Analyst Says Bitcoin Is Hitting Range Bottom, “Right Before The Fireworks”



Crypto
analyst
Quinten
François


has
provided
an
ultra-bullish
narrative
for
the


Bitcoin
future
trajectory
.
The
analyst
suggested
that
things
are
about
to
get
interesting
for
the
flagship
crypto,
predicting
it
could
rise
to
as
high
as
$4.5
million. 

The
“Fireworks”
Are
Just
About
To
Begin
For
Bitcoin


While
highlighting
the
significance
of


Bitcoin’s
fourth
halving
,
Quinten
claimed
that
the
“fireworks”
were
just
about
to
begin
for
Bitcoin.
The
crypto
analyst
remarked
that
BTC was
currently
at
the
bottom
of
the
range
of
a
growth
pattern,
which
it
could
enjoy
if
this
fourth
halving
were
to
follow
the
same
growth
rate
as
the

How To Get Free Crypto  


previous
market
cycles


Related
Reading

Source:
X


If
that
were
to
happen,
Quinten
claims
that
Bitcoin
could
be
worth
between
$140,000
and
$4.5
million
going
forward.
He
noted
that
this
potential
move
for
BTC
is
starting
at
the


range
bottom
at
$63,000
,
so
he
remarked
that
the
fireworks
are
just
about
to
start
for
the
flagship
crypto. 


From
the
chart
Quinten
shared,
Bitcoin’s
impressive
growth
to
$4.5
million
isn’t
expected
to
happen
in
this


bull
run
.
He
predicts
that
Bitcoin
could
peak
at
around
$1
million
if
it
were
to
mirror
Bitcoin’s
trajectory
after
the
first
halving.
Meanwhile,
Bitcoin
could
eventually
rise
to
$4.5
million
in
2028
if
it
continues
to
mirror
the
price
action
following
the
first
halving. 


Additionally,
BTC’S fourth
halving
mirroring
the
second
or
third
halving
will
bring
lower
price
moves
for
the
flagship
crypto.
Quinten
predicts
that
Bitcoin
will
rise
to
as
high
as
$400,000
or
$280,000
if
it
follows
the
second
or
third
halving,
respectively.
Meanwhile,
based
on
the
second
and
third
halving
trajectory,
Bitcoin
could
rise
to


as
high
as
$1
million


or
$800,000
by
2028. 

Time
For
BTC
To
Resume
Its
Upward
Trend


Based
on
recent
analyses
by
different
crypto
analysts,
Bitcoin
could
resume
its
upward
trend
soon
enough.


Crypto
analyst
Ali
Martinez


mentioned


that
retail
investors
are
returning
to
the


Bitcoin
ecosystem
,
with
new
Bitcoin
addresses
hitting
a
four-month
high
of
432,026.
This
could
put
the
flagship
crypto
in
price
discovery
and
lead
to
a
rally
as
these
investors
accumulate
Bitcoin.

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Source:
X


Crypto
analyst
Mikybull
Crypto


also
recently
predicted
that
BTC
is
set
to
rise
higher.
He
claimed
that
the
flagship
crypto
had
completed
its


inverse
head-and-shoulder
pattern


on
the
daily
and
noted
that
Bitcoin’s


Moving
Average
Convergence/Divergence
(MACD)


indicator
suggests
an
imminent
bullish
cross,
which
indicates
strength
for
the
flagship
crypto. 


Related
Reading


Meanwhile,
Mikybull
Crypto


revealed


that
Bitcoin’s


CME
gap


has
been
filled.
This
is
significant
as
crypto
expert


Michael
van
de
Poppe


predicted
that
Bitcoin
could
witness
a
bounce
from
its
current
price
levels
once
the
CME
gap
has
been
closed. 


At
the
time
of
writing,
Bitcoin
is
trading
at
around
$60,600,
down
over
3%
in
the
last
24
hours
according
to


data


from
CoinMarketCap. 

BTC
at
$6o,400
|
Source:

BTCUSDT
on
Tradingview.com

Featured
image
created
with
Dall.E,
chart
from
Tradingview.com

Go to Source
Author: Scott Matherson


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