{"id":634976,"date":"2024-08-13T05:00:40","date_gmt":"2024-08-13T05:00:40","guid":{"rendered":"https:\/\/wncen.com\/?p=634976"},"modified":"2024-08-12T16:40:57","modified_gmt":"2024-08-12T16:40:57","slug":"is-now-the-time-to-buy-bitcoin-top-analysts-predict-150k-surge-on-the-horizon","status":"publish","type":"post","link":"https:\/\/wncen.com\/bitcoin-news\/is-now-the-time-to-buy-bitcoin-top-analysts-predict-150k-surge-on-the-horizon\/","title":{"rendered":"Is Now the Time to Buy Bitcoin? Top Analysts Predict $150K Surge On The Horizon"},"content":{"rendered":"<p>Bitcoin, the largest cryptocurrency by market cap appears to have &#8220;bottomed out&#8221; \u00a0and is now <a href=\"https:\/\/twitter.com\/CryptoFaibik\/status\/06283076?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">poised<\/a> to surge above $150,000, according to prominent crypto analyst Captain Faibik.<\/p>\n<p>This insight from the analyst comes as Bitcoin currently sees a sign of rebound, reclaiming the $60,000 mark following its recent plunge below $59,000.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/fibonacci-extension-bitcoin\/\" target=\"_blank\" rel=\"noopener \">Legendary Fibonacci Extension Reveals When Bitcoin Will Reach $109,000<\/a><\/div>\n<h2>A $150,000 Surge On The Horizon<\/h2>\n<p>In his recent post on X, Captain Faibik disclosed a distinct pattern known as the Descending Broadening Wedge found on the BTC chart. This technical pattern typically indicates<a href=\"https:\/\/wncen.com\/news\/bitcoin\/fibonacci-extension-bitcoin\/\" target=\"_blank\" rel=\"noopener \"> bullish potential<\/a>, suggesting that\u00a0<span style=\"margin: 0px;padding: 0px\">an upward breakout is highly probable after a period of price declines and\u00a0<a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-to-rally-to-250000-if-this-condition-is-met-analyst-says\/\" target=\"_blank\" rel=\"noopener \">increasing volatility<\/a><\/span>.<\/p>\n<figure style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GUrvnshXwAA6jHq?format=jpg&amp;name=medium\" alt=\"Descending Broadening Wedge pattern on Bitcoin chart\" width=\"1200\" height=\"573\"><figcaption class=\"wp-caption-text\">Descending Broadening Wedge pattern on Bitcoin chart. | Source: Captain Faibik on X<\/figcaption><\/figure>\n<p>Faibik elaborates that we are currently in what he describes as the &#8220;Accumulation phase,&#8221; which historically precedes significant bullish rallies.<\/p>\n<p>This phase is characterized by investors purchasing the asset at <a href=\"https:\/\/wncen.com\/news\/bitcoin-exchange-outflows-soar-to-yearly-high-could-this-fuel-a-return-to-70000\/\" target=\"_blank\" rel=\"noopener \">lower prices<\/a>, gearing up for anticipated future gains. The sentiment is supported by the severe price drops in altcoins, with a 60-70% decline since March 2024.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Since the March 2024 high, the Markets have been moving in a Descending Broadening Wedge Pattern.<\/p>\n<p>We are currently in the Accumulation phase, just before the Next Massive Bullish Rally.<\/p>\n<p>Most altcoins are down 60-70% since the March high, and I know Altcoin holders are\u2026 <a href=\"https:\/\/t.co\/ttWsBwMbOJ\" target=\"_blank\" rel=\"noopener nofollow\">pic.twitter.com\/ttWsBwMbOJ<\/a><\/p>\n<p>\u2014 Captain Faibik (@CryptoFaibik) <a href=\"https:\/\/twitter.com\/CryptoFaibik\/status\/06283076?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">August 11, 2024<\/a><\/p><\/blockquote>\n<p>Captain Faibik is optimistic about Bitcoin\u2019s <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-death-cross-threatens-to-trigger-crash-if-price-does-not-hold-62000\/\" target=\"_blank\" rel=\"noopener \">price trajectory<\/a>, drawing parallels to previous cycles. He recalls the period around August-September 2023 when BTC traded between $17,000 and $18,000. According to Faibik, those who heeded his advice to buy during that time saw Bitcoin&#8217;s value soar to $74,000.<\/p>\n<p>Revealing the current outlook, Faibik noted:<\/p>\n<blockquote><p>Now, I&#8217;m telling you again to Accumulate. Bitcoin will likely surpass $150k this time. Keep accumulating the dips and Building your Portfolio for the 2024-25 bullrun.<\/p><\/blockquote>\n<h2>Bitcoin Rainbow Chart Outlook<\/h2>\n<p>Echoing Fabric\u2019s analysis, another analyst, Lark Davis, <a href=\"https:\/\/twitter.com\/TheCryptoLark\/status\/44101631?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">points<\/a> to the Bitcoin Rainbow chart, which currently shows Bitcoin in the &#8220;accumulation zone.&#8221;<\/p>\n<figure style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GUyf-aKXMAEbEfJ?format=jpg&amp;name=medium\" alt=\"Bitcoin Rainbow Chart. \" width=\"1200\" height=\"650\"><figcaption class=\"wp-caption-text\">Bitcoin Rainbow Chart. | Source: <a href=\"https:\/\/twitter.com\/TheCryptoLark\/status\/44101631?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">Lark Davis on X<\/a><\/figcaption><\/figure>\n<p>Based on historical data, investors use this tool to gauge\u00a0<a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-trims-gains-58k\/\" target=\"_blank\" rel=\"noopener \">market sentiment<\/a> and potential price movements. According to Davis, if BTC reaches the &#8220;FOMO Intensifies&#8221; zone, as it did in the last cycle, it could skyrocket to between $150,000 and $190,000.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-trims-gains-58k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Price Trims Gains: Is the Rally Losing Steam?<\/a><\/div>\n<p>Davis advises investors to consider accumulating BTC during these dips, suggesting that we are in an optimal phase for building positions in anticipation of the next market surge.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The Bitcoin Rainbow chart shows that <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">$BTC<\/a> is currently in the accumulation zone.<\/p>\n<p>Last cycle, we topped in the &#8220;FOMO Intensifies&#8221; zone.<\/p>\n<p>If we reach that zone this cycle, <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">$BTC<\/a> could go anywhere between $150K\u2013$190K.<\/p>\n<p>Where do you think we top this cycle? <a href=\"https:\/\/t.co\/STuOwmoN68\" target=\"_blank\" rel=\"noopener nofollow\">pic.twitter.com\/STuOwmoN68<\/a><\/p>\n<p>\u2014 Lark Davis (@TheCryptoLark) <a href=\"https:\/\/twitter.com\/TheCryptoLark\/status\/44101631?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">August 12, 2024<\/a><\/p><\/blockquote>\n<p>Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin, the largest cryptocurrency by market cap appears to have &#8220;bottomed out&#8221; \u00a0and is now poised to surge above $150,000, according to prominent crypto analyst Captain Faibik. This insight from the analyst comes as Bitcoin currently sees a sign of rebound, reclaiming the $60,000 mark following its recent plunge below $59,000. Related Reading: Legendary Fibonacci Extension Reveals When Bitcoin Will Reach $109,000 A $150,000 Surge On The Horizon In his recent post on X, Captain Faibik disclosed a distinct pattern known as the Descending Broadening Wedge found on the BTC chart. This technical pattern typically indicates bullish potential, suggesting that\u00a0an upward breakout is highly probable after a period of price declines and\u00a0increasing volatility. Faibik elaborates that we are currently in what he describes as the &#8220;Accumulation phase,&#8221; which historically precedes significant bullish rallies. This phase is characterized by investors purchasing the asset at lower prices, gearing up for anticipated future gains. The sentiment is supported by the severe price drops in altcoins, with a 60-70% decline since March 2024. Since the March 2024 high, the Markets have been moving in a Descending Broadening Wedge Pattern. We are currently in the Accumulation phase, just before the Next Massive Bullish Rally. Most altcoins are down 60-70% since the March high, and I know Altcoin holders are\u2026 pic.twitter.com\/ttWsBwMbOJ \u2014 Captain Faibik (@CryptoFaibik) August 11, 2024 Captain Faibik is optimistic about Bitcoin\u2019s price trajectory, drawing parallels to previous cycles. He recalls the period around August-September 2023 when BTC traded between $17,000 and $18,000. According to Faibik, those who heeded his advice to buy during that time saw Bitcoin&#8217;s value soar to $74,000. Revealing the current outlook, Faibik noted: Now, I&#8217;m telling you again to Accumulate. Bitcoin will likely surpass $150k this time. Keep accumulating the dips and Building your Portfolio for the 2024-25 bullrun. Bitcoin Rainbow Chart Outlook Echoing Fabric\u2019s analysis, another analyst, Lark Davis, points to the Bitcoin Rainbow chart, which currently shows Bitcoin in the &#8220;accumulation zone.&#8221; Based on historical data, investors use this tool to gauge\u00a0market sentiment and potential price movements. According to Davis, if BTC reaches the &#8220;FOMO Intensifies&#8221; zone, as it did in the last cycle, it could skyrocket to between $150,000 and $190,000. Related Reading: Bitcoin Price Trims Gains: Is the Rally Losing Steam? Davis advises investors to consider accumulating BTC during these dips, suggesting that we are in an optimal phase for building positions in anticipation of the next market surge. The Bitcoin Rainbow chart shows that $BTC is currently in the accumulation zone. Last cycle, we topped in the &#8220;FOMO Intensifies&#8221; zone. If we reach that zone this cycle, $BTC could go anywhere between $150K\u2013$190K. Where do you think we top this cycle? pic.twitter.com\/STuOwmoN68 \u2014 Lark Davis (@TheCryptoLark) August 12, 2024 Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":634982,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,441,629,6848,1119,78790,6664,26263],"class_list":["post-634976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-analysis","tag-bitcoin-market","tag-bitcoin-price-prediction","tag-btc","tag-btcusdt","tag-crypto","tag-crypto-analyst"],"acf":[],"yoast_head":"\n<title>Is Now the Time to Buy Bitcoin? Top Analysts Predict $150K Surge On The Horizon<\/title>\n<meta name=\"description\" content=\"Bitcoin, the largest cryptocurrency by market cap appears to have &quot;bottomed out&quot; \u00a0and is now poised to surge above $150,000, according to...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/bitcoin-news\/is-now-the-time-to-buy-bitcoin-top-analysts-predict-150k-surge-on-the-horizon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Now the Time to Buy Bitcoin? 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/wncen.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Is Now the Time to Buy Bitcoin? 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Is Now the Time to Buy Bitcoin? 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