GET 10% OFF ON YOUR FIRST ORDER. FOR A LIMITED TIME ONLY. Use code: WELCOME on checkout
News

Bitcoin Price About to EXPLODE? Analyst Predicts EPIC 178% Surge!

Bitcoin Poised for a Massive Move

The post Bitcoin Price About to EXPLODE? Analyst Predicts EPIC 178% Surge! appeared first on Coinpedia Fintech News

After a few days of sluggish and sideways trading, Bitcoin took a sudden dip, briefly dipping below $66,600 for the week. But don’t hit the panic button just yet! The cryptocurrency quickly rebounded to hover around $68,700.

Traders and analysts turned their attention to Bitcoin’s promising signs, particularly highlighted by renowned analyst Mags, who hinted at a potential surge of a whopping 178%, possibly pushing its value to an impressive $188,000.

Is a Bitcoin Boom Coming?

Mags pointed out a crucial development: Bitcoin’s breakthrough above its previous monthly resistance in March, which has now become a strong support level.

Since then, Bitcoin has been moving sideways, holding its ground above its former all-time high. This lateral movement, often observed during bullish trends, usually precedes significant price shifts.

Referring to past events, Mags recalled a similar scenario from the previous year when Bitcoin remained relatively flat from March to September. Following this period of stagnation, it saw an impressive surge of 178%. This historical pattern suggests that the current sideways movement could be paving the way for another notable breakthrough.

Mapping Bitcoin’s Journey

If Bitcoin follows the same pattern and experiences a 178% surge from its current range, it could skyrocket to a remarkable $188,000. Such a remarkable rise would undoubtedly grab the attention of traders and investors worldwide.

As of the latest update, Bitcoin is trading at $67,669, showing a slight dip over the past 24 hours. Additionally, Bitcoin’s trading volume has decreased by 7%, settling at $24 billion, while its market cap remains solid at $1.33 trillion.

Also Check Out : Bitcoin Ordinals (BRC-20) Tokens Surge Despite Market Consolidation! What’s Next?

Love it or hate it, Bitcoin continues to be a game-changer in the investment world.

Latest Press

post-thumbnail
News
11 mins ago
Thailand in Talks with Ripple for Potential XRP Integration
Ripple acknowledges Thailand’s potential adoption of XRP in a letter to Thai authorities. Ripple p...
READ MORE
default post thumbnail
News
11 mins ago
XRP Bears In Control: Understanding the Sustained Bearish Sentiment
XRP price struggled to recover above the $0.4880 resistance zone. The price is moving lower and the ...
READ MORE
default post thumbnail
News
11 mins ago
Ethereum Price Trims Gains as Bitcoin Slump Drags Crypto Market
Ethereum price struggled to climb above the $3,550 resistance and trimmed gains. ETH gained bearish ...
READ MORE
default post thumbnail
News
11 mins ago
LBank Exchange Will List DED (DED) on June 24, 2024
Road Town, BVI, June 24th, 2024, Chainwire In a significant move for cryptocurrency and mobile techn...
READ MORE
default post thumbnail
News
11 mins ago
Bitcoin Price Takes a Plunge: Analyzing the Sudden Drop
Bitcoin price started another decline after it struggled near $64,550. BTC declined below the $63,50...
READ MORE
default post thumbnail
News
11 mins ago
Top Analysts Predict When Altcoin Season Will Begin
Crypto enthusiasts and investors are eager to know when altcoin season will kick off. Top analysts o...
READ MORE
default post thumbnail
News
11 mins ago
Crypto on the Campaign Trail: Bitcoin and Blockchain Shapes the 2024 Presidential Race
As the 2024 US presidential election draws near, cryptocurrency has emerged as a surprising yet powe...
READ MORE
default post thumbnail
News
11 mins ago
Miners’ $2 Billion Sell-off Impacts Bitcoin Price, May Cause Second Negative Monthly Close
Bitcoin’s (BTC) price had rallied above $70,000 early this month amid a 19 consecutive inflow stre...
READ MORE
default post thumbnail
News
11 mins ago
Bitcoin Risk at Lowest Level Ever: Here’s Why
Once viewed as a speculative experiment, Bitcoin has matured into a secure and trusted digital asset...
READ MORE
post-thumbnail
News
11 mins ago
Dell Technologies CEO’s Bitcoin Tweets Ignite Crypto Community Speculation
Dell Technologies CEO Michael Dell has sparked a flurry of discussion and speculation within the cry...
READ MORE

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started