Top Analyst Predicts Bitcoin (BTC) Price Rally to Over $400K as Key Indicator Turns Bullish

Bitcoin (BTC) price has seen a 10% rally in the last 5 days. It broke above the $72,000 crucial level on Tuesday.

With this, some traders might be thinking the price is already too high to buy. However, Ali provided a different and bullish perspective.

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Ali’s post shows that Bitcoin price peaks between 1.618 and 2.272 Fibonacci retracement levels. If history is to repat, then we might see a peak between $174,000 and $462,000.

Furthermore, Ali points out that while entering the market at $72,000 might seem late, historical data tells a different story.

He notes that the MVRV Ratio crossing above its 365-day simple moving average has historically marked the beginning of major bull rallies.

This “golden cross” has just occurred again, reinforcing his bullish perspective on Bitcoin’s future price trajectory.