Bullish Pattern Emerges
Crypto analyst Tara has spotted a positive pattern on Bitcoin’s chart, suggesting a significant price surge. She predicts a potential rally to $75,800, a new all-time high.
Breakout and Retest
Bitcoin recently broke through resistance on the Relative Strength Index (RSI) and retested the breakout level at $67,800. This indicates a possible entry into the parabolic phase of the current market cycle.
Escape Velocity and $100,000
If Bitcoin reaches $75,800, it could enter the “escape velocity phase,” setting it up for further gains. Some analysts believe it could even reach $100,000 during this upward trend.
Megaphone Pattern and $85,000
Analyst Mikybull Crypto has identified a megaphone pattern on Bitcoin’s chart, suggesting a potential target of $85,000. He expects this breakout to occur soon.
Other Analyst Predictions
- Ali Martinez predicts a rise to $79,600 if Bitcoin holds above $66,800.
- Rekt Capital suggests a breakout above $70,000 for Bitcoin to enter the parabolic phase.
- Michael van de Poppe also highlights $70,000 as a key level to break for a new ATH.
