Bitcoin (BTC) is once again trading above the $70,000 mark after avoiding dropping below $60,000. With the ongoing resurgence, investor attention remains fixated on whether BTC will rally and achieve another record high before the April halving event.
Indeed, a significant portion of market attention is focused on Bitcoin’s ability to hit a six-figure mark, and crypto analyst TradingShot believes the maiden digital asset has a strong chance in the current cycle.
In a TradingView post on March 28, the analyst suggested that the asset has the potential to reach $200,000, despite experiencing a two-week consolidation period after surpassing its previous all-time high.
Bitcoin price analysis chart. Source: TradingView/TradingShot
In his view, Bitcoin has exhibited remarkable resilience, echoing a pattern observed during its previous cycle in November 2020 where it similarly underwent a three-week sideways trading phase following its ATH breakthrough. Some of the similarities
We współpracy z: https://finbold.com/why-bitcoin-is-lining-up-to-hit-200k-during-current-cycle/
