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Cryptocurrency analyst Michaël van de Poppe is saying that Bitcoin (BTC) is set to hit a six-figure price in the current bullish cycle.
The crypto analyst says Bitcoin is likely to replicate a previous pattern, when BTC surged from around $15,000 to slightly over $63,000, before possibly reaching a new all-time high of at least $250,000.
“So we get some sideways action, get to watch the all-time high, get down sideways action, big breakout. And then we get into the final phase in which you can simply copy-paste this entire run [$15,000-$63,000] towards the one that we have above $63,000. And then we probably assume that we’re going to get towards $250,000 or higher.”
In other trending Bitcoin News today: Bitcoin Could Surge to This Near Six-Figure Price by Year-End, According to Crypto Exchange Kraken!
Cryptocurrency exchange Kraken says that Bitcoin could end the year with a massive surge that would more than double BTC’s value from its September closing price.
In a new report, Kraken says that Bitcoin has typically recorded the best annual performance during the last three months of the year (Q4).
“At BTC’s quarter-end closing price of $43,800, a +119% return in 4Q2021 would put BTC at roughly $96,000.”
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3oGA6o2
✔ US Senator Discloses BTC Purchase: https://bit.ly/2X212mQ
✔ Kraken EOY BTC Price Prediction: https://bit.ly/3FwU0Yv
✔ Bitcoin $250K Prediction: https://bit.ly/2WV7D2c
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
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