CandleFocus Market Analyst Expects Bitcoin to Surge 84% to $116,600
2024-10-07
Author: Content Editor
Crypto analyst Javon Marks predicts that Bitcoin will surge 84% to a six-figure price point, citing a breakout from its current range. Marks believes Bitcoin will surpass the key resistance level at $67,556 before reaching a target price of $116,600. He has been speculating this surge for some time and expects Bitcoin to finally break the resistance. Marks based his prediction on a possible breakout from a falling wedge price pattern that Bitcoin has been forming since its peak in March. Other analysts have also predicted Bitcoin trading above $100,000, with targets ranging from $90,000 to $106,713. Currently, Bitcoin is up 2.3% in the past 24 hours, with a market cap of $1.25 trillion.
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