CryptoIntelligence
2024-10-01 15:12:00

Bitcoin to Hit $275,000 as Bullish Momentum Builds

After dropping 3.45% on Sept. 30, Bitcoin (BTC) missed out on a monthly bullish engulfing candle for the first time since January 2023, trading at $63,946.64. Despite this setback, a year-long bull flag remains intact for Bitcoin, which will likely undergo a bullish breakout once BTC closes above the $68,000-$70,000 range on the monthly chart. Bitcoin researcher Smithson With presented a new approach to predicting Bitcoin’s cycle top price using a quantile regression model. In a post on X, With explained that quantile regression prioritizes all cumulative BTC data to present quantiles or percentiles. These can be used to study

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