Is Bitcoin Heading for a Six-Figure Price in the Next Cycle, Eyeing $110,000? 😱
Bitcoin's on-chain indicator suggests a
#six-figure price of at least $110,000 in the next cycle, according to Look Into Bitcoin.
The Terminal Price, derived from the Transferred Price, anticipates long-term
#BTC peaks, with $110,000 seen as a conservative target after the April 2024 halving.
The Pi Cycle Top indicator, analyzing moving averages, further supports high estimates. Creator Philip Swift advises selling near Terminal Price, emphasizing its relevance in previous cycle tops, while the Pi Cycle's past accuracy raises questions about identifying the upcoming Bitcoin
#peak .
#Binance #crypto2023