Bitcoin has been looking pretty good lately, and some experts think it’s about to take off.
A Big Jump is Coming
Captain Faibik, a crypto expert, believes Bitcoin is on the verge of a major rally. He sees a pattern called a “Broadening Wedge” forming on the charts, which suggests a breakout is coming. He thinks Bitcoin could hit $68,000 by the end of September and then surge to between $88,000 and $90,000 by December.
Another Expert Agrees
Another analyst, Gert Van Lagen, also sees a similar pattern and thinks Bitcoin could go even higher. He predicts a massive rally in the coming months, with a target price of $300,000!
The Halving Effect
Ash Crypto, a market expert, also believes a bull run is about to start. He points to the Bitcoin halving event, which happens every four years and cuts the rate at which new Bitcoins are created in half. Historically, Bitcoin has seen a big price increase about 23 weeks after each halving event. Since the last halving was in March 2023, we’re getting close to that timeframe.
Will Bitcoin Really Go Up?
It’s impossible to say for sure, but these experts are definitely optimistic. The recent positive performance of Bitcoin, combined with the potential for a breakout pattern and the historical impact of the halving event, all point to a possible major rally in the coming months.
