Can Bitcoin Push Beyond $80K? Why This Trader Thinks 'It's Time'
Portfolio Pulse from Khyathi Dalal
Popular crypto analyst Jelle predicts Bitcoin could break through its all-time highs and reach $86,000, mirroring its 2017 bull market pattern. Bitcoin has been consolidating below $72,000 for 100 days, building pressure for a breakout. Data shows increased daily active addresses and exchange netflows, with 98% of Bitcoin holders currently in profit.
June 07, 2024 | 11:14 am
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Popular crypto analyst Jelle predicts Bitcoin could break through its all-time highs and reach $86,000, mirroring its 2017 bull market pattern. Bitcoin has been consolidating below $72,000 for 100 days, building pressure for a breakout. Data shows increased daily active addresses and exchange netflows, with 98% of Bitcoin holders currently in profit.
Jelle's analysis suggests a strong bullish trend for Bitcoin, supported by historical patterns and current market data. Increased daily active addresses and exchange netflows indicate growing interest and activity, which could drive the price higher.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100