Pseudonymous analyst CryptoCon is confident Bitcoin will surge 25% above current all-time highs — its next big “step” before cracking the cycle’s top of $123,982.
The Federal Reserve’s “hawkish tone” has not swayed a technical analyst’s prediction that Bitcoin (BTC) will soon surge almost 25% above its all-time high of $73,679 — the “next step” before eventually reaching the cycle’s peak of $123,832.
“$91,539 target left untouched and unchanged for Bitcoin,” pseudonymous technical analyst CryptoCon wrote in a June 12 X post just hours after the release of the Federal Reserve’s meeting minutes decided to maintain the interest rate and plans to reduce from three much hoped for rate cuts to just one this year.
CryptoCon supported their Bitcoin prediction using the “Magic Bands” model, which breaks up the cycle into different levels based on previous cycle peaks and bottoms to predict future prices.
