Analyst Says Bitcoin Is Hitting Range Bottom, “Right Before The Fireworks”

Quick Summary:

The crypto analyst remarked that BTC was currently at the bottom of the range of a growth pattern, which it could enjoy if this fourth halving were to follow the same growth rate as the previous market cycles.  Related Reading: Shiba Inu Starts July On A High Note: Burn Rate Surges 16,854%, Trading Volume Rises 170% If that were to happen, Quinten claims that Bitcoin could be worth between $140,000 and $4.5 million going forward.

The analyst suggested that things are about to get interesting for the flagship crypto, predicting it could rise to as high as $4.5 million.  The "Fireworks” Are Just About To Begin For Bitcoin While highlighting the significance of Bitcoin’s fourth halving, Quinten claimed that the "fireworks” were just about to begin for Bitcoin.

Meanwhile, Bitcoin could eventually rise to $4.5 million in 2028 if it continues to mirror the price action following the first halving.  Additionally, BTC’S fourth halving mirroring the second or third halving will bring lower price moves for the flagship crypto.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Bitcoin BTCUSDT Bitcoin BTC news Bitcoin news Btc Bitcoin price Btc price Btcusd

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-03 @ 15:30:12 (3 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 455 words

Reading Time: 3 minutes read

Sentences: 62 lines

Sentence Length: 8 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 21474091

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