Crypto exchange Kraken’s Bitcoin forecast is based on how high the BTC price has traded above its 200-week moving average in previous bull runs.
According to Kraken’s analysts, Bitcoin price has historically surged 10x to 15x after touching its 200-week moving average.
This implies a future BTC price range of $237,894 to $356,841 for the king cryptocurrency.
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- Source: https://youtu.be/VULs8sFn5HQ
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