Analyst Who Correctly Predicted Bitcoin’s Surge And Crash Reveals Where Price Is Headed Next

Quick Summary:

The analyst suggested that the flagship crypto has yet to reach its full potential in this market cycle and that more price surges lie ahead for the crypto token.   Not Yet Time For A Bitcoin Blowoff Top TechDev remarked in an X (formerly Twitter) post that the Bitcoin blowoff tops only happen after the four-week Chaikin money flow (CMF) breaks a line he highlighted on the accompanying chart.

As crypto analyst Rekt Capital claimed, this next move to the upside will take Bitcoin into the parabolic uptrend’ phase of this market cycle.  Interestingly, this breakout for Bitcoin could happen sooner than expected, with TechDev claiming that in 18 days, Bitcoin will have a chance at a breakout that it has only seen once in its entire history.

He said Bitcoin would "absolutely giga send” in seven to ten days and rise to as high as $100,000 when this move happens.  Bitcoin’s Breakout May Still Take A While Crypto analyst Rekt Capital recently stated that Bitcoin’s breakout from this Re-Accumulation range would occur in September 2024 if history repeats itself.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Btc Analyst Crypto news Crypto analyst Bitcoin price BTC news BTCUSDT Bitcoin Crypto Bitcoin Btc price Bitcoin news Btcusd

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-14 @ 16:00:06 (6 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 452 words

Reading Time: 3 minutes read

Sentences: 61 lines

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Copyright Owner: © NewsBTC

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