502: BITCOIN NEXT TOP COULD BE $306,000, KRAKEN RESEARCH SUGGEST!! $1 MILLION BTC PRICE PREDICTION!!

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

English - March 06, 2021 14:38 - 19 minutes - 9.72 MB - ★★★★ - 537 ratings
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Previous Episode: 501: TOP NEW YORK EXECUTIVE SEES BITCOIN AT $150K BY END OF THIS YEAR!! SUPER BULLISH BTC PREDICTIONS!!

Next Episode: 503: MICROSTRATEGY’S MASSIVE PREMIUM IMPLIES $122K BITCOIN PRICE, SAYS INVESTMENT FIRM SHORT ON MSTR!!

Analysis of Bitcoin (BTC) price action dating back to 2011 suggests the coin price could next top out somewhere between $75,000 and $306,000, research from Kraken shows.

Based on one reading of a logarithmic growth curve that connects historical tops and bottoms, a coin price of $75,000 would signal Bitcoin’s entry into overbought territory, marking the end of its current bull run.

“Based on previous cycles, Bitcoin could likely continue appreciating gradually in price before ultimately going parabolic and hitting resistance, which will signal the end of its fourth bull market cycle,” the report states.

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