Bitcoin’s Potential Surge to $180,000 in Three Months
- Julien Bittel of Global Macro Investor suggests Bitcoin could see a significant price increase based on an “oversold RSI” roadmap.
- The chart indicates a potential surge to $180,000 within approximately three months after the RSI falls below 30.
- Bittel argues that the traditional four-year cycle is obsolete, predicting the current cycle may extend into 2026.
- He emphasizes that the cycle is driven by public debt refinancing rather than Bitcoin halving events.
Bittel’s analysis suggests Bitcoin’s trajectory might deviate from historical patterns due to changes in macroeconomic factors like debt refinancing cycles. The possibility of reaching $180,000 hinges on the assumption that the bull market continues and the four-year cycle framework no longer applies.
At present, BTC trades at $87,330, with its future movement closely watched by traders and analysts alike as they consider these new insights into market dynamics. (Source)
