Analyst Foresees Bitcoin Topping Out At $190,000 In Future Market Rally

Quick Summary:

With Bitcoin currently fluctuating around the $58,000 and $60,500 levels, determining the flagship cryptocurrency asset’s peak in the ongoing bull run has been a major challenge.

After examining the rainbow chart, the crypto expert underlined that Bitcoin is presently in the accumulation zone.

The analyst’s prediction is part of his expectation of the biggest breakout ever for BTC, which could see the value of the underlying asset rising to unprecedented heights in the current bull cycle.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: Hungary

Topics: Sensei Fomo Btcusd The Bitcoin Rainbow Chart Bitcoin News Bitcoin Accumulation Zone Btc BTCUSDT Lark Davis Fear of missing out

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-14 @ 04:00:37 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 500 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22072744

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About Bitcoinist

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Official Website: bitcoinist.com

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Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

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Publisher ID: #105

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