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RealVision Analyst: Based on historical bull market patterns, Bitcoin is expected to rise to $150,000 by the end of the year

Bitget2024/08/27 04:52

RealVision analyst Jamie Coutts posted on X, stating that "unless there is a fundamental change", the price trend of Bitcoin will still enter the "batshit season", also known as the Banana Zone, a term created by RealVision founder Raoul Paul. In the attached chart, Coutts pointed out that in the previous two bull market cycles, Bitcoin reached its respective historical highs within 365 days after the local US dollar index peaked. He stated that if Bitcoin follows the previous bull market pattern, by the end of this year, Bitcoin could surge over 100% from a price of $64,000 to reach a high of $150,000.

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