Trader issues most bullish Bitcoin (BTC) price target ahead of halving
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In his analysis, he partitioned the growth phase of Bitcoin into five major phases. He believes the coin is currently in the third phase. From here, he believes the coin might face a retracement before triggering its parabolic fourth and fifth growth phases. On a bullish note, he said the current third phase might be the most bullish, with a vertical rally in the current blow-off phase.for the price of Bitcoin prior to halving cycles, the underlying fundamentals are notably similar, with deep roots in the spot Bitcoin ETF-triggered supply crunch. . With most Bitcoin scooped off of crypto trading platforms, the BTC halving will reduce daily emissions to 450 coins, triggering an unprecedented increment movement in the price.
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