- Bitcoin (BTC) price charts prints a hidden bullish divergence pattern.
- Analyst expects Bitcoin to set a new ATH this crypto cycle after adjusting for inflation prices.
- A bull run for this cycle is yet to begin and BTC is expected to hit $100,000.
The crypto market inches closer to mid-September, a crucial time for this Bitcoin cycle’s timeline. According to many analyst, this being a halving year makes it a critical time historically. So far, in every halving year, the price of Bitcoin (BTC) would sugar parabolically entering into Q4.
Bitcoin New ATH’s Expected Ahead
This year, analysts are contemplating if Bitcoin has already bottomed for September. One silver-tongued analyst known for his many accurate predictions for far believes that the price of Bitcoin has already bottomed for the month around the price of $53,000. In contrast, other analysts expect BTC to dip further between the $40,000 to $47,000 level.
While a few believe the bull run phase for Bitcoin is already over, a majority of the crypto community believes that the bull run phase of the ongoing crypto bull cycle is yet to begin. Another interesting point of view lies in the fact that some analysts believe that Bitcoin (BTC) hasn’t even set a new ATH yet.
Bullish Hidden Divergence Pattern Emerges for BTC
According to Lark Davis, BTC price has not set a new ATH yet for this bull cycle. He says that if the prices are adjusted for inflation then BTC will have to break the $80,000 price mark to set a new ATH. Since this hasn’t happened yet, many believe that the bull run phase is yet to commence.
According to the post above, this analyst believes that Bitcoin (BTC) is on a trajectory to hit $73,729.79. He also adds that the major continuation above this price is highly possible meaning a greater new BTC high could be in play. The analysts calls this a hidden bullish divergence pattern and the pump expectations fuel predictions for new BTC highs to the $100,000 range and more.
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
