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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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😱🚀🚀 Shocking prediction from a famous analyst: Bitcoin can reach this price!
According to crypto analysts, Bitcoin offers great potential by repeating the process after the halving of 2016.
Crypto analyst Rekt Capital said in a tweet on May 11th, "Bitcoin perfectly replicated the 2016 scenario and tested the December low after the Halving." Rekt mentioned that at this point in the cycle, any price below the cumulative zone of $61,081.
Also, Rekt stated that Bitcoin is in the "last pullback before the halving in October" phase. This phase, which occurred only six months after the one in 2016, also brought a 48% increase.
Cryptocurrency analysts are bullish on Bitcoin!
According to the founder and investment manager of Cane Island, Bitcoin's retracement to the lowest point in a specific time period after its ATH sets a rather ambitious price target. Alternative Advisors Timothy Peterson predicts that Bitcoin's current price could increase almost sixfold by early 2025.
"On a post published on X on May 11th, Peterson said: \"Based on previous declines, we can predict that the peak value of this cycle will be between $175,000 and $350,000 in the next 9 months.\" Peterson added: \"Based on the past, we can say that this bull market will end in January 2025.\"
By the way, the 100-day moving average indicator suggests that the price of Bitcoin could hover around the local December level. In a post dated May 11th, they highlighted the key area with a similar formation seen after the approval of the BTC ETF in January. BTC increased by 32 percent in just one month, reaching $51,730 in February.
#BTC# #ContentStar# #HotTopicDiscussion#