Bitcoin On Track For $92,000 ‘Bounce’ In 3 Months, Analyst Predicts

Bitcoin (BTC) appears to be bouncing off its summer slumber, say analysts who believe the asset could rebound in the coming months. Recent technical indications and charts suggest that BTC could be on the cusp of a significant price move. The cryptocurrency is geared for a bounce that could take the asset far beyond $92,000, despite recent losses.

Short-Term Projection

Bitcoin’s immediate technical projection points to a possibly positive trend. Right now, Bitcoin is selling 39.27% below its projected price for next month, according to CoinCheckup. Still, an increase is seen in the coming week; short-term signs suggest a possible comeback.

With forecasts of a 70.68% gain, this momentum might open the path for significant price rise over the next three months. These short-term signs could point to a buying opportunity before a bigger rise starts.

Past Performance And Forecasts

This price movement of Bitcoin coincides with trends that have been exhibited during past halving events. According to popular analyst Titan of Crypto, the current trend goes in line with most the previous trends, especially the post-halving periods that have been the source of various significant movements.

#Bitcoin Rally Imminent?