According to a tweet by TheCryptoBasic, analyst Constantin Kogan suggests that Bitcoin is entering an early bull phase.
Kogan bases this prediction on Bitcoin’s Composite Index, which currently stands at 0.8. The chart included in the tweet illustrates the Composite Index alongside Bitcoin’s price history.
If the current momentum holds, Kogan projects potential price targets for Bitcoin between $150,000 and $175,000.
The chart visually represents the Composite Index and Bitcoin’s price fluctuations over time, providing context for the analyst’s forecast.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoins-bullish-signal-analyst-predicts-potential-150k-175k-targets/