The Most Accurate Price Band for Bitcoin Shows BTC’s Bull Surge Isn’t Over, Reveals Target Price
A prominent crypto analyst known as CryptoCon recently explained how Bitcoin’s most accurate price bands indicate the bull run is not over yet. He predicts Bitcoin will reach $48,000 based on historical patterns.
Over the past 10 days, Bitcoin has been rangebound between $35,000 and $37,000. At the time of writing, BTC was trading around $36,000. This sideways price action follows a period of recovery from previous lows.
Analyzing the Magic Bands
In his tweet, CryptoCon states that the Magic Bands are the most accurate price bands for predicting Bitcoin’s major moves. These bands identify key support and resistance levels that act as magnets for the price.
CryptoCon shares a chart highlighting historical examples of Bitcoin breaking out of the first magic band decisively to the upside. In 9 out of 9 cases, BTC continued upwards to tag the second magic band eventually.
The Most Accurate Price Band for Bitcoin Shows BTC’s Bull Surge Isn’t Over, Reveals Target Price
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The Most Accurate Price Band for Bitcoin Shows BTC’s Bull Surge Isn’t Over, Reveals Target Price
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The Most Accurate Price Band for Bitcoin Shows BTC’s Bull Surge Isn’t Over, Reveals Target Price
Table of Contents
Analyzing the Magic Bands
Precedent Points to $48,000
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A prominent crypto analyst known as CryptoCon recently explained how Bitcoin’s most accurate price bands indicate the bull run is not over yet. He predicts Bitcoin will reach $48,000 based on historical patterns.
Over the past 10 days, Bitcoin has been rangebound between $35,000 and $37,000. At the time of writing, BTC was trading around $36,000. This sideways price action follows a period of recovery from previous lows.
#WhaleAlert #crypto2023A #CryptoWhaleWatch #Binance #Airdrop $BTC $ETH $BNB
