bitcoin-etf-approval-sell-the-news-event/” rel=”nofollow”>Cryptoanalyst Quinten François has provided an ultra-optimistic narrative for the bitcoin-analyst-upside-btc-price/” rel=”nofollow”>bitcoin's future trajectoryThe analyst suggested that things are about to get interesting for the flagship cryptocurrency and predicted that it could reach $4.5 million.
The “fireworks” are about to begin for bitcoin
While highlighting the importance of bitcoin-halving-2024-complete-what-expect/#:~:text=The%20Bitcoin%20halving%20(also%20called,will%20also%20be%20slowed%20down.” rel=”nofollow”>The fourth bitcoin halvingQuinten claimed that the “fireworks” were about to begin for bitcoin. The cryptocurrency analyst commented that btc was currently at the bottom of the range of a growth pattern, which it could enjoy if this fourth halving followed the same pace of growth as the previous one. bitcoin-shatters-profit-taking-streak-2021-bull-run/” rel=”nofollow”>previous market cycles.
Related reading
If that were to happen, Quinten claims that bitcoin could be worth between $140,000 and $4.5 million in the future. He noted that this potential move for btc is starting in bitcoin-supply-spikes-as-mt-gox-moves-btc/” rel=”nofollow”>The lowest range is at $63,000so he commented that the fireworks are about to begin for the flagship cryptocurrency.
From the chart Quinten shared, bitcoin's impressive growth to $4.5 million is not expected to happen in this time. bitcoin-bull-market-glassnode/” rel=”nofollow”>confinementHe predicts that bitcoin could peak at around $1 million if it mirrored bitcoin's trajectory after the first halving. Meanwhile, bitcoin could eventually rise to $4.5 million by 2028 if it continues to mirror the price action after the first halving.
Moreover, the fourth btc halving mirrors the second or third halving and will bring with it lower price movements for the flagship cryptocurrency. Quinten predicts that bitcoin will rise to $400,000 or $280,000 if the second or third halving follows, respectively. Meanwhile, based on the trajectory of the second and third halving, bitcoin could rise to $400,000 or $280,000 if the second or third halving follows, respectively. Up to a million dollars or $800,000 by 2028.
It's time for btc to resume its bullish trend
According to recent analysis by different cryptocurrency analysts, bitcoin could resume its uptrend quite soon. bitcoin-price-at-risk-further-correction-heres-how/” rel=”nofollow”>Cryptocurrency analyst Ali Martinez x.com/ali_charts/status/1808147616578130284″ rel=”nofollow”>mentioned that retail investors are returning to the bitcoin-price/” rel=”nofollow”>bitcoin Ecosystemwith new bitcoin addresses hitting a four-month high of 432,026. This could put the flagship cryptocurrency into price discovery and lead to a rally as these investors accumulate bitcoin.
Cryptocurrency Analyst Mikybull crypto He also recently predicted that btc will rise even further. He claimed that the flagship cryptocurrency had completed its inverted head and shoulders pattern in the newspaper and noted that bitcoin bitcoin-price-suffers-sharp-decline/” rel=”nofollow”>Moving Average Convergence/Divergence (MACD) The indicator suggests an imminent bullish crossover, signaling strength for the flagship cryptocurrency.
Related reading
Meanwhile, Mikybull crypto x.com/MikybullCrypto/status/1808366004222689442″ rel=”nofollow”>revealed that bitcoin bitcoin-might-not-dip-to-9600-to-fill-the-cme-gap/” rel=”nofollow”>CME gap It has been completed. This is important because cryptography experts bitcoin-bottom-20-decline/” rel=”nofollow”>Michael Van De Poppe predicted that bitcoin could witness a rebound from its current price levels once the CME gap is closed.
At the time of writing, bitcoin is trading around $60,600, down more than 3% in the past 24 hours according to bitcoin/” rel=”nofollow”>data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
