😱🚀🚀Shocking prediction from the famous analyst: Bitcoin can reach this price!
According to crypto analysts, #Bitcoin offers a great potential by repeating the post-halving process of 2016.
“Bitcoin has repeated the 2016 date perfectly and tested the lower level of the accumulating December in the process after Halving,” cryptocurrency analyst Rekt Capital said in a post on X on May 11. Rekt notes that the cumulative zone at this point in the cycle is any price below $61,081.
In addition, Rekt stated that Bitcoin is in the “October last retreat before halving” stage. This stage, just six months after it was experienced in 2016, brought with it a 48 percent increase.
Crypto analysts are hopeful for Bitcoin!
According to the founder and investment manager of Cane Island, the decline from Bitcoin's ATH to its lowest point in a certain period of time reveals a very ambitious price target. Alternative Consultants Timothy Peterson estimates that the current price of Bitcoin could increase almost sixfold by the beginning of 2025.
In a post published on X on May 11, Peterson said: “Based on previous Decrements, we can predict that the peak value of this cycle will be between $175,000 –$350,000 in the next 9 months."Peterson added, ”Based on history, we can say that this bull market will end in January 2025."
Meanwhile, the 100-day moving average indicator indicates that the Bitcoin price may be hovering around the local Dec. January May 11, in a post, they highlighted the key region with the similar formation seen after the approval of #BTC ETFs in January. BTC, just a month later, its price increased by 32 percent to $ 51,730 on February 25.
