FOMO

Bitcoin

when

Higher

Rekt

As Bitcoin navigates through 92 days of consolidation, the crypto community watches closely for the next major move. Notably, this extended phase of stability, which is now the longest in Bitcoin’s history, has been seen as the calm before a<a href="https://www.newsbtc.com/news/bitcoin-ownership-trends-short-term-spike-as-etfs-gain-popularity-report/" target="_blank" rel="noopener "> significant price storm</a> by some crypto analysts. 
Crypto analysts like Mags have been particularly <a href="https://twitter.com/thescalpingpro/status/1801155442858729639?ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">vocal</a> about the potential shifts in Bitcoin’s price trajectory, detailing a five-step roadmap that could signal major future gains. 
<h2 id="bitcoin-s-path-towards-higher-prices">Bitcoin’s Path Towards Higher Prices</h2> 
This roadmap, as outlined by Mags, sketches a cycle of breaking past, retreating, and then firmly establishing new support levels above Bitcoin’s all-time high (ATH). So far, the cryptocurrency has reclaimed its previous ATH of 2021, positioning it at a critical juncture that could precede <a href="https://www.newsbtc.com/bitcoin-news/crypto-surge-over-bitcoin-stalls-as-investor-enthusiasm-wanes/" target="_blank" rel="noopener ">another substantial price rally</a>. 
According to Mags, this reclamation stage is critical as it sets the stage for the potential upward trajectory, aligning with historical data suggesting that prolonged consolidations often lead to explosive movements. 
Despite the bearish sentiments reflected in the past week’s 6.8% decline and a 4.2% drop over the last 24 hours, bringing Bitcoin to $66,767, analysts <a href="https://www.newsbtc.com/bitcoin-news/bitcoin-etf-inflows-glassnode-report-answers/" target="_blank" rel="noopener ">remain optimistic</a> about its long-term prospects. 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/1n5lriqL/" alt="Bitcoin (BTC) price chart on TradingView" width="2770" height="1496"> 
Mags emphasizes that the market could witness a significant rally once Bitcoin exits this consolidation range. 
<blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">#Bitcoin</a> Roadmap for next few months <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f91d.png" alt="🤝" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 1) Price breaks out above ATH 2) Price finds support above ATH 3) Price breaks down below ATH 4) Price reclaims the ATH (we are here) 5) Price continues Higher <a href="https://t.co/fVOvf0FiW4" target="_blank" rel="noopener nofollow">pic.twitter.com/fVOvf0FiW4</a> 
 — Mags (@thescalpingpro) <a href="https://twitter.com/thescalpingpro/status/1801155442858729639?ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">June 13, 2024</a>
</blockquote> 
<h2 id="expert-strategies-for-navigating-bitcoin-next-big-leap">Expert Strategies For Navigating Bitcoin Next Big Leap</h2> 
Mag’s viewpoint is supported by RektCapital, which notes the <a href="https://x.com/rektcapital/status/1801298871437373828" target="_blank" rel="noopener nofollow">importance of synchronization</a> with historical post-halving cycles, suggesting that a premature breakout could shorten the expected bull run. 
Gert van Lagen’s recent findings further enrich the analytical perspective. According to van Lagen, the Bitcoin price chart forms a ‘Cup with Handle’ pattern on the 3-day chart, a bullish signal traditionally heralded for its reliability in predicting substantial price increases. 
His analysis suggests that Bitcoin could <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-price-300000-massive-bullish-pattern/" target="_blank" rel="noopener ">surge to as high as $300,000</a> if the pattern holds. Van Lagen’s observations have added a layer of technical validation to the optimistic forecasts, reinforcing the sentiment that significant gains could be on the horizon. 
In light of recent price actions and historical comparisons, RektCapital offers strategic advice to investors, emphasizing the value of patience and timing in capitalizing on market lows. 
He <a href="https://twitter.com/rektcapital/status/1801299076190707898?ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">advocates</a> buying during downturns—a strategy once famously summarized by Baron Rothschild to “buy when there’s blood in the streets,” including one’s own during particularly <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-rejects-70k-2/" target="_blank" rel="noopener ">dire times</a>. 
<blockquote class="twitter-tweet"> 
 “Buy when there’s blood in the streets…” 
 Baron Rothschild made a fortune FOMO buying when people panic sold 
 But the second part of his quote isn’t recited as often 
 “…even if the blood is your own” 
 You often have go against yourself to be profitable<a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">#BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">#Bitcoin</a> 
 — Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1801299076190707898?ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">June 13, 2024</a>
</blockquote> 
This approach is often echoed across the crypto investment space, where seasoned traders often see dips as opportunities rather than setbacks. 
Featured image created with DALL-E, Chart from TradingView

Bitcoin’s Breakout Blueprint: Analyst Reveals Roadmap For Imminent Surge

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