A historically accurate Bitcoin price indicator suggests that BTC could reach a price range of $174,000 to $462,000 within the next 24 months. On October 29, Bitcoin achieved its highest three-day candle close at $72,724, an increase of 8.75% in just 24 hours. This indicates a potential return on investment of 145% to 530% over the next year. The price has been consolidating for seven months, and analysts expect a breakout leading to new all-time highs. Fibonacci retracement levels support price targets of $173,088 (1.618) and $458,319 (2.272). Historical data shows Bitcoin peaks have consistently occurred between these Fibonacci levels since 2013. Additionally, the $86,200 mark is identified as a crucial level for Bitcoin bulls, as historical trends suggest that breaks above this level can lead to significant rallies. Axel Adler Jr. notes that if Bitcoin prices surpass this point and generate strong bullish momentum, a major upward movement could unfold, fulfilling long-awaited expectations.

Source 🔗