Crypto Analyst Quinten François provided an ultra-optimistic narrative for the Bitcoin’s Future Trajectory. The analyst suggested that things are about to get interesting for the leading cryptocurrency, predicting that it could reach $4.5 million.
The “Fireworks” Are About to Begin for Bitcoin
By highlighting the importance Bitcoin’s fourth halvingQuinten stated that the “fireworks” were about to begin for Bitcoin. The crypto analyst noted that BTC was currently at the bottom of the range of a growth pattern, which it could enjoy if this fourth halving follows the same growth rate as previous market cycles.
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![Analyst Says Bitcoin Is Bottoming Out, “Just Before the Fireworks” 1 Bitcoin](https://thegurumedia.com/wp-content/uploads/2024/07/Bitcoin_8b35f0.png)
If this happens, Quinten claims that Bitcoin could be worth between $140,000 and $4.5 million going forward. He noted that this potential move for BTC is starting in the lower range at $63,000then he noted that fireworks are about to begin for major crypto.
From the chart shared by Quinten, Bitcoin’s impressive rise to $4.5 million is not expected to happen this year. bull run. He predicts that Bitcoin could peak at around $1 million if it mirrors Bitcoin’s trajectory after the first halving. Meanwhile, Bitcoin could eventually rise to $4.5 million by 2028 if it continues to mirror the price action after the first halving.
Furthermore, BTC’s fourth halving, mirroring the second or third halving, will bring lower price movements for the leading cryptocurrency. Quinten predicts that Bitcoin will rise to $400,000 or $280,000 if it follows the second or third halving, respectively. Meanwhile, based on the second and third halving trajectories, Bitcoin could rise to up to US$ 1 million or US$800,000 by 2028.
It’s time for BTC to resume its upward trend
Based on recent analysis by different crypto analysts, Bitcoin could resume its upward trend soon. Crypto Analyst Ali Martinez mentioned that small investors are returning to Bitcoin Ecosystemwith new Bitcoin addresses hitting a four-month high of 432,026. This could put the flagship crypto into price discovery and lead to a rally as these investors accumulate Bitcoin.
![Analyst Says Bitcoin Is Bottoming Out, “Just Before the Fireworks” 2 Bitcoin2](https://thegurumedia.com/wp-content/uploads/2024/07/Bitcoin-2-1.png)
Crypto Analyst Mikybull Crypto also recently predicted that BTC is set to rise further. He stated that the leading crypto had completed its inverse head and shoulders pattern in the diary and noted that Bitcoin Moving Average Convergence/Divergence (MACD) The indicator suggests an imminent bullish cross, which indicates strength for the leading cryptocurrency.
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Meanwhile, Mikybull Crypto revealed that Bitcoin CME gap It has been filled. This is significant as a crypto expert Michael van de Poppe predicted that Bitcoin could witness a recovery from its current price levels once the CME gap is closed.
At the time of writing, Bitcoin was trading at around $60,600, down more than 3% in the past 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com