Bitcoin $178K Target In Sight? Analyst Highlights Bollinger Band Retest Mirroring Jan. 2024 Rally

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Bitcoin $178K Target In Sight? Analyst Highlights Bollinger Band Retest Mirroring Jan. 2024 Rally - NewsBTC

Quick Summary:

This Bollinger Band retest suggests that Bitcoin might be entering a new phase of upward momentum after the recent corrections. Historical Echoes: January 2024’s 86% Rally Offers A Blueprint Severino’s analysis draws parallels between the current price movement and Bitcoin’s behavior earlier in 2024.

Bitcoin Retests Monthly Upper Bollinger Band Bitcoin’s recent price correction has caught the eye of crypto analyst Tony Severino, who highlighted a critical retest of the monthly upper Bollinger Band.

Related Reading: Dogecoin Price Above $10: Historical Data Shows How High DOGE Will Go This Bull Cycle This notable decline has seen Bitcoin retesting the Bollinger Bands, and technical analysis suggests a bounce from here to reach a price target around $178,000.