CandleFocus BTC to $300,000? Top Trader Delivers Epic Bitcoin Price Prediction
2024-09-24
Author: Content Editor
Technical analyst Gert van Lagen predicts that Bitcoin's price could surge by over 472% in the next year. Van Lagen identifies a step-like formation in Bitcoin's price, resembling a "cup with handle" pattern, and notes an ascending broadening wedge at a potential pre-breakout stage. He states that this pattern breaks to the upside 79% of the time, with a 67% chance of continuing the prior trend. Based on this analysis, he sets a target price of $300,000 per BTC, a 472.44% increase from current levels. Bitcoin's price has been hovering around $63,500, aligning with the 200-day simple moving average, and traders should closely monitor for a breakout.
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