Expanding on his analysis, Master Kenobi ventured into speculative territory by sketching a predicted price path for Bitcoin. Related Reading: XRP Price In Motion: Analyst Reveals The Next Major Supports And Resistances The analyst speculated that the next 51-day sequence could follow a similar trajectory to the past 51 days in late 2023, culminating in a price of $124,300 by January 31, 2025. At the time of writing, Bitcoin is trading at $105,000, having recently reached an intraday high and all-time high of $106,352 in the past 24 hours, according to CoinGecko.
Notably, Master Kenobi, a popular crypto analyst on X, revealed an extremely bullish 88-day pattern on the Bitcoin price chart, drawing parallels to a similar pattern from late 2023.88-Day Pattern Resembles Historical Symmetry On Bitcoin Price Chart Master Kenobi’s analysis begins with the identification of an 88-day structure that bears a striking resemblance to Bitcoin’s price movements in Q4 2023, just before the current bull market phase began.
Following its recent surge to an all-time high (ATH) above $106,000, the Bitcoin price has played out an interesting pattern on the 1-day candlestick timeframe, which points to an extremely bullish outlook for the leading cryptocurrency.
The story "Extremely Bullish 88-Day Structure Appears On Bitcoin Price Chart After Hitting $105,000 ATH" has 429 words across 63 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story "Extremely Bullish 88-Day Structure Appears On Bitcoin Price Chart After Hitting $105,000 ATH" was covered 14 hours 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 5 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.
