gains following the downtrend in September. Bitcoin has returned an average of 22.9 percent in October, 46.8 percent in November (the second-best month for Bitcoin historically), and 5.4 percent in December.
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