Despite the price crash after rising to $69,000, the Bitcoin price remains in the game, with bulls continuing to hold up the support above $67,000. Bullish sentiment also continues to prevail, with the market still being fairly greedy amid expectations that the pioneer cryptocurrency is gearing up for a significant price jump from here.
Bitcoin Can Still Make A 35% Jump
Crypto analyst CryptoCon has revealed that Bitcoin still has a ways to go before the cycle top is in. In the analysis posted on X (formerly Twitter), the crypto analyst revealed that the digital asset is yet to reach Level 3 of the Magic Bands, so the top is not in yet.
Related Reading
The analyst points to previous bull cycles where the Magic Bands had been fully completed before the top was finally in. For the whole band to be completed, there are four levels in total. However, the current cycle is still only in the 2.5 level, which means there is still a ways to go.
The next major level from here is the Level 3 Magic Band, which usually comes with a surge in price. Following the completion of the Level 2 that saw the price reach a new all-time high above $72,300, the cryptocurrency is now testing the resistance at the Level 2.5, where a break is needed.
If the Bitcoin price is able to break this resistance, the crypto analyst sees a 35% surge to $91,500 sometime in 2024. “Taking some time to reach it at Level 3 of the Magic bands, but it’s the next step,” the crypto analyst stated.
$91,539 target left untouched and unchanged for #Bitcoin.
Taking some time to reach it at Level 3 of the Magic bands but it’s the next step.
All in due time… pic.twitter.com/Pwimj05ZQb
— CryptoCon (@CryptoCon_) June 12, 2024
When Will The BTC Price Top?
Using CryptoCon’s Magic Bands analysis, it is possible that the Bitcoin cycle top is still far away. As the crypto analyst shows, even after hitting the Level 3 magic band, there is still Level 4 left to go, which is what usually marks the cycle top.
Related Reading
This means after hitting $91,500 at the top of Level 3, there could be consolidation before the Level 4 Magic Band is completed. When this happens, the crypto analyst expects the BTC price to actually touch above $123,000 before the cycle top is in.
If CryptoCon’s analyst is anything to go buy, then Bitcoin still has another 100% move from from its current price before the bull market is over. The cycle top is expected to hit sometime around 2026, according to the analyst.
Presently, the BTC price is still being held up by bulls who have continued to endure an onslaught from sellers. Despite falling 4.3% in the last week, it is still trading at $67,900 at the time of this writing.
Some genuinely nice and useful info on this site, as well I believe the style and design has superb features.
With havin so much written content do you ever run into any issues of plagorism or copyright infringement? My website has a lot of completely unique content I’ve either authored myself or outsourced but it looks like a lot of it is popping it up all over the web without my authorization. Do you know any methods to help protect against content from being ripped off? I’d certainly appreciate it.
Nice post. I be taught something tougher on completely different blogs everyday. It would all the time be stimulating to read content material from other writers and practice slightly something from their store. I’d favor to use some with the content on my blog whether you don’t mind. Natually I’ll offer you a hyperlink on your internet blog. Thanks for sharing.
An impressive share, I simply given this onto a colleague who was doing just a little analysis on this. And he in fact bought me breakfast as a result of I discovered it for him.. smile. So let me reword that: Thnx for the deal with! But yeah Thnkx for spending the time to debate this, I really feel strongly about it and love reading more on this topic. If doable, as you turn out to be expertise, would you mind updating your weblog with extra particulars? It’s highly useful for me. Massive thumb up for this weblog publish!
buying clomiphene pill clomid prices in south africa cost of generic clomid for sale how can i get generic clomiphene price can i get clomiphene without insurance clomid chance of twins where to buy clomiphene
I am in point of fact delighted to coup d’oeil at this blog posts which consists of tons of of use facts, thanks towards providing such data.
purchase zithromax sale – purchase zithromax for sale flagyl 400mg uk
rybelsus 14 mg uk – brand cyproheptadine periactin 4mg usa
Yay google is my queen assisted me to find this great web site! .
buy inderal pills for sale – buy clopidogrel tablets methotrexate canada
Excellent blog here! Also your web site loads up fast! What host are you using? Can I get your affiliate link to your host? I wish my website loaded up as fast as yours lol
buy amoxil sale – purchase amoxil sale combivent where to buy
oral nexium 20mg – https://anexamate.com/ purchase nexium pill
cost warfarin 5mg – https://coumamide.com/ losartan medication
mobic cost – https://moboxsin.com/ cost meloxicam
purchase deltasone for sale – aprep lson cheap deltasone 20mg
You made some clear points there. I looked on the internet for the subject and found most individuals will consent with your website.
ed pills that work quickly – fast ed to take new ed pills
cheap amoxicillin without prescription – amoxil online amoxicillin online order
buy generic diflucan online – https://gpdifluca.com/# brand fluconazole 200mg
cialis 5mg 10mg no prescription – click is there a generic cialis available?
what is cialis used to treat – https://strongtadafl.com/# how to buy tadalafil online
ranitidine 150mg over the counter – https://aranitidine.com/ buy ranitidine 150mg generic
order viagra online in the uk – this sildenafil jelly 100 mg
More posts like this would prosper the blogosphere more useful. https://gnolvade.com/
This is a topic which is near to my heart… Numberless thanks! Exactly where can I notice the contact details due to the fact that questions? https://buyfastonl.com/gabapentin.html
More text pieces like this would urge the web better. https://ursxdol.com/synthroid-available-online/
Thanks for sharing. It’s top quality. https://prohnrg.com/product/orlistat-pills-di/
Undeniably believe that which you stated. Your favorite justification seemed to be on the web the easiest thing to be aware of. I say to you, I definitely get annoyed while people think about worries that they just do not know about. You managed to hit the nail upon the top and also defined out the whole thing without having side-effects , people could take a signal. Will likely be back to get more. Thanks
This website absolutely has all of the information and facts I needed there this subject and didn’t know who to ask. https://aranitidine.com/fr/prednisolone-achat-en-ligne/
Thanks towards putting this up. It’s evidently done. https://ondactone.com/simvastatin/
The thoroughness in this break down is noteworthy.
order imitrex 25mg pill
Can I simply say what a aid to search out someone who really knows what theyre talking about on the internet. You undoubtedly know find out how to deliver an issue to light and make it important. More folks have to learn this and perceive this side of the story. I cant believe youre not more fashionable since you undoubtedly have the gift.
The depth in this piece is exceptional. http://sols9.com/batheo/Forum/User-Crpake
Good – I should definitely pronounce, impressed with your website. I had no trouble navigating through all the tabs and related info ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Quite unusual. Is likely to appreciate it for those who add forums or something, site theme . a tones way for your customer to communicate. Excellent task..
You made some good points there. I did a search on the subject matter and found most guys will go along with with your site.
order forxiga 10mg generic – buy generic forxiga for sale buy forxiga 10mg generic
The following time I learn a blog, I hope that it doesnt disappoint me as much as this one. I mean, I know it was my option to learn, but I truly thought youd have something fascinating to say. All I hear is a bunch of whining about something that you might repair if you happen to werent too busy in search of attention.
My spouse and i were really peaceful Albert managed to do his preliminary research with the ideas he had when using the web pages. It’s not at all simplistic just to possibly be giving for free tactics which usually others have been selling. We acknowledge we need the writer to be grateful to for that. The type of explanations you have made, the straightforward site menu, the friendships you will make it easier to foster – it’s most astounding, and it’s really leading our son in addition to the family do think this article is excellent, which is certainly particularly fundamental. Thanks for all the pieces!
xenical drug – order xenical generic orlistat 60mg generic
I keep listening to the news bulletin speak about receiving boundless online grant applications so I have been looking around for the best site to get one. Could you advise me please, where could i acquire some?