Bitcoin Analyst Sees “Aggressive” Bull Run Towards $64,000; Here’s Why

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Bitcoin prices could undergo an aggressive bull run in the coming sessions, with their upside price targets lurking anywhere between $60,000 and $64,000. The bullish analogy comes from TradingShot, an independent analytics firm known for accurately predicting Bitcoin’s previous close above $50,000. Their analyst noted that BTC/USD has been trading inside an ascending channel range, defined by an upper trendline resistance, a median, lower trendline support. He spotted a fractal pattern. Of late, Bitcoin typically pullbacks after testing the Channel’s upper trendline to test the median line as support. Later, the cryptocurrency breaks bearish towards the Channel’s lower trendline—the so-called “Support Base,” before retracing its move upward to retest the media, this time as resistance. Bitcoin bounces off 200-MA support on a four-hour chart. Source: BTCUSD on In 2021, Bitcoin is reiterating the fractal. The cryptocurrency has just bounced off the support base after correcting 21 percent from the…

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