Analyst Predicts Four Months of Growth Opportunity for Bitcoin

Bitcoin's price has declined from its all-time high of $111,814, recently hitting around $101,000. Although it has recovered to approximately $104,400, concerns linger regarding its performance post-peak.

Analyst Insights

Joao Wedson predicts a potential four-month growth opportunity for Bitcoin.
This is based on the Max Intersect SMA Model, which accurately identified past cycle peaks.
The model suggests Bitcoin could reach a new high if it follows historical patterns.
The next significant peak target is $69,000, indicating a delay in reaching this cycle's top.

Current Market Performance

BTC has increased by 0.2% over the last week.
In the past 24 hours, BTC rose over 2%.
Current valuation stands at approximately $104,400.