With Bitcoin’s recent value surge, prominent cryptocurrency analyst and trader Javon Marks anticipates a promising future for BTC. He forecasts an 18% price increase that could propel Bitcoin to new highs following a breakout from a bullish pennant pattern.
Potential Price Range of Bitcoin’s Next Move
Javon Marks’ prediction suggests that Bitcoin’s value might surge to unprecedented levels, positioning it as a lucrative asset in the dynamic cryptocurrency landscape.
Recent observations by Javon Marks indicate a potential breakout from the bullish pennant pattern, which could lead to a 17.1% price surge, aiming for the $80,000 range.
In a subsequent analysis, Marks noted Bitcoin’s hesitance to break out from the bullish pennant pattern, foreseeing a near 18% increase in price towards the $80,000s in the near future. Today, the analyst confirms the breakout, emphasizing the quick pace of the anticipated 18% surge.
Javon Marks is particularly optimistic about Bitcoin, envisioning a potential rise to $116,652 and beyond. According to the analyst, this upward movement is likely to unfold sooner than expected, hinting at significant developments underway.
Pattern Breakout After 18-Day Consolidation
Another cryptocurrency expert, Captain Faibik, echoes Marks’ sentiments on Bitcoin’s potential breakout from the bullish pennant formation after 18 days of consolidation. This breakout could pave the way for a new all-time high in the coming days.
Presently, Bitcoin’s price stands at $70,000, marking a 1.41% increase with a market capitalization exceeding $1.38 trillion. While the price trend appears positive, the trading volume has dipped by more than 8% in the last 24 hours.
