Bitcoin will hit $200K before $70K ‘bear market’ next cycle — Forecast

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Bitcoin's next halving cycle could come with a $200,000 all-time high, says TATrader_Alan.

) has “well-formed” evidence, which suggests that its next all-time high will top out at $200,000, one analyst says.on Jan. 27, popular Twitter commentator Trader Tardigrade, also known as Alan, also revealed $70,000 as the next potential bear market bottom.For many, BTC price action is still bound by Bitcoin’s four-year halving cycles. The resulting price pattern offers one “all time high year” in every four, with 2025 next in line.

That price tag came about from an analysis of Bitcoin’s stochastic oscillator, which syncs with cycle highs and lows in BTC/USD. Currently, the indicator is printing its latest trough, and if history is a guide, price behavior will do likewise. “Bitcoin well-formed structure with stochastic behavior indicates that the next ATH will be at 200K and next floor will be at 70K,” Alan summarized alongside an illustrative chart.Responses to the post revealed a familiar divergence in opinions when it comes to Bitcoin’s future potential in U.S. dollar terms.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

TATrader_Alan To me 250/300k, less supply and more investors

TATrader_Alan BTC Network Donations 1KGxWUnYXsvfjMoZSc7nABywpQkYZyhuez Never give up guys! You never know what happens.

TATrader_Alan

TATrader_Alan Nice

TATrader_Alan 👍

Thanks for having me ❤️

TATrader_Alan I believe in it.

TATrader_Alan Stochastic indicator offers Bitcoin bulls historical firepower 📈 For many, $BTC price action is still bound by Bitcoin’s four-year halving cycles. The resulting price pattern offers one “all time high year” in every four, with 2025 next in line.

TATrader_Alan 100x. LONG🔥🎉🎉🎉⭐100X Longggg⭐🚀🚀🚀⭐⭐⭐100x. LONG🔥🎉🎉🎉⭐100X Longggg🚀🚀🚀⭐⭐⭐100x. LONG🔥🎉🎉🎉⭐100X Longggg🚀🚀🚀⭐⭐⭐100x. LONG🔥🎉🎉🎉⭐100X Longggg

TATrader_Alan Bitcoin B Fibonacci Retracement ($22.5k) has proven to be a solid support, since then we're in an uptrend that is blocked at $23.6k resistance. Once we break the golden level $25.9k this will be a huge bullish signal _lyn90 Made us proud her TA have been very helpful

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla stock could pop up to $200 on Q4 earnings report, says WedbushTesla earnings lay the groundwork for another 38% rise in the stock after the EV maker delivers upbeat guidance, Wedbush says I’ll believe when I see it Unfortunately having the Twitter CEO as their part-time Tesla CEO cripples the share price.
Source: BusinessInsider - 🏆 729. / 51 Read more »