MJP –
If Bitcoin can break beyond a critical barrier, 2.25 percent from its current value, according to a crypto expert, it will be ready for a new all-time high.
Michaël van de Poppe, a cryptocurrency strategist, thinks that Bitcoin (BTC) might potentially hit new ATH prices if it manages to cross a critical price threshold.
According to the analyst’s post to his 723,200 X followers, Bitcoin might reach a new all-time high (ATH) by September if its value increases by 2.25 percent from where it is now.
The market breaking out is a wonderful feeling. The last barrier to entry at $62,000 has not stopped Bitcoin from rising higher.
If that fails, a new all-time high could be achieved in September. Looking forward to a flood of great information regarding the ETF.
In less than two weeks, Bitcoin is expected to reach a new all-time high if it breaks $62,000.
As of this writing, one Bitcoin (BTC) is worth $61,657.90.
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According to yet another Bitcoin trader and analyst, the market for Bitcoin (BTC) is about to enter a bullish period.
Under the pseudonym “Rekt Capital,” an analyst with 82,700 YouTube followers predicts that Bitcoin will hit new ATH levels soon, based on trends in the cryptocurrency’s market cycles between 2016 and 2020.
The market is entering the bull market phase, and it is happening gradually but steadily.
We’re likely now in the midst of this bull market phase, but there’s much more to come.
There is still more than a month to go; we are currently 126 days after the halving.
Breaking out in late September would be possible after 160 days. We reached that position in 2016 after 150 days.
In contrast, 160 days passed in 2020.
A historically repeating breakout from the re-accumulation phase after the halving should convert us into a post-halving parabolic upside phase, which should occur anywhere from 150 to 160 days.
