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<p>The post <a href="https://coinpedia.org/news/bitcoin-poised-to-surge-138k-in-18-days-based-on-historical-trends/" rel="noopener noreferrer nofollow">Bitcoin Poised to Surge 138K in 18 Days Based on Historical Trends</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Renowned crypto analyst Anthony Pompliano, founder of Pomp Investments, recently pointed to a historical pattern indicating that Bitcoin’s price might hit $138,000 in the next 18 days. With <a href="https://coinpedia.org/news/key-reasons-why-bitcoin-price-will-surge-beyond-70k-this-week/" rel="noopener noreferrer nofollow">Bitcoin recently breaking</a> its all-time high at $69,000, Pompliano suggests a potential doubling, drawing attention to a fascinating trend.</p>
<h2 class="wp-block-heading" id="h-bitcoin-to-hit-138k">Bitcoin to Hit 138K</h2>
<p>During a CNBC appearance, <a href="https://www.youtube.com/watch?v=wrNn5Q-JA48" rel="noopener noreferrer nofollow">Pompliano highlights</a> a noteworthy observation, suggesting that Bitcoin has doubled three out of the past four times it surpassed its all-time high.</p>
<p>Drawing parallels to historical occurrences, he suggests that the current surge could lead to a significant price spike, reaching $138,000.</p>
<p>Breaking an all-time high triggers what Pompliano calls a “price discovery” phase, where the market grapples with determining Bitcoin’s true value. This phase, marked by heightened interest and investment, could pave the way for substantial gains.</p>
<h2 class="wp-block-heading" id="h-caution-amid-optimism">Caution Amid Optimism</h2>
<p>Additionally, he clarified that he wasn’t predicting a precise price but highlighted Bitcoin’s historical trend of doubling within 18 days after breaking previous all-time highs. This, combined with the upcoming Bitcoin reward halving, hints at a possible substantial price surge.</p>
<p>Despite the caution that past performance doesn’t assure future results, Pompliano emphasizes the <a href="https://coinpedia.org/news/crypto-analysts-flash-warning-bitcoin-to-faces-55-crash-amidst-market-turbulence/" rel="noopener noreferrer nofollow">impact of the approaching</a> halving and growing institutional interest.</p>
<h2 class="wp-block-heading" id="h-institutional-impact-nbsp">Institutional Impact&nbsp;</h2>
<p>Recent data shows Bitcoin’s noteworthy growth, up over 15% in the past week and more than 60% in the last month.</p>
<p>Adding to the analysis, Austin Arnold attributed the recent surge to major players like <a href="https://coinpedia.org/news/sec-delays-decision-on-blackrocks-bitcoin-etf-options-trading-until-april-24/" rel="noopener noreferrer nofollow">BlackRock</a> and the emergence of 11 spot Bitcoin ETFs, which have generated substantial demand. The market also expects a supply disturbance due to the upcoming Bitcoin halving in about 40 days.</p>
<h2 class="wp-block-heading" id="h-bitcoin-price-movement-nbsp">Bitcoin price Movement&nbsp;</h2>
<p>As of now, following the recent all-time high of $69,000, Bitcoin has retraced to <a href="https://markets.coinpedia.org/bitcoin/?_gl=1*1f249rd*_ga*NTQzNDc3MzQ4LjE2OTcxODMzODc.*_ga_RE1GG3FGQW*MTcwOTg4MDIyMy4xMjQuMS4xNzA5ODgxNjQ3LjYwLjAuMA" rel="noopener noreferrer nofollow">around $67,300</a>, representing a 0.75% increase for the day.&nbsp;</p>
<p>Meanwhile, Bitcoin’s recent price movement has placed its market capitalization at $1.32 trillion. So far this year, Bitcoin has experienced a change of 59.33%.</p>

Bitcoin Poised to Surge 138K in 18 Days Based on Historical Trends

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