Crypto Cupra analyst revealed that Bitcoin has printed historical aggression recovery setupsignaling that an uptrend may be on the horizon. The analyst predicted that BTC could surge to a recent all-time high (ATH) of $150,000 as the next bull phase approaches.

Bitcoin is printing one of the most aggressive setups in years

In Post XCupra stated that Bitcoin just printed one of the most aggressive recovery setups the market has seen in years. He noted that this setup took place in 2019 after months of “pain” that then led to a 282% explosive move for BTC. Now the same structure is taking place and the analyst is seeing a similar reset, but with even greater liquidity.

Cupra noted that this is not a coincidence, because it is what it is running of the bull begins when sentiment is destroyed while liquidity increases and the sharp money begins to position. He added that the market will soon surprise everyone and that Bitcoin’s rise to $150,000 is not a “meme” but the next stage. The attached chart showed that BTC could also rise to a cycle high of $420,000.

In another Post Xanalyst has doubled down on his claim that Bitcoin could soon see a parabolic reversal to the upside. He noted that 35 bars are rising and 12 are falling, which is an “ideal cycle structure.” Cupra added that every time this happens, massive expansion follows.

Cupra also revealed that Bitcoin has just completed a 12-bar reset and that this is the starting zone. Therefore, he declared that the next stage would be violent and would not be a “normal pump”. The analyst added that the parabolic phase is now beginning.

BTC still at risk of falling

Cryptocurrency analyst Colin predicted that Bitcoin remains at risk of falling despite claims that the leading cryptocurrency has bottomed. Emphasized by A bear flag on its chart, suggesting that BTC could rise above $77,000 in the tiny term following the two-week ceasefire agreement between the US and Iran. However, after this rebound, the leading cryptocurrency is likely to continue its downward momentum.

Cryptocurrency analyst Aralez warned market participants to exercise caution with all Bitcoin transactions at this time. He noticed that the price is in a key zone after clearing a vast liquid shelf and that locally the structure still looks bullish. However, there are two main things to monitor now: whether the market will show weakness soon and whether the price will stay within a certain range.

At the time of writing, Bitcoin is trading at around $71,000, down over the last 24 hours, according to data from CoinMarketCap.

Featured image from Pixabay, chart from Tradingview.com