Bitcoin

Since August 02, 2024, till writing, Bitcoin price seems&nbsp;tumbling between $58,000 and $60,500. Recent fluctuations have also made it difficult for experts to analyze the peak points of the crypto assets. A crypto analyst has however, posted an analysis on X claiming a massive BTC price hike in the coming months.
This analysis is shedding light on not only the current performance of BTC, but also the possibility of upcoming BTC price hike in the months nearby. His analysis has also depicted his unwavering trust in the Bitcoins despite its poor performance in the recent times. BTC Price Hike Might Reach Up to $190,000! 
Lark Devis, a trusted crypto trader and analyst, has posted on X (formerly Twitter) that the current situation with <a href="https://news.todayq.com/this-is-why-bitcoin-tumbles-below-67000/" rel="noopener noreferrer nofollow">Bitcoin</a> might be a ray of hope for the coming times. He boldly claimed that BTC might soar up to $190k in the coming months. Devis claimed this might be the next significant upsurge in the crypto market.
The Bitcoin Rainbow chart shows that
Devis, is widely in the crypto market due to his perspective evaluations on multiple occasions. He has made yet another daring forecast. Posting a chart depicting a rainbow pattern formation of <a href="https://news.todayq.com/this-is-why-bitcoin-tumbles-below-67000/" rel="noopener noreferrer nofollow">BTC price evaluations</a>, Devis stated that this is a bullish indicator for a significant rally of the anticipated BTC price hike.
The crypto expert analyzed the rainbow chart and came to the conclusion that Bitcoin is in the accumulation zone currently. Also, during the previous cycle when a similar pattern was observed, Bitcoin investments witnessed a sharp hike due to the fear of missing out in the crypto investors. Anticipation for the Coming Months 
Davis anticipated that in the event of an upcoming bullish performance, fear of missing out is going to further pump huge amounts of money into Bitcoin. This pumping might push Bitcoin to humungous heights of $150k to $190k in the coming months.
Although, this analysis by the crypto expert is far from the current reality of <a href="https://news.todayq.com/heres-why-bitcoin-btc-price-is-falling/" rel="noopener noreferrer nofollow">Bitcoin</a>, it has obviously added a ray of hope. Investors can get optimistic with the long term potential of Bitcoin which is going to pump this cryptocurrency to another dimension altogether, leaving all others far behind.
Another crypto analyst named Sensei posted an analysis similar to Devis on X.&nbsp;
$150,000 is the minimum for this cycle !
He also spotted the same rainbow pattern in the Bitcoin price chart. He also wrote in-line with Devis’ analysis that the base price target for the upcoming BTC price hike rally would be $150k.
BTC is anticipated to recover up to $72,000 this month. Although Sensei and Devis have predicted that BTC might cross the $150k mark, BTC is currently in a bearish mode, struggling to reach its anticipated target this month.
However, the patterns analyzed by crypto experts depict an upcoming bullish BTC price hike rally.

Anticipated Bitcoin Price Hike Might Take it Up to $190k- Analyst

Todayq News

Other articles published on Aug 14, 2024

Rollblock Pushing into Crypto Stardom as 9,000 Users Join; DOGE & AVAX Investors Among Thousands ...

Crypto Trading Platform ezBtc Allegedly Diverted $9.5M Customer Funds to Gambling Sites

Bitcoin Price Takes a Hit

Helium Hits $7 After 45% Rally: Can HNT Price Reach $10?

Ethereum Open Interest Crashes 40%—Here’s Why It Could Be a Big Deal

CEO of Wacon, Byun Young-oh arrested over crypto fraud allegations

Join our free newsletter for daily crypto updates!