Crypto Analyst Predicts ‘Major Impulse’ Move For Bitcoin, Here’s The Target
2024年6月4日 - 12:00AM
NEWSBTC
Crypto analyst Tara has highlighted a bullish pattern that recently
formed on the Bitcoin chart. She also revealed how high the
flagship crypto could rise on its next leg up. Furthermore, her
analysis suggested that Bitcoin may be about to enter the parabolic
phase of this market cycle. “Major Impulse” Move On The
Horizon For Bitcoin Tara mentioned in an X (formerly Twitter) post
that she believes that Bitcoin is about to make a major impulse
move that will send its price to $75,800, representing a new
all-time (ATH) for the crypto token. She made this remark while
revealing that the “full ABCDE on price and RSI has been
completed.” Related Reading: Chainlink Is Not Done: Analyst
Predicts 300% Rise Against Bitcoin According to her, Bitcoin just
broke out of the resistance on the Relative Strength Index (RSI)
and has completed the retest of the breakout level at $67,800. This
development is significant as it suggests that Bitcoin may soon
enter the parabolic phase of this cycle. Crypto analyst Rekt
Capital recently claimed that Bitcoin is one breakout away from
entering this phase while highlighting the $70,000 range as the
level to beat. Crypto analyst Michael van de Poppe also highlighted
$70,000 as the price level BTC needs to break through to reach a
new ATH. Meanwhile, if Bitcoin reaches $75,800 as Tara predicts,
that would mean that the flagship crypto has entered the “escape
velocity phase,” which could set it up for further moves to the
upside. Crypto analyst James Check (also known as Checkmatey)
claimed that Bitcoin could attain this escape velocity phase shift
at $73,000. Furthermore, BTC hitting this new ATH is also
significant as it could cause the flagship crypto to rise as high
as $100,000 during this upward trend. Crypto analyst Crypto
Jebb mentioned that there is a “great degree of likelihood” that
Bitcoin will rally to the $100,000 price mark should it break its
current ATH of $73,800. Interestingly, he made this remark while
highlighting an inverse heads and shoulders pattern that could send
Bitcoin’s price to $75,000. btc Is Headed To $85,000 On The
Next Leg Up Crypto analyst Mikybull Crypto has also offered a
bullish narrative for Bitcoin, stating that a megaphone pattern has
formed on BTC’s chart and has a price target of $85,000. He also
added that this breakout will happen soon. Before now, the analyst
highlighted a broadened wedge that had formed on BTC’s daily chart
and remarked that the “breakout is closer than you think.” Related
Reading: Dogecoin Whales Buy $112 Million Worth Of DOGE As Crypto
Investors Turn Their Attention To Meme Coins Meanwhile, crypto
analyst Ali Martinez also outlined how BTC could rise to $79,600
soon. He stated that Bitcoin is currently hovering around the +0.5σ
pricing band at $66,800 and that the flagship crypto will likely
test the 1.0σ pricing band at $79,600 if it can hold above this
level.
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