NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round

Is Now the Time to Buy Bitcoin? Top Analysts Predict $150K Surge On The Horizon

Samuel Edyme
Samuel Edyme
1 year ago
3 mins read
Is Now the Time to Buy Bitcoin?

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin, the largest cryptocurrency by market cap appears to have “bottomed out”  and 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

bitcoin

Legendary Fibonacci Extension Reveals When Bitcoin Will Reach $109,000

1 year ago

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 an upward breakout is highly probable after a period of price declines and increasing volatility.

Descending Broadening Wedge pattern on Bitcoin chart
Descending Broadening Wedge pattern on Bitcoin chart. | Source: Captain Faibik on X

Faibik elaborates that we are currently in what he describes as the “Accumulation phase,” 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… pic.twitter.com/ttWsBwMbOJ

— Captain Faibik (@CryptoFaibik) August 11, 2024

Captain Faibik is optimistic about Bitcoin’s 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’s value soar to $74,000.

Revealing the current outlook, Faibik noted:

Now, I’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’s analysis, another analyst, Lark Davis, points to the Bitcoin Rainbow chart, which currently shows Bitcoin in the “accumulation zone.”

Bitcoin Rainbow Chart.
Bitcoin Rainbow Chart. | Source: Lark Davis on X

Based on historical data, investors use this tool to gauge market sentiment and potential price movements. According to Davis, if BTC reaches the “FOMO Intensifies” zone, as it did in the last cycle, it could skyrocket to between $150,000 and $190,000.

Related Reading

Bitcoin Price Trims Gains

Bitcoin Price Trims Gains: Is the Rally Losing Steam?

1 year ago

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 “FOMO Intensifies” zone.

If we reach that zone this cycle, $BTC could go anywhere between $150K–$190K.

Where do you think we top this cycle? pic.twitter.com/STuOwmoN68

— Lark Davis (@TheCryptoLark) August 12, 2024

Featured image created with DALL-E, Chart from TradingView

Tweet123Share196ShareSend
Samuel Edyme
Samuel Edyme

Samuel Edyme

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Sentiment Returns Back To Neutral As BTC Breaks $114,000

Data shows the Bitcoin Fear & Greed Index has retreated into the neutral territory as the BTC price has made...

Keshav Verma 2 hours ago
Ethereum, ETH, Crypto

Ethereum Ready For Round 2? Analyst Forecasts Early October Rally Amid $4,200 Retest

As the crypto market recovers from the end-of-September correction, Ethereum (ETH) is attempting to reclaim the crucial $4,200 area. Some...

Rubmar Garcia 4 hours ago

Bitcoin Momentum Indicator: Why 600,000 Transactions Threshold Matters Most

As Bitcoin (BTC) continues to trade in the low $110,000 range, a key on-chain indicator has flipped bullish, show signs...

Ash Tiwari 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin sous pression septembre 2025 opportunité

Bitcoin sous pression : pourquoi la correction pourrait être une opportunité ?

sophiap 31 minutes ago
Bitcoin Price Recovery Hopes Rise

Analyst’s Prediction Plays Out As Bitcoin Price Rebounds, Here’s The Full Forecast

Scott Matherson 46 minutes ago

Το Bitcoin Μπαίνει στο Uptober 2025: Έρχεται νέο φθινοπωρινό ράλι;

Ιωάννης Ριζόπουλος 59 minutes ago

Premium Sponsors

Press Releases

  • meme coin mania

    Cơn sốt Meme Coin đổi hướng: $Maxi và $Hyper...

    1 hour ago
  • Các Đồng Coin Tiềm Năng

    Giá SUPER tăng +35%, GRASS Crypto bật +20%: Các...

    1 hour ago
  • Các altcoin

    Mùa Altcoin 3.0: Vì sao lợi nhuận 150x–200x có...

    1 hour ago
  • 8,000ドルへの道筋と、市場が注目する代替案

    イーサリアム...

    10 hours ago
  • ビットコイン...

    11 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.