Bitcoin

Bitcoin maintains an optimistic path with a one-day appreciation of 1.17% to $91,626 at press time. A crypto analyst points to the historical data of the cryptocurrency and predicts that Bitcoin could rise as high as $138,000 before going through a period of correction.Crypto analyst Ali highlighted <a href="https://cryptotale.org/bitcoin-surpasses-91k-as-xrp-and-ada-show-strong-gains/" rel="noopener noreferrer nofollow">Bitcoin&#39;s</a> performance in previous bull cycles. During the 2017 rally, Bitcoin surged 156% past its previous all-time high before a -39% correction. Similarly, in 2021, Bitcoin rose 121% before correcting by -32%. Ali’s analysis suggests that Bitcoin might follow a similar pattern in the current cycle, potentially reaching at least $138,000 before its first major pullback.Technical analysis shows that Bitcoin is well placed to continue its surge forward. But, for Bitcoin to show the potential to rally as high as $138,000, it must close above the $91,000 mark in the following weeks. A sustained move above this level should develop enough momentum to continue with the current rally.<a href="https://cryptotale.org/bitcoin-targets-138k-as-historical-patterns-signal-growth/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin Targets $138K as Historical Patterns Signal Growth

CryptoTale

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