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According to this fractal, BTC will reach $ 80,000 in September

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While the price of BTC falls after rising to $ 42,600, the last increase included 10 consecutive days of profits. Despite that BTC At the time of writing the article is trading at around $ 38,570, some analysts assumethat can be increased by another 100%.

Nunya Bizniz, an independent market analyst, released an upward forecast. He noted that each of the previous 10-day bullish days woth green closes meant doubling the price in the future. So if history repeats itself, the price of BTC may increase by more than 100% in the next 30 – 60 days.

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BTC and its bull runs after 10 consecutive green close prices. Source: Nunya Bizniz

Bizniz noted that another BTC peak could be formed around September 21, 2021. He also commented on the cryptocurrency performance before and after the two previous halvings.

Does halving predict the price of BTC?

After the first halving in 2013, it took BTC prices about 326 days to set a new record high. Meanwhile, after another halving in 2016, BTC rose to a new peak 526 days later. It shifts the date of the peak of the BTC cycle on September 21, 2021. This coincides with the above-mentioned 10-day bull fractal and is based on its previous halving in May 2020.

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BTC could reach six digits in the 4th quarter

The current BTC cycle is more similar to 2013 than 2016. At that time the course BTC / USD reached $ 255 in April. It then bottomed out to $ 66 in July and then rose to a peak of $ 1,150 in December. Similarly, the pair reached nearly $ 65,000 in April. It later dropped to about $ 29,000 in July.

However, the increase from $ 66 to $ 1,150 in 2013 does not mean that BTC will increase from $ 29,000 in 2021 to $ 256,000.

Both peaks took place in November and December. This could indicate that the bear market trigger has more to do with taxes. $ 88,000 – $ 150,000 is BTC’s “more realistic” growth goal in 2021.

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.
BlackRock (IBIT), the Grayscale Bitcoin Trust (GBTC), Fidelity (FBTC), Ark Invest/21Shares (ARKB), Bitwise (BITB), Franklin (EZBC), Invesco/Galaxy (BTCO), VanEck (HODL), Valkyrie (BRRR), WisdomTree (BTCW), Hashdex (DEFI)

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