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Home»Bitcoin»Bitcoin: Crypto analyst predicts “major Impulse” move, here’s the target

Bitcoin: Crypto analyst predicts “major Impulse” move, here’s the target

Bitcoin By Gavin03/06/2024
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1710848790 Japan039s 15 Trillion Pension Fund Explores Diversifying Into Bitcoin
1710848790 Japan039s 15 Trillion Pension Fund Explores Diversifying Into Bitcoin
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Crypto analyst Tara She has also highlighted the bullish patterns that have recently appeared on Bitcoin’s chart. She has also shown how high Bitcoin’s flagship crypto can rise in its next rally. She also revealed that her analysis indicated that Bitcoin The parabolic phase may soon be upon us this market cycle. 

“Major Impulse” Bitcoin is Getting a New Horizon

Tara is mentioned on X (previously Twitter) post She believes Bitcoin will make a big move in the near future, sending its price up to $75,800. new all-time (ATH) The crypto-token is a good investment. She said this while revealing the cryptocurrency token. “full ABCDE on price and RSI has been completed.” 

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Source: X

Bitcoin, according to her, just recently broke through the resistance. Relative Strength Index (RSI) The retest has been completed. breakout level at $67,800. It is important that Bitcoin will soon become a mainstream currency. parabolic phase This cycle. Rekt Capital is a cryptocurrency analyst recently claimed Bitcoin has one more breakout before it enters this phase. The $70,000 level is the next target.

Crypto analyst Michael van de Poppe BTC also needs to surpass $70,000 to hit a new ATH. Tara’s prediction that Bitcoin will reach $75,800 would indicate that it has reached the top 100. “escape velocity phase,” It could also set the stage for further upward movement. 

Crypto analyst James Check Checkmatey is also known by this name. claimed Bitcoin’s escape velocity could be reached at $73,000. BTC’s new ATH could also be significant, as this may cause BTC to reach as high as $100 during the current upward trend. 

Crypto analyst Crypto Jebb mentioned It is important to note that the word “there” means “there”. “great degree of likelihood” Bitcoin’s price will reach $100,000 if it breaks its current ATH (73,800). He made the comment while simultaneously highlighting an inverse heads and shoulders pattern Bitcoin price could rise to $75,000 

Btc is headed to $85,000 on the next leg up

Crypto analyst Mikybull Crypto Has also provided a bullish narrative about Bitcoin. stating The chart of BTC shows a megaphone-like pattern with a target price of $85,000. The analyst also said that the breakout would happen shortly. Analyst Highlight a broadened wedge BTC’s daily chart, and noted that the “breakout is closer than you think.”

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Meanwhile, crypto analyst Ali Martinez Also, BTC’s price could soon rise to $79,000. 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. 

Bitcoin price chart from Tradingview.com
BTC prices begin another recovery trend| Source: BTCUSD on Tradingview.com

 

“This article is not financial advice.”

“Always do your own research before making any type of investment.”

“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”

Source: www.newsbtc.com

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