Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Well-known analyst CryptoChan: Bitcoin five-line chart upgraded again, top forecast impact 140,000 dollars

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.
Well-known analyst CryptoChan: Bitcoin five-line chart upgraded again, top forecast impact 140,000 dollars image 0
0
1

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.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

AI Computing Power Boom Faces Doubts from Influencers: Rothschild Shorting "AI New Cloud," "Big Bear" Warns of $3 Trillion Off-Balance-Sheet Commitments

From the perspective of data center project economics, the Rothschild research report investigates how much shareholder return remains after GPU rental income covers equipment depreciation, operating expenses, and financing costs.

智通财经2026/09/21 13:51

HP (HPQ.US) Cools Down PC Industry Expectations: Shipments to Decline in 2027, Can "Growth-Driven Revenues" Hold Up?

HP warned in its filing to the SEC that PC shipments will decline by a mid-single digit percentage in 2027, stating that this aligns with third-party forecasts. The stock fell over 5% in pre-market trading.

智通财经2026/09/21 13:46