Bitcoin’s market structure and on-chain data suggest that BTC price could rally to $265,000.
) price could continue its uptrend and triple its market capitalization, propelling its price above $260,000, according to founder and CEO of on-chain and market analytics firm CryptoQuant Ki Young Ju.
The hash rate to market cap ratio assesses the growth of mining activity relative to the market capitalization. The setup forms when an asset in a bullish trend retraces twice, first in a wide, shallow move forming the cup and then in a smaller dip forming the handle. The cup-and-handle pattern is a bullish continuation pattern that usually forms during a price consolidation period.
“Whilst this target is particularly high, it is a legitimate target and technically a diminished return .”“If Bitcoin can start to trend above ATH’s this summer, then I anticipate a strong rally to the upside and potentially a shorter cycle.”
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Bitcoin (BTC) Network Can Sustain $256K Price Target: AnalystBitcoin network fundamentals have what it takes to support 3x market valuation
Lire la suite »
Bitcoin options traders bet on a bullish September price move above $100,000, analysts sayBitcoin derivatives traders are betting on a bullish price move above the $100,000 mark in September, according to analysts.
Lire la suite »
Bernstein’s Bitcoin Price Prediction of $150K Reaffirmed by AnalystsCrypto Blog
Lire la suite »
Bernstein analysts double down on $150,000 bitcoin price predictionAnalysts at Bernstein cited a variety of factors when doubling down on their prediction that the price of bitcoin may hit $150,000 this cycle.
Lire la suite »
Analysts expect Bitcoin price recovery after Fed leaves rates unchangedBitcoin price shows signs of a recovery, but analysts are uncertain whether the strongest part of the correction has passed.
Lire la suite »
Bitcoin Price Could Appreciate Over 160% to Reach $150,000, Says Bitfinex AnalystsAccording to a research report by Bitfinex analysts, the price of Bitcoin could surge by 160% in the next 14 months, reaching a cycle top of above $150,000. However, there is also significant selling pressure due to Bitcoin hitting a new high and Short-Term Holders buying above the $60,000 mark.
Lire la suite »