Bitcoin is poised to make a dramatic surge to $200,000, according to a crypto analyst who has identified a massive Cup and Handle pattern in the cryptocurrency’s price chart. This bullish signal suggests a potential rally ahead for Bitcoin, with the handle portion already surpassed. The next level to watch is the neckline, and if it can be broken, the price could go “vertical” towards $200,000 – a new all-time high. While Bitcoin is currently trading at $66,972, the analyst has previously projected even higher price targets, indicating that $200,000 may be a conservative estimate. Additionally, the analyst has predicted that Bitcoin could reach a peak of $300,000 in its upcoming price discovery phase.
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Bitcoin Price To Go ‘Vertical’ Towards $200,000 As Crypto Analyst Points Out Massive Cup And Handle Pattern
