Bitcoin Price Targets $300,000 As CME Data Indicates Easing Selling Pressure

Bitcoin Price Targets $300,000 As CME Data Indicates Easing Selling Pressure

While talks of the end of the bull run have permeated the cryptoverse, pundits say Bitcoin price can make one last-gasp effort. A late surge could see the asset barrel toward $300,000 with investors scanning the horizon for signs of bullishness.
Bitcoin Price To $300,000 Within Reach
Pseudonymous on-chain analyst Chiefy disclosed on X (formerly Twitter) that Bitcoin price can still rally to $300,000 in this cycle. Chiefy noted that the BTC correction is nearing its end, stoking enthusiasm for a fresh rally for the largest cryptocurrency.
Chiefy’s analysis takes a contrarian stance against theories that the BTC bull run is over, following a recent price correction. He hinges his projections on Bitcoin’s four-year cycles and the key phases that define the cyclical patterns.
For Chiefy, each four-year cycle historically leads to a massive price spike for Bitcoin with the analyst projecting an even bigger all-time high for the asset. In each cycle, Bitcoin will undergo four phases inc

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