Bitcoin To $100,000 Next…?

With today’s current climate coupled with the fact Bitcoin exists, I do not see any extreme price predictions such as this out of the realm of possibility….

Bitcoin to $100K next? Analyst eyes ‘textbook perfect’ BTC price move

“Having passed $26,000 to hit new nine-month highs this week, BTC/USD is in the midst of a recovery rarely seen before.

Despite cooling under $25,000 at the time of writing, longer timeframes are already getting analysts excited after the brutal 2022 bear market.

For Edwards, Bitcoin in 2023 has been straight out of the market’s textbooks. The largest cryptocurrency is attempting to fulfill a “bump and run reversal pattern,” he believes.

The bottom phase of bump and run is defined by investment resource Wealthy Education as follows:

“The bump-and-run reversal bottom is a bullish reversal pattern that begins with a series of descending peaks. Excessive speculation drives prices down until reaching extreme lows. The price action then reverses direction to the upside and marks the end of the downtrend.“
“Textbook perfect Bitcoin ‘Bump & Run Reversal’ bottom is back and the target is over $100,000.” Edwards summarized.”


Master Asked on March 15, 2023 in Bitcoin.
Add Comment