- Bitcoin holds $67,000 price level for what could be the last time.
- Analyst notices the confirmation of a highly bullish pattern and expects bull movement ahead.
- He says BTC price could explode towards a target of over $116,000.
Bitcoin continues to hold the line at the $67,000 price target. This crucial price level is soon expected to pump towards a much higher target. One analyst believes that Bitcoin (BTC) has confirmed a bullish pattern in a vital area on the 12-hour chart. With this pattern in sight, the analyst believes that a significant bull movement is developing for Bitcoin.
Bitcoin Confirms Bullish Pattern
Since the start of Q4 reputed analysts from across the globe have been sharing bullish predictions and highlighting bullish indicators in the BTC price chart. Indeed, the pioneer crypto asset, Bitcoin seems to be setting sights towards reaching incredible new all-time highs (ATHs), this bull cycle.
In detail, many of these predictions range towards much higher targets. For instance, the bullish expectation for a flourishing Q4 has led many analysts to set the price targets of $100,000 to $150,000 for Bitcoin (BTC) price by the end of Q4. Similarly, the predictions for BTC to set a cycle top high ranges from $220,000 to $550,000.
Analyst Expects $116,000 BTC Target Soon
Presently, according to CoinMarketCap data, the price of Bitcoin stands at $$67,071.65 with a total market cap of $1,326,250,489,201.72 and a 24-hour trading volume to $15,765,934,670.28. To beat its previous ATH, Bitcoin must surge past $73,750.07 which was set seven months ago.
Analysts believe the time is night for BTC to enter price discovery phase. As we can see front he post above, Bitcoin (BTC) is working to pump upwards towards the $67,559 area for what this analyst believes could be the last time Bitcoin price will remain before entering into a massive push towards hitting a new ATH target of over $116,000.
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