RealVision analyst Jamie Coutts said in an X post that "barring a fundamental change," Bitcoin's price movement will still enter a "batshit season," also known as the Banana Zone, a term coined by RealVision founder Raoul Paul.
In the accompanying chart, Coutts points out that during the first two bull cycles, Bitcoin reached their respective all-time highs within 365 days after the local dollar index peaked.
He said that if Bitcoin follows the previous bull market pattern, it could surge more than 100 percent from $64,000 to a high of $150,000 by the end of the year.
RealVision Analyst: Based on the historical bull market pattern, Bitcoin is expected to rise to $150,000 by the end of the year
2024-08-27 04:31:26
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