Analysts on X have shown historical trends with the Bollinger Bands indicator which predicted a near 100% increase in the price of Bitcoin.
An analyst has claimed that BTC price could double up within three months, using a widely-used momentum indicator. The upper Bollinger Band has been crossed by Bitcoin for two consecutive months, and in the past, every time Bitcoin has done this, its price has doubled within the next three months.
Bitcoin For Another 100%
If the prediction goes well, this could mean that Bitcoin’s price may reach up to $140,000 by July. The current optimism among investors may be due to the expected supply cut due to the halving event.
In the last 24 hours, total liquidations have surpassed $108 Million, as shown by the CoinGlass report. The rising open interest level and hash rate growth suggest that the commodity market will improve, creating a profitable timeframe for mining.
#BITCOIN TO $85,000 BEFORE HALVING
— That Martini Guy (@MartiniGuyYT)
We współpracy z: https://www.thecoinrepublic.com/2024/04/08/bollinger-bands-signals-that-bitcoin-can-double-here-is-how/
