Related Reading: Analyst Says Dogecoin Price Will Surge 2,500% To $2.55, Here’s When The analyst rooted his optimistic projections in the potential for a bullish surge in Bitcoin following the recent market bear trap. Given Bitcoin’s earlier crash of over 20%, many analysts, including Sensei, have speculated that this sharp drop might actually be a bear trap. The crypto analyst indicated in another X post that Bitcoin was moving past this supposed bear trap, suggesting that the cryptocurrency could reach the $72,000 target once the bear trap concludes. Furthermore, Sensei disclosed that Bitcoin was 24% from reaching a new all time high this bullish cycle.
A crypto analyst has unveiled a highly optimistic forecast for Bitcoin (BTC), suggesting that the end of the supposed Bitcoin bear trap could propel the price of the cryptocurrency to new highs, potentially reaching $72,000. Bitcoin Set To Hit $72,000 In a recent X (formerly Twitter) post, a crypto analyst identified as Sensei’ has predicted that Bitcoin will surge to $72,000 soon.
The analyst indicated that the market could be on the cusp of a significant Bitcoin bull run, potentially propelling its price above $250,000. Sharing a similar sentiment, a crypto analyst identified as Milkybull Crypto’ noted that Bitcoin’s price was gaining strength following its higher low on a 3-day chart.
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