Bitcoin Could Hit $90,000 By October Under One Condition, Analyst Says
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Bitcoin (CRYPTO: BTC) could hit $90,000 by October if September ends up being a positive month, according to market analyst Erik Crown. The former NYSE market maker told Cointelegraph on Wednesday that he spotted all the signals he needed to call a bottom around Bitcoin's $60,000 July low: Signal Reading Weekly RSI Dropped below 30 MVRV Fell below 1 Puell Multiple Dropped below 0.5 21-week EMA Stretched more than 25% from price Exchange volume Below the 5th percentile of its entire history — quieter than 95% of all days on record Source: Erik Crown on Cointelegraph Podcast Crown argued that this kind of extreme apathy has historically preceded major reversals, pointing to 2015, 2019, and 2022 as prior examples.
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