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Opinion: Bitcoin will peak in October at $150,000
Opinion: the price of Bitcoin will peak in October at $150,000
The news is being updated. There are only three months left until the end of the bullish phase of the first cryptocurrency. This conclusion was reached by a popular expert in X under the nickname CryptoBullet based on post-halving patterns.
According to his observations, the peak of the price of bitcoin usually occurs in 518-546 days after the reduction of the reward to miners. The last halving took place on April 20, 2024
Therefore, when repeating the scenario, there are just over 70 days left until the potential peak of the bull market phase.
$150 000+
Wealth Mastery founder Lark Davis examined the bullish pattern "Inverted Head and Shoulders" on the weekly chart with a projected target above the $150,000 mark.
According to him, the figure coincides with the 2.618 Fibonacci extension level drawn from the peak of 2021 to the minimum of the bear market.