- Bitcoin (BTC) reclaims the $60,000 price level reigniting bullish sentiment.
- One analyst highlights the strengthening of the Hidden Bullish Divergence pattern.
- The analyst expects Bitcoin (BTC) to hit a new high of over $116,000 this bull run.
Bitcoin (BTC) has once again recovered the $60,000 price mark leading to renewed positive sentiments for the upcoming bull run. With more and more bullish crypto predictions charted by analysts, the sentiment only grows stronger. The latest of these predictions expect massive moves from assets like BTC and XRP.
Bitcoin’s Hidden Bullish Divergence Pattern
In particular, for Bitcoin (BTC), one analyst has been citing a Hidden Bullish Divergence emerging in the BTC price chart. Specifically, twice before, this analyst has expected a major bullish surge to pump BTC price. Presently, he notices this Hidden Bullish Divergence pattern once again on the 3h chart.
In detail, the analyst says that Bitcoin (BTC) bulls are heavily responding to the pattern on the chart to assist in a positive response which strengthened the Hidden Bullish Divergence pattern. Furthermore, he shares another post explaining where this bullish pattern could take the price of Bitcoin (BTC).
What’s BTC’s Next Cycle Top?
As we can see from the post above, the analyst says that this is only just the beginning of a massive upside phase for Bitcoin (BTC). In fact, he says these indicators are pointing to an over 12% move that will take the price of BTC back up to the $67,559 price target.
More so, if this rally continues, BTC price could keep pumping by over 72% to a new ATH price target of over $116,000 BTC. This expectation aligns with other similar predictions for a new 6-figure bull run top price target for Bitcoin (BTC).
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