A crypto analyst, known for predicting Bitcoin's rise from $77,000 to $110,000, believes that the rally is far from over with potential to reach $117,000 to $120,000.
The analyst highlights the Golden Cross pattern on the Bitcoin chart, indicating a bullish signal with historical accuracy of 87.8% on higher time frames.
Past instances of the Golden Cross pattern preceded significant price rallies for Bitcoin, with gains ranging from 70% to 170% in 3-5 month windows.
Factors such as ETFs, liquidity clusters at $113,000, and institutional demand are expected to fuel Bitcoin's rise further according to the analyst.