A historically accurate Bitcoin price indicator suggests that BTC’s price will reach the $174,000–$462,000 range within 24 months.
Bitcoin (BTC) registered its highest-ever three-day candle close at $72,724 on Oct. 29 after the crypto asset rallied 8.75% in 24 hours. With BTC moving above its overhead resistance at $71,500, based on this key indicator, investors could be looking at a return on investment (ROI) range of 145%–530% in the next 12 months.
Bitcoin 3-day chart. Source: TradingView
Bitcoin is close to breaking out of a seven-month price consolidation range, and the market is anticipating a period of price discovery after BTC records new all-time highs (ATHs).
