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2 hours ago
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BULLISH 📈 : Bitcoin poised for surge if it holds above $74,400

Crypto analyst Gert van Lagen has identified a crucial level for Bitcoin at $74,000, which could determine its next price movement. This support zone is essential for maintaining a bullish market structure.

Critical Support Level

  • Lagen's analysis shows Bitcoin in a corrective phase labeled as Wave IV.
  • The $74,400 level is critical for preventing an extended bear market.
  • A deep retracement to mid-$70,000s mimics past patterns, suggesting potential for upward movement.
  • Maintaining above $74,000 keeps the bullish outlook; a break below necessitates reevaluation.

Bitcoin Chart

Future Projections

  • If the $74,400 support holds, it could mark the start of a new impulsive rally (Wave V).
  • Price may reach $260,000 to $320,000, aligning with sub-wave 3, followed by a push towards $400,000.
  • This would represent a surge of over 410% from current levels around $78,000.

Bitcoin Projection