Bitcoin (BTC) has been struggling to break through the crucial $30,000 price level in recent weeks, despite gaining renewed support from factors such as the United States banking crisis.
As the maiden cryptocurrency experiences a lackluster performance, market analysts are closely monitoring its next price trajectory, especially regarding the next all-time high.
In particular, El_crypto_prof, a pseudonymous crypto analyst who took to Twitter on May 13, suggested that Bitcoin’s price action follows a pattern of higher highs and higher lows that often leads to a parabolic rally. This means that as the cryptocurrency’s value increases, it tends to surge even faster, resulting in exponential growth.
Based on this pattern, the analyst suggested that Bitcoin could achieve a new all-time high before 2025. This is because the cryptocurrency has been consistently exhibiting a series of higher lows over the past few months, which could indicate that it is on track to establish a new high
We współpracy z: https://finbold.com/this-is-when-bitcoin-could-reach-a-new-all-time-high/
