Based

<ul class="news-points"> 
 <li>According to a crypto analyst, $48K is inevitable for Bitcoin in the current rally.</li> 
 <li>The analyst noted that BTC could break above the $48K level and head toward $60K.</li> 
 <li>Bitcoin price has respected the ABC wave pattern over multiple bull cycles.</li> 
</ul> 
A renowned crypto analyst with the handle @el_crypto_prof on X (formerly Twitter) believes it is inevitable for Bitcoin to rally to $48,000. In a recent post, the crypto analyst noted that the flagship crypto could still break above the $48,000 level and head toward the $60,000 mark. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> $48,000 is inevitable. If this is broken, I even see ~$60,000 for Bitcoin in the near future. In the past, <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> has always returned to wave (B). Why should it be different this time?<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/zGW4yjsfTw" target="_blank" rel="nofollow">pic.twitter.com/zGW4yjsfTw</a>— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f2.png" alt="🧲" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@el_crypto_prof) <a href="https://twitter.com/el_crypto_prof/status/1731995761078837594?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 5, 2023</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
The analyst used historical data from <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/">Bitcoin</a>‘s chart to explain his position. He plotted the ABC wave pattern across several years and multiple bull runs. With the pattern, the analyst showed how Bitcoin’s price movement respected the wave pattern by returning to level (B) in the previous rallies. 
Based on the consistency of the Bitcoin pric…
The post <a href="https://coinedition.com/bitcoins-price-is-inevitably-heading-to-48k-crypto-analyst/">Bitcoin’s Price Is Inevitably Heading to $48K: Crypto Analyst</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin’s Price Is Inevitably Heading to $48K: Crypto Analyst

Coin Edition

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