Dutch crypto analyst Gert Van the law has shared a boldly causal prediction of bitcoin for the current bull bike. This development comes in the midst of a continuous consolidation in BTC Market Marked with no significant price measures on the past day.
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On one Last post At X, Van Postulates the law that Bitcoin can be ready for price -massive price. This analysis is based on two diagram patterns, namely the hausse -like megaphone pattern and parabolic step -like formation.
The hausse -like megaphone, also known as the broadening wedge is formed when price measures create higher heights and lower lowness for a long time that is widened as a megaphone.
This diagram pattern usually signals high volatility and is followed by a final outbreak to the upside after long -term accumulation. According to Van the law, Bitcoin has now broken out of this diagram pattern and has spent the last three months holding its upper limit as a support zone, which confirms its validity and indicates an incoming price collection.
A similar positive signal is seen in the parabolic step -like formation that refers to Bitcoin’s historical bull market structure where the price moves in steps and forms a base (support) at each step.
Base 1 is formed after an increase in price after an accumulation of the bear market. Base 2 is formed at a high level after a Breakout from Bas 1, followed by BAS 3 which represents another key accumulation zone in higher price ranges. Bas 4 represents the last step before Bitcoin enters a Parabolic New Price Phase phase.
Gert van The Law says that the foremost Cryptocurrency has long moved beyond BAS 4 which coincides with the completion of the haus -like megaphone pattern. Analyst Postulates BTC collects speed for a massive increase to $ 270,000 – $ 300,000 that can represent the price for the current bull cycle.
BTC price views
At press time, bitcoin is valued at $ 97 501 after a decline of 0.38% over the past 24 hours. Cryptocurrency has increased by 1.14% on its weekly chart; However, it retains a monthly loss of 2.42%. According to Data from CoinCexThe Fear & Greed Index is currently 50 which indicates a neutral marketing term and uncertainty among investors.
For short-term goals, the analysts at Coincex predict a Bitcoin price of $ 107,605 in the next five days and $ 130 902 in one month. On the other hand, their long -term price target includes $ 158,696 in three months and $ 174,820 in six months.
