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- 🚀 XXX,000 is our Bitcoin Price Target for this Bull Market
🚀 XXX,000 is our Bitcoin Price Target for this Bull Market
Institutional Crypto Research Written by Experts
Markus Thielen
March 13, 2024
On February 11, when Bitcoin had just rallied from 40,000 to 48,000, and the RSI (relative strength index) hit a massive overbought reading of 81%, our analysis indicated that Bitcoin tends to rally by +19% over the next month and +54% over the next two months. This analysis would have projected a rally to 74,611 by April 11, 2024.
It sounded optimistic at the time, but the stats were convincing. This report has some new stats for you.This current rally is undoubtedly on par with the 2020/2021 bull market, which initially peaked in April 2021. From that point onwards, the DeFi summer tokens all crashed. Every Bitcoin bull market has a new narrative and driver, and the demand vs. supply imbalance through the Bitcoin Spot ETFs is front and center in this one.
But this Bitcoin bull market is not over. Below, we explain what could happen next, when, and how high prices might rally.
Bitcoin is making a new high for the first time in this bull market (grey bar)
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