The Ultra-Bullish Predictions for Bitcoin’s Future Trajectory

In a recent analysis, crypto analyst Quinten François has provided an ultra-bullish narrative for the future trajectory of Bitcoin. He suggested that Bitcoin could potentially rise to as high as $4.5 million. François highlighted the significance of Bitcoin’s fourth halving, claiming that the “fireworks” were just about to begin for the flagship cryptocurrency. According to the analyst, Bitcoin is currently at the bottom of the range of a growth pattern, and if this fourth halving were to follow the same growth rate as previous market cycles, Bitcoin could be worth between $140,000 and $4.5 million going forward.

François noted that the potential move for Bitcoin is starting at the range bottom of $63,000, indicating that the fireworks are just about to start for the cryptocurrency. However, from the chart shared by the analyst, it is unlikely that Bitcoin’s impressive growth to $4.5 million will occur in this current bull run. François predicts that Bitcoin could peak at around $1 million if it were to mirror the trajectory after the first halving. Additionally, Bitcoin could potentially rise to $4.5 million by 2028 if it continues to mirror the price action following the first halving.

Comparing Halving Scenarios

François also discussed how Bitcoin’s fourth halving mirroring the second or third halving will result in lower price moves for the cryptocurrency. He predicts that Bitcoin could rise to as high as $400,000 or $280,000 if it follows the second or third halving, respectively. Based on the trajectory of the second and third halving, Bitcoin could potentially rise to as high as $1 million or $800,000 by 2028.

According to recent analyses by different crypto analysts, Bitcoin could soon resume its upward trend. Analyst Ali Martinez mentioned that retail investors are returning to the Bitcoin ecosystem, with new Bitcoin addresses hitting a four-month high of 432,026. This influx of new investors could lead to price discovery for Bitcoin and potentially trigger a rally as these investors accumulate more of the cryptocurrency.

Analyst Mikybull Crypto also predicted that Bitcoin is set to rise higher. He highlighted that Bitcoin had completed its inverse head-and-shoulder pattern on the daily chart and pointed out that the Moving Average Convergence/Divergence (MACD) indicator suggests an imminent bullish cross, indicating strength for the flagship cryptocurrency. Additionally, Mikybull Crypto revealed that Bitcoin’s CME gap has been filled, further supporting the bullish sentiment surrounding Bitcoin’s future trajectory.

While the ultra-bullish predictions for Bitcoin’s future trajectory are exciting, it is important to approach such analyses with caution and consider various factors that could impact the cryptocurrency market. As always, it is advisable to conduct thorough research and consult multiple sources before making any investment decisions in the volatile crypto space.