2 Bitcoin price catalysts that will make breaking $100,000 ‘a minimum expectation’
As Bitcoin (BTC) consolidates below $60,000, a cryptocurrency trading expert has pointed out that the digital asset still has the potential to reach the coveted $100,000 valuation in the near term. This projection is based on Bitcoin’s adherence to structural patterns similar to past cycles, which it has followed with remarkable precision. Notably, the analyst TradingShot , in a TradingView post on September 2, noted that the asset could reach new highs based on technical analysts and exterior catalysts. One of the most critical aspects of the Analysis is the one-week moving average (MA50), which has served as a strong support level during key moments in previous Bitcoin cycles. Notably, cryptocurrency’s price recently tested this level in early August and successfully held above it, aligning with historical patterns seen just before the asset entered a parabolic rally. Picks for you ...