2024

when

Propel

Coin

<ul class="news-points"> 
 <li>Bitcoin’s trajectory suggests a move to $200K within 1-3 months after breaking the $62.3K mark.</li> 
 <li>Halving events historically correlate with bullish price movements in Bitcoin, driving exponential surges.</li> 
 <li>The psychological impact of halving events can lead to increased volatility and higher market risk.</li> 
</ul> 
<a href="https://coinedition.com/bitcoin-btc-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin’s surge</a> past the $50K mark has ignited enthusiasm among investors, with many eyeing even loftier targets soon. According to analyst Gert van Lagen, the asset’s trajectory, especially concerning historical patterns, indicates a move toward the $200K mark within the next 1-3 months. This follows a breakout above the 1.618 bear market extension at $62.3K. This pattern, observed over previous cycles, points to a consistent topping at the 2.272 extension within a similar timeframe. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 History: when <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> broke the 1.618 bear market extension, it always topped at the 2.272 extension within 1-3 months. Extrapolation: when <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> breaks the 1.618 at $62.3k, within 1-3 months price already tops at ~$200k (2.272). Legenda: <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f7e2.png" alt="🟢" class="wp-smiley" style="height: 1em; max-height: 1em;"> Struggle to overcome the 0.618-0.786… <a href="https://t.co/oMoWXtv6A9" target="_blank" rel="nofollow">pic.twitter.com/oMoWXtv6A9</a>— Gert van Lagen (@GertvanLagen) <a href="https://twitter.com/GertvanLagen/status/1757703233483497741?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 14, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
Several things fuel this sor…
The post <a href="https://coinedition.com/unlocking-bitcoins-potential-halving-event-set-to-propel-price-to-200k/">Unlocking Bitcoin’s Potential: Halving Event Set to Propel Price to $200K?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Unlocking Bitcoin’s Potential: Halving Event Set to Propel Price to $200K?

Coin Edition

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