Analyst Says Bitcoin Has Entered The ‘Thrill’ Phase, Here’s What To Expect Next

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Analyst Says Bitcoin Has Entered The ‘Thrill’ Phase, Here’s What To Expect Next - NewsBTC

Quick Summary:

In an X post, the crypto analyst said that the daily Relative Strength Index (RSI) shows that Bitcoin is in overbought territory, which typically signals a potential price correction ahead. Related Reading: Here Are The Factors That Could Drive The Dogecoin Price To $1 This Bull Market This price correction could also happen as Bitcoin investors look to secure profits.

He predicts that BTC will rally to as high as $150,000. Related Reading: Crypto Analyst Predicts Major Price Crash For Shiba Inu, But It’s Not All Bad News His accompanying chart showed that the thrill phase of the market cycle is when investors and traders may get overexcited about the bull rally and decide to go all in with leverage.

The analyst further explained what to expect from the flagship crypto moving forward, having entered this phase of the bull run. What To Expect From Bitcoin In Thrill’ Phase In an X post, Ash Crypto revealed that Bitcoin is entering the thrill phase.