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A well-known cryptocurrency expert has outlined a roadmap for Bitcoin (BTC) to reach a new record high. In a recent YouTube , InvestAnswers’s host, confidently predicts that $100,000 is an easily attainable target for in its upcoming bullish phase. This analyst asserts that the likelihood of Bitcoin reaching $45,000 before Christmas is strikingly apparent and suggests that even hitting $50,000 is quite plausible. By analyzing Bitcoin’s historical patterns following its previous three events, the trader observed an average duration of 175 days for the leading to reach new peak values. Considering Bitcoin’s upcoming slated for April 17th, the analyst anticipates the 175-day mark afterward—October 8th, 2024—expecting Bitcoin to hit $69,000 or possibly even earlier. Based on data from crypto market intelligence firm K33 Research, the InvestAnswers presenter highlights Bitcoin’s accelerated recovery compared to past cycles, depicting this phase in the cycle as marked by a higher and quicker ascent. This analysis strengthens the narrative of an extraordinary bull run for Bitcoin. As of the current moment, Bitcoin is valued at $43,828. Although the cryptocurrency has surged by over 164% since the start of 2023, it remains approximately 36% below its peak of over $69,000 recorded in November 2021.
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