Bitcoin’s Final Cycle Pump Kicks Off, Here’s How High It Could Go

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As a seasoned analyst with over two decades of experience in the financial markets, I have seen my fair share of market cycles and trends. The recent surge in the cryptocurrency market following the Fed interest rate cut has piqued my interest, especially when it comes to Bitcoin.

Based on the resurgence in the overall cryptocurrency market after the latest interest rate reduction by the Federal Reserve (Fed), many crypto experts are expressing optimistic views about Bitcoin, suggesting that its final upward push for this particular cycle may have begun.

Bitcoin Might Be Poised For The Last Great Rally

Crypto expert and trader Stockmoney Lizards, in a bold statement, has declared that the last cycle pump for Bitcoin has started, signalling the beginning of a fresh and explosive phase for the largest digital asset. In light of the ongoing market rebound, the declaration ignited enthusiasm and hope among investors and traders, prompting anticipation for notable gains in the upcoming months.

According to Stockmoney Lizards’ viewpoint, we might be witnessing the closing phase of a major Bitcoin price surge in this present market trend, based on historical patterns suggesting an imminent spike to record-breaking values.

According to the crypto expert’s prediction, the current surge in BTC prices could be the start of its final rise in this cycle. He anticipates that the peak will occur around September or October of the coming year. Furthermore, his next price target and estimated top for the cryptocurrency asset are set between $200,000 and $260,000.

Bitcoin’s Final Cycle Pump Kicks Off, Here’s How High It Could Go

Previously observed patterns suggest that after approximately four years from a Bitcoin Halving event, Bitcoin has reached its peak. Stockmoney Lizards pointed out this pattern over the last three cycles and suggested that the trendlines (one red for a bearish scenario, one green for a bullish scenario) could indicate possible price bottoms.

Based on this trend, the analyst is quite certain that the upcoming high point in the market will fall within the range of $200,000 to $260,000, reflecting his positive outlook for the cryptocurrency’s future prospects.

BTC’s Next Bullish Phase On The Horizon

Stockmoney Lizards’ positive outlook mirrors crypto analyst PharaohX33’s perspective, who anticipates a significant surge in Bitcoin (BTC), potentially reaching a new record high based on past price trends during cycles. After scrutinizing the last cycle, the analyst has indicated that Bitcoin is preparing for its next bullish run, indicating similarities between this current cycle and the 2020 cycle.

As reported by Pharaoh, Bitcoin started increasing around 2020, approximately 670 to 680 days after the bear market’s lowest point had been reached. Subsequently, the digital currency entered a period of consolidation and began breaking free from it around 160 to 170 days following the Halving event that took place in that year.

Currently, Bitcoin is roughly 668 days from reaching its previous bear market bottom. Additionally, it has been holding steady for approximately 152 days since the last halving event that occurred in April of this year.

As a crypto investor, I’m keeping a keen eye on the market trends, and based on the pattern seen in 2020, it seems we might be on the brink of another bullish phase for Bitcoin. If the expert’s prediction holds true, this could lead to a significant price surge towards a new cycle high.

Bitcoin’s Final Cycle Pump Kicks Off, Here’s How High It Could Go

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2024-09-20 19:11