Bitcoin: Analyst Predicts Explosive Growth

Range Bottom and Fireworks

Crypto analyst Quinten François is bullish on Bitcoin’s future, predicting it could soar to $4.5 million. He believes Bitcoin is at the bottom of a growth range, which could lead to significant gains.

Halving Hype

François highlights the importance of Bitcoin’s fourth halving, which he says could trigger a surge in value. He compares Bitcoin’s current trajectory to previous halving cycles, predicting it could reach between $140,000 and $4.5 million.

Possible Price Targets

François’s analysis suggests that Bitcoin could peak at $1 million in this bull run if it follows the first halving pattern. However, if it mirrors the second or third halving, it could reach $400,000 or $280,000, respectively.

Upward Trend Resumes

Other analysts also predict a resumption of Bitcoin’s upward trend. Retail investors are returning to the market, and technical indicators suggest a bullish cross for Bitcoin’s MACD indicator.

CME Gap Filled

The recent filling of Bitcoin’s CME gap is seen as a positive sign by crypto experts. It suggests that Bitcoin could bounce from its current price levels.

Current Price

At the time of writing, Bitcoin is trading at around $60,600, down slightly in the last 24 hours.