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Technical analyst expects bitcoin bull market to reach its peak by October

Technical analyst Kevin Wadsworth predicts that bitcoin will reach its Ft peak in October while touching the mark of $100,000.

Bitcoin bull market
Photo By "The Crypto Daily News"

Technical analyst and co-founder of Northstar & Badcharts, Kevin Wadsworth, came up with the prediction of the Bitcoin bull market. It is more likely to reach out to its peak in October. In an interview, Wadsworth said he believes that the crypto bull market will come to its conclusion by the end of the year.

He said that there are higher possibilities for the bitcoin bull market to touch its peak in late September and late October.

He said, “All the crypto charts I’ve been drawing and looking at vary a little bit in timing between the third week of September and some of them perhaps into mid-October or even late October, so there’s this sort of four-week window there between late September and late October where I’d be looking for the crypto bull market to reach its peak.”

This part of this belief is ultimately coming from the chart of bitcoin dominance. Wadsworth believes that it is giving a warning of two weeks to signal the end of this bull market.

With bitcoins, perhaps his target is somewhere near the mark of $100,000. Anything above this mark will be a huge bonus for us.

He continued, “If we get to $100,000 from here, which would be roughly double, then I’d expect the altcoins, Ethereum and the rest, to triple, quadruple, and some of them even more than that.”

Over the past few weeks, the largest cryptocurrency in the world has been consolidating between the mark of $47,000 and $50,000.

This leading digital asset has already lost 1.13% over the past 24 hours. It was trading at nearly the mark of $47,320 price. Ethereum, on the other hand, has managed to gain 40% month-to-date. This leading altcoin was trading near the price worth $3,377 while gaining 6.31% from the past 24 hours. Now it is about to see how efficiently crypto will perform according to this prediction.

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