Even though the price crash after rising to $69,000The Bitcoin price is still in play, as bulls continue to maintain the $67,000 level of support. Bullish sentiment also continues to prevailThe market is still fairly greedy, amid the expectation that Bitcoin’s pioneer will see a price increase.
Bitcoin Still Can Make a 35% Increase
CryptoCon revealed Bitcoin is still a long way from the end of cycle. Crypto analyst CryptoCon revealed in an analysis published on X.com (formerly Twitter) that Bitcoin still has a ways to go before the cycle top is set. the digital asset It isn’t yet time to top it off.
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Analysts point to past bull cycles in which the Magic Bands were completed fully before the peak was reached. There are 4 levels to complete the entire band. The current cycle, however, is only at the 2.5 level. This means that there’s still some way to go.
You can also find out more about the following: next The next major level is Level 3 Magic Band. This usually brings a price surge. After completing the Level 2 which saw the price reaching a new high of $72,300 the cryptocurrency now tests the resistance at Level 2.5 where a breakout is required.
You can also contact us by clicking here. the Bitcoin price If the analyst is successful in breaking this resistance, he sees an increase of 35% to $91,500 by 2024. “Taking some time to reach it at Level 3 of the Magic bands, but it’s the next step,” The crypto analyst said.
Target of $91,539 remains unchanged. #Bitcoin.
It may take some time for you to get it on Level 3 but the reward is worth it. next step.
All in due time… pic.twitter.com/Pwimj05ZQb
— CryptoCon (@CryptoCon_) June 12, 2024
What is the BTC price peak?
CryptoCon’s Magic Bands Analysis suggests that Bitcoin’s cycle top may still be a long way off. Even after reaching the Level 3 magic bands, the analyst shows that there are still Level 4 to go. This is the level which usually marks the end of the cycle.
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After hitting the Level 3 Magic Band top at $91,500, there may be a consolidation period before the Level 4 Magic Band has been completed. The crypto analyst is expecting this to happen. the BTC price The cycle peak is reached when the actual amount of money reaches over $123,000.
CryptoCon analyst says that Bitcoin can still move another 100% from current price to the end of bull market. Analysts predict that the cycle peak will occur sometime in 2026.
Currently, there is no way to get around the BTC price is still being held up The bulls continue to be under attack from the sellers. Even though it has fallen 4.3% over the last seven days, the price is still $67,900 as of the moment.
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Source: www.newsbtc.com