Bitcoin Broke a Record Again: New ATH $88,378! Analyst Predicted How Long the Rise Will Continue!

world’s largest cryptocurrency Bitcoin It broke many records today and according to the latest updated information, with the sudden increase, the all-time highest price record was updated to $ 88,378.

At the time of writing this article, BTC price is trading at $ 88,000. The amount of increase in the last 24 hours has reached almost 10%.

On the other hand, due to market volatility, huge liquidations took place in both long and short positions in the cryptocurrency market. In the last 24 hours, there was a liquidation of $ 571 million in the entire cryptocurrency market, of which $ 206 million was in long positions and $ 365 million was in short positions.

So, what do cryptocurrency analysts expect after this rise?

Rekt Capital, one of the most well-known analysts in the market, shared details about what they expected in its post published after the records.

According to the analyst, if the BTC price repeats its record pattern in 2020, the BTC price may be at $96,500 by the end of this year.

In addition, the analyst evaluated BTC’s upward wave, which traditionally comes some time after the halving, relative to the current bull rally. Rekt Capital said that traditionally, the rise after the halving comes approximately 214 days later and new records are broken, but in the current case, approximately 205 days have passed after the halving.

Rekt Capital argued that this new price record, which came 9 days earlier than expected, meant that there was a potential for approximately 9 more days of acceleration in the current cycle.

*This is not investment advice.