A popular crypto analyst thinks historical patterns suggest Bitcoin (BTC) could be on the verge of a huge breakout.
“I think we are most similar to the 2017 cycle, which means we could be in the middle of a massive rampage that could take us to $50,000 if history repeats. Remember, then it takes a breather, then it goes down the hill again for a month or two, three/four months, then it goes back up again.”
Quoting TATrader_Alan, "Bitcoin tends to reach +730% above the POC in Volume profile within the having cycle. If BTC chooses to do the same in the next halving, it will reach 200k in 2024 April."
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