A popular crypto analyst thinks historical patterns suggest Bitcoin (BTC) could be on the verge of a huge breakout.

“I think we are most similar to the 2017 cycle, which means we could be in the middle of a massive rampage that could take us to $50,000 if history repeats. Remember, then it takes a breather, then it goes down the hill again for a month or two, three/four months, then it goes back up again.” 

Quoting TATrader_Alan, "Bitcoin tends to reach +730% above the POC in Volume profile within the having cycle. If BTC chooses to do the same in the next halving, it will reach 200k in 2024 April."

Learn more about your ad choices. Visit megaphone.fm/adchoices