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Well-known analyst CryptoChan: Bitcoin five-line chart upgraded again, top forecast impact 140,000 dollars
CryptoChan2024/09/25 06:44
By:CryptoChan
Famous crypto analyst CryptoChan recently released the latest five-line chart of Bitcoin, pointing out that the model indicates that the peak of the bull market may approach $140,000. According to him, the construction of the five-line chart is based on a series of on-chain data such as Coin Days Destroyed, Liquid Supply, and Realized Price. The current five key lines show:
- Line 5: $139,735
- Line 4: $88,934
- Line 3: $57,184
- Line 2: $38,133
- Line 1: $25,433
CryptoChan believes that using these historical price clues can help investors evaluate long-term trends in the Bitcoin market, providing strategic guidance for future bull markets. He suggests that investors closely monitor these data to seize upcoming market opportunities.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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