Price Analysis View Non-AMP

Bitcoin Price About to EXPLODE? Analyst Predicts EPIC 178% Surge!

Published by
Mustafa Mulla

After a few days of sluggish and sideways trading, Bitcoin took a sudden dip, briefly dipping below $66,600 for the week. But don’t hit the panic button just yet! The cryptocurrency quickly rebounded to hover around $68,700.

Traders and analysts turned their attention to Bitcoin’s promising signs, particularly highlighted by renowned analyst Mags, who hinted at a potential surge of a whopping 178%, possibly pushing its value to an impressive $188,000.

Is a Bitcoin Boom Coming?

Mags pointed out a crucial development: Bitcoin’s breakthrough above its previous monthly resistance in March, which has now become a strong support level.

Since then, Bitcoin has been moving sideways, holding its ground above its former all-time high. This lateral movement, often observed during bullish trends, usually precedes significant price shifts.

Referring to past events, Mags recalled a similar scenario from the previous year when Bitcoin remained relatively flat from March to September. Following this period of stagnation, it saw an impressive surge of 178%. This historical pattern suggests that the current sideways movement could be paving the way for another notable breakthrough.

Mapping Bitcoin’s Journey

If Bitcoin follows the same pattern and experiences a 178% surge from its current range, it could skyrocket to a remarkable $188,000. Such a remarkable rise would undoubtedly grab the attention of traders and investors worldwide.

As of the latest update, Bitcoin is trading at $67,669, showing a slight dip over the past 24 hours. Additionally, Bitcoin’s trading volume has decreased by 7%, settling at $24 billion, while its market cap remains solid at $1.33 trillion.

Also Check Out : Bitcoin Ordinals (BRC-20) Tokens Surge Despite Market Consolidation! What’s Next?

Love it or hate it, Bitcoin continues to be a game-changer in the investment world.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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