CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CryptoIntelligence 2024-10-01 15:12:00

Bitcoin to Hit $275,000 as Bullish Momentum Builds

After dropping 3.45% on Sept. 30, Bitcoin (BTC) missed out on a monthly bullish engulfing candle for the first time since January 2023, trading at $63,946.64. Despite this setback, a year-long bull flag remains intact for Bitcoin, which will likely undergo a bullish breakout once BTC closes above the $68,000-$70,000 range on the monthly chart. Bitcoin researcher Smithson With presented a new approach to predicting Bitcoin’s cycle top price using a quantile regression model. In a post on X, With explained that quantile regression prioritizes all cumulative BTC data to present quantiles or percentiles. These can be used to study

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.