Despite recent fluctuations in the general crypto market, Bitcoin, the flagship digital asset is showing signs of an impending major rally, possibly to a new peak, which indicates a potential positive shift in price movement to the upside.

Bitcoin’s Mega Bull Run Begins To Unfold

Bitcoin is reportedly set for explosive growth as the crypto asset draws closer to the much-anticipated pivotal moment that will send BTC to unprecedented heights. Market expert and trader, Ether Nasyonal identified the positive development, capturing the attention of the crypto community.

According to the market expert, Bitcoin appears to be entering the early stage of a mega bull run, marking a significant moment for the crypto asset. This forecast is consistent with the rising belief that BTC is poised for a breakout, as many analysts and investors anticipate a large increase in the value of the cryptocurrency.

The expert’s prognosis is based on a number of fundamental indicators and historical price trends supported by an analysis of an Elliot wave, a key technical analysis that searches for recurring price patterns in the long term connected to a continuous shift in investors’ mood.

Considering these indicators and trends, Nasyonal noted that one may easily determine the direction of Bitcoin by using the November 2021 candle as a guide. He further highlighted that the candle’s upper zone is situated at $61,352, which is currently experiencing a retest, and the lower zone is at $56,955.

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Author: Godspower Owie