Bitcoin will mark a historical maximum in 3 days or before, if this pattern is repeated
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47 days have passed since the most recent historical maximum of Bitcoin.
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These statistical patterns serve to make projections, but they are not infallible.
If the euphoria of investors feed on signals, here is a powerful: Bitcoin (BTC) is about to mark a new historical maximum (ATH), if the story is repeated again.
Now, when could the $ 112,000 mark exceed? A statistical pattern suggests that The rupture could occur within the next three days.
In the following graphic of Cryptoquant, an analysis firm ON-CHAINthe relationship between the price of BTC and the number of days elapsed since its last historical maximum is observed.
Every time Bitcoin marked a new historical maximum and did not suffer a correction of more than 20% in the 50 days, another ATH was recorded.
As Cryptonoticias has reported, BTC’s last maximum was recorded on May 22. In other words, from that date until July 8, 47 days have passed and so far no drop in the price (black line) has been recorded. Although this pattern is not infallible, it suggests that a new AT could be close.
Each blue line represents how many days have passed since the currency created by Satoshi Nakamoto reached its ATH. When the price exceeds that level, the line is restarted to zero and begins to count again. This pattern is repeated over time, marking the different market cycles.
Cryptoquant’s graphic coincides with the vision of Willy Woo, professional analyst and trader, who points out that “we are in the final phase of the upward cycle.”
For him, there are signs that more liquidity is entering the system, which has been the prelude to strong upward movements.
According to its projection, the BTC price will exceed in the short term the barrier of $ 112,000 and will quickly climb to the level of $ 118,000.
