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<p>The post <a href="https://coinpedia.org/news/bitcoin-price-correction-completed-top-crypto-analyst-predicts-btc-rally-to-100k/">Bitcoin Price Correction Completed: Top Crypto Analyst Predicts BTC Rally to $100K!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Bitcoin’s price behavior following halving events has been a subject of keen interest among investors and analysts alike. Prominent crypto trader Captain Faibik revealed <a href="https://coinpedia.org/price-analysis/bitcoin-price-rally-ahead-as-analysts-predict-15-20-surge-after-upside-breakout/">bold predictions about Bitcoin’s</a> trajectory, suggesting that the correction phase is complete and a bullish surge towards the coveted $100k mark is on the horizon.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-bitcoin-eyes-for-100k">Bitcoin Eyes For $100k</h2> 
<p>According to the Crypto Faibik analysis, the 1-week BTCUSDT chart highlights the formation of a parabolic curve, typically suggesting an upward movement if a breakout occurs. This <a href="https://coinpedia.org/price-analysis/legendary-investor-makes-bold-prediction-says-bitcoin-to-skyrocket-to-6-8-million/">bullish signal is further </a>endorsed by the identification of key bases within the chart, particularly Base 3 and Base 4.&nbsp;</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Correction is Complete. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Now, Bullish Rally towards 100k is incoming. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f51c.png" alt="🔜" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Fasten your seat belts. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> <a href="https://t.co/YfiXXABswE">pic.twitter.com/YfiXXABswE</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1781902829185057243?ref_src=twsrc%5Etfw">April 21, 2024</a>
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<p>As per Faibik’s analysis, Base 3 indicates that the stock could double in a short period. Similarly, Base 4 exhibits similar indications, potentially propelling Bitcoin’s price to near $100,000 sooner rather than later.</p> 
<p>However, on a cautionary note, crypto analyst Faibik warns that the price of Bitcoin may experience a downturn after hitting $100,000. This could be attributed to profit-taking by investors, leading to a price correction.</p> 
<h2 class="wp-block-heading" id="h-historical-performance">Historical Performance</h2> 
<p>Similarly, well-known Crypto trader Crypto Tea is among those hinting at a bullish rally for Bitcoin, drawing parallels with previous Bitcoin halving events that triggered significant price surges.&nbsp;</p> 
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   <p lang="en" dir="ltr">Bitcoin did 92X after the 2012 halving<br><br>30X after the 2016 halving<br><br>8X after the 2020 halving<br><br>what do you think happens next? <a href="https://t.co/Y5qgu0zNlJ">pic.twitter.com/Y5qgu0zNlJ</a></p>— Crypto Tea (@CryptoTea_) <a href="https://twitter.com/CryptoTea_/status/1781901707607191822?ref_src=twsrc%5Etfw">April 21, 2024</a>
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<p>Looking back at history, the 2012 halving marked the beginning of Bitcoin’s meteoric rise, propelling its price by a staggering 92X post-halving. Subsequent halving events in 2016 and 2020 saw notable increases of 30X and 8X respectively.</p> 
<h2 class="wp-block-heading" id="h-looking-ahead">Looking Ahead</h2> 
<p>Against this backdrop of past successes, Crypto Tea anticipates another surge in Bitcoin’s price. However, the extent of this surge post-halving remains to be seen, adding an element of intrigue to the unfolding market dynamics.</p> 
<p>With Bitcoin currently trading <a href="https://markets.coinpedia.org/bitcoin/?_gl=1*nmles*_ga*NTQzNDc3MzQ4LjE2OTcxODMzODc.*_ga_RE1GG3FGQW*MTcxMzU4Njg3Ni4xNjUuMS4xNzEzNTg5NDQzLjU1LjAuMA..">around $65,094.87</a>, the anticipated rally towards $100,000 represents a significant price increase, potentially unlocking new highs for the leading cryptocurrency.</p>

Bitcoin Price Correction Completed: Top Crypto Analyst Predicts BTC Rally to $100K!

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