• Bitcoin and the crypto market are on the verge of a bullish breakout.

  • The reputed crypto trader says that this could be the most significant breakout yet.

  • He also predicts that all shorts will be liquidated soon.

The price of Bitcoin is now trading between the $108,000 and $110,000 price range, showing a steady sign of strong resilience and growth for the pioneer crypto asset. Presently, several reputed crypto and Bitcoin analysts confirm that Bitcoin and the crypto market are on the verge of a bullish breakout, a breakout that could possibly be the most significant breakout yet in crypto history. 

Bitcoin and Crypto Market on the Verge of a Bullish Breakout

As the crypto market brazenly enters Q3 of the year, analysts have closely analysed what the crypto market has accomplished in the year so far. Initially, what was expected of the year was altseason kicking off in Q1 and Bitcoin and altcoin both setting up new ATH prices in the months after. In fact, many expected cycle top prices by the time Q3 came around. This may still be the case. 

In detail, analysts have seen how Q1 of this year saw a prolonged correction phase, likely caused by Bitcoin setting up an early ATH record this year, a move that had never been made before, where BTC price set a new ATH before the Bitcoin Halving event. The correction phase led to a much healthier crypto market by the time Q2 began. Since then, the price of Bitcoin set a new ATH and the price of ETH finally bottomed and moved upwards.

Now, analysts are looking at the crypto price charts for BTC and altcoins and have concluded that significant price pumps in Q3 are highly likely. In fact, several analysts have shared many bullish indicators on the BTC and altcoin price charts, all signifying a bullish pump in the coming weeks ahead. Moreover, if ETH sets new highs, many expect the highly-anticipated altseason peak phase to follow.

https://twitter.com/MichaelXBT/status/1940877975681134786

As we can see from the post above, this reputed crypto trader shares a bullish observation for Bitcoin. To highlight, the analyst says that the pioneer crypto asset BTC is just 3% away from the most significant breakout in history. He says the crypto community should consider themselves either bullish or wrong, as it is the simple truth. In addition, he goes on to share what to expect next in another post. 

https://twitter.com/MichaelXBT/status/1940706311014174907

As both the above posts mention, the trader says that the crypto market is on the verge of a historical bullish breakout. Above the line highlighted in the post, he expects more than a parabolic advance, but rather a full-blown digital gold rush. He concludes by saying that the entire crypto market will pump with extreme velocity, meaning that every short position will get liquidated, and most will make incredible gains.