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CoinGape

Bitcoin’s current cycle and crypto bull run are far from being over, says analyst Lark Davis

CoinGape
Summary
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65% Informative

Analyst Lark Davis says Bitcoin 's current cycle and crypto bull run are far from being over.

Davis argues that BTC price will likely go much higher than $100,000 , potentially reaching $ 250,000 or more.

Several on-chain and technical indicators suggest Bitcoin is still undervalued and has room for further growth in this cycle.

Bitcoin 's recent 13% dip resembles the market dynamics of December 2020 , says Davis .

Bitcoin could peak in March or April 2024 , possibly reaching $ 250,000 or even higher, says investor.

He was basing his prediction on chart patterns, including the narrowing gap in the Pi Cycle Top Indicator.

Davis warns traders to stay cautious while still optimistic.

At the time of writing, the price of Bitcoin was $ 96,924 , down by 1.77% .

VR Score

50

Informative language

42

Neutral language

57

Article tone

formal

Language

English

Language complexity

46

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not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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