Bitcoin Bull Run Set to Begin at $69,500, Analyst Predicts

Bitcoin (BTC) could trigger a FOMO-driven bull run if it hits the critical $69,500 mark, according to analyst Axel Adler. This level may spark panic among sellers who missed out on gains, similar to past cycles.

Adler, in a post on X (formerly Twitter), noted that $69,500 could act as a key battleground for buyers and sellers, much like the $63,000-$64,000 zone in previous cycles.

On September 13, Bitcoin's RSI climbed above 70, signaling possible overbought conditions, which could lead to increased volatility. Analysts also point to the Coinbase Premium Index, forming a rare triangular pattern, suggesting a major price move is on the horizon.

Bitcoin is currently trading at $59,764, just below the $60,000 level.

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