Bitcoin Historical Data Points To Imminent 62% Price Surge – Analyst 📈
Bitcoin recently experienced a market dip due to a conflict involving Elon Musk and Donald Trump, leading to a 5% price drop. Despite this volatility, technical indicators suggest a bullish setup. Analyst CrypFlow predicts a potential 62% price surge for Bitcoin, aiming initially at $130,000, based on historical patterns.
The golden cross, where the 50-day moving average crosses above the 200-day moving average, is a key bullish indicator contributing to this forecast. Additionally, a price breakout above a long-standing downward trendline suggests a repetition of previous rallies.
The ongoing market correction is seen as part of a pattern similar to previous movements in 2024. Despite a Fear & Greed Index indicating fear, analysts remain optimistic, predicting price targets up to $155,864.
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