A crypto analyst has boldly predicted that the price of Bitcoin could surge to $200,000 and above, marking new All-Time Highs (ATHs) and the peak of the long-awaited bull market. Related Reading: Institutional Whales Bet Big On Bitcoin As BTC Nears $64,000 Bitcoin Enters Final Pump Stage On September 19, Stockmoney Lizards,’ a crypto analyst took to X (formerly Twitter) to discuss his new prediction about the crypto market, particularly zeroing in on the cyclical nature of Bitcoin’s price movements and its halving events. The analyst believes the market is currently at the start of the "final pump of the Bitcoin bull cycle.” Based on historical trend patterns following past halving events, Stockmoney Lizards has stated that he has high expectations that Bitcoin will reach its cycle top between September and October 2024.
He referenced the last three cycle tops during past halving events, identifying a unique trend pattern where the market experiences an extended bull run after the Bitcoin halving, roughly every 48 months. The analyst observed that this trend pattern is repeating in the current market cycle, leading him to predict that Bitcoin’s price will peak between $200,000 and $260,000.
He forecasts that the crypto could reach a price between $200,000 and $260,000, identifying these targets as the potential cycle top for this market cycle. Sharing a detailed chart depicting Bitcoin’s historical price movements from 2016 till date, Stockmoney Lizards illuminated the bullish and bearish events following each halving event.
The story "Bitcoin ‘Final Cycle Pump’ Puts Price As High As $200,000" has 456 words across 57 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story "Bitcoin ‘Final Cycle Pump’ Puts Price As High As $200,000" was covered 1 weeks ago by NewsBTC, a news publisher based in United Kingdom.
How trustworthy is 'NewsBTC' news outlet?
NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United Kingdom and publishes an average of 7 news stories per day.
It's most recent story was published 8 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
