Crypto analyst Minga has predicted that the Bitcoin price could rally past $120,000 to a new all-time high (ATH) of $190,000 in the next bull cycle. The analyst also indicated that now is a good time to buy as BTC approaches a bottom.
Analyst Gives Buy Signal as Bitcoin Price Approaches Bottom
In an X post, Minga said that the Bitcoin price is approaching a macro bottom and that this is the phase of the cycle where every dip becomes an opportunity to buy and accumulate long-term holdings. The analyst opined that BTC may tap the $58,900 to $54,500 region at a minimum this cycle, and that this area has been a point of interest (POI) for spot buying.
Minga revealed that he still expects a potential move down to $37,000 for the Bitcoin price in a max-pain scenario. However, he noted that the idea behind spot buying is not
Continue reading
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!