- A trader predicted in an X post that BTC could reach $137K in August of 2024.
- At press time, BTC was worth $27,952.35 after its price managed a slight 0.15% increase in the past 24 hours.
- BTC was trading in a medium-term positive price channel, which suggested that its price may rise in the next few days.
Cryptocurrency trader, Titan of Crypto, shared his prediction for Bitcoin’s (BTC) next cycle top in an X post yesterday. By analyzing the historical price data of BTC and plotting the trend lines from a previous cycle’s low to its subsequent high, the trader estimated a potential price target for the upcoming cycle peak.
#Bitcoin Next Cycle Top at $137,000.Bookmark this post titans.
Using the price realized #BTC and drawing trend lines from a cycle bottom to one cycle top after, a potential price target for the next cycle top emerges.
$137,000 and it would occur in August 2024.
Do… pic.twitter.com/jEOWMAx6YU
— Titan of Crypto (@Washigorira) October 7, 2023
Based on the trader’s own analysis, BTC could reach approximately $137,000, with this peak expected to occur in August of 2024. In the meantime, the market leader was trading hands at $27,95…
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