Bitcoin is reportedly in its bottom phase, setting the stage for a potential breakout to new highs, according to analyst Javon Marks. Marks' analysis suggests that Bitcoin could surge to $126,200, driven by a pattern of higher highs and consolidation. This setup often precedes significant price movements, indicating that Bitcoin may be ready for an upward trajectory. The cryptocurrency has been consolidating after a series of rallies, with each peak followed by sideways movement. This pattern suggests the market is absorbing selling pressure and preparing for a bullish move. Traders are closely watching Bitcoin's support levels, as maintaining these could lead to a breakout and a new all-time high. If the current conditions hold, Bitcoin could see a substantial price increase in the coming weeks.
Analyst Predicts Bitcoin Surge to $126,200 Amid Bottom Phase
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