menu
techminis

A naukri.com initiative

google-web-stories
source image

Newsbtc

3d

read

334

img
dot

Image Credit: Newsbtc

No Room For Doubt: Analyst’s $900K Bitcoin Forecast Follows Familiar Script

  • Bitcoin's price dropped to $105,235 today, declining 1.5% in the past 24 hours and 4.2% in the last week, with analysts predicting a potential major move.
  • Historical patterns point to a possible rebound, with analyst 'Mister Crypto' forecasting a potential breakout in 2025 that could push Bitcoin to $900,000, based on previous rounded-bottom formations and ascending triangles seen in past rallies.
  • Analysts suggest that Bitcoin is currently in a re-accumulation phase, similar to previous cycles, with a potential rise to the $270,000-$350,000 range before a parabolic spike.
  • On-chain data indicates that long-term holders are accumulating more Bitcoin, tightening supply and potentially leading to sharp moves once demand increases, despite recent market uncertainties.

Read Full Article

like

20 Likes

For uninterrupted reading, download the app