Bitcoin’s price is in a prolonged period of consolidation, prompting intense speculation about its next move. Crypto analyst Mags has outlined a five-stage roadmap for the cryptocurrency, suggesting a potential significant price movement in the coming months. According to Mags, the roadmap consists of five stages: 1) Bitcoin breaking out above its all-time high (ATH), […]
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- Crypto analyst Mags outlines a 5-step roadmap for Bitcoin’s next price movements.
- Bitcoin’s 92-day consolidation period is the longest in its history, suggesting a potential rally.
- Bitcoin has reclaimed its ATH, and analysts predict a major breakout in the coming months.
Bitcoin’s price is in a prolonged period of consolidation, prompting intense speculation about its next move. Crypto analyst Mags has outlined a five-stage roadmap for the cryptocurrency, suggesting a potential significant price movement in the coming months.
According to Mags, the roadmap consists of five stages: 1) Bitcoin breaking out above its all-time high (ATH), 2) finding support above the ATH, 3) breaking down below the ATH, 4) reclaiming the ATH, and 5) continuing higher. Currently, Bitcoin is in the fourth stage, having reclaimed the ATH and appears poised for further upward movement.
#Bitcoin Roadmap for next few months
1) Price breaks out above ATH
2) Price finds support above ATH
3) Price breaks down below ATH
4) Price reclaims the ATH (we are here)
5) Price continues Higher pic.twitter.com/fVOvf0FiW4— Mags (@thescalpingpro) June 13, 2024
This consolidation period, at 92 days…
The post Bitcoin Roadmap: Analysts Predict Major Upside Rally Post-Consolidation appeared first on Coin Edition.
