CandleFocus Bitcoin Approaches Second Golden Cross Formation, Analysts Expect Pumps Towards $73,7000 – $250,000
2024-10-08
Author: Content Editor
The article discusses the bullish sentiment in the crypto market despite Bitcoin's dip to $62,000. Analysts are predicting a price pump in the coming months, with Bitcoin and altcoins reaching new all-time highs. The article highlights the formation of a weekly ichimoku golden cross, which could be significant and lead to a rally similar to last year's 145% increase. Another analyst observes a continuity pattern from 2019 to 2014, suggesting that Bitcoin is heading into the third impulse and targeting an ATH of $250,000. Additionally, one analyst sets a price target of $73,700, signaling a recovery in progress for Bitcoin.
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