• Crypto trader and analyst declares Bitcoin has completed its manipulation phase. 
• What’s next is a distribution phase that can lead to new ATH prices. 
• The price of BTC is expected to surge between $105,000 and $220,000.

As the price of BTC continues to reclaim higher prices, one crypto trader and analyst declares Bitcoin has completed its manipulation phase and expects the pump phase to begin soon. Over the most recent few days, the price of BTC finally broke above $70,000 and went on to hit targets as high as $74,000, only to retrace back to just below $70,000. Now, it is back up over $70,000.

Crypto Trader and Analyst Declares Bitcoin Has Completed Manipulation Phase 

The recent price action of the pioneer crypto asset, Bitcoin (BTC), points to exciting momentum on the horizon for the asset. In detail, the price of BTC has been trading in the $70,000 price range and is trying to break past the next resistance level at $76,000, and turn it into support. Once this level is reclaimed, Bitcoin is expected to hit much higher prices, possibly as far as $88,000.

This is the expectation of a bearish analyst, who says that BTC will go as far as $88,000 before falling to much lower prices, and possibly bottoming in the $40,000 price range. While this is a bear analyst’s view, bullish analysts believe BTC is on its way to set new ATH prices. According to them, a 5-year supercycle is playing out, which means the crypto market is at the end of a short crypto winter at the moment. 

What comes next is an explosive rise to much higher price ranges, led by Bitcoin setting new ATH prices, followed by Ethereum and other promising altcoins unleashing altseason peak phase and setting new ATH prices of their own. Most recently, more and more reputed crypto analysts and traders have been observing and catching bullish signals on various crypto price charts and sharing bullish pump forecasts. 

As we can see from the post above, this reputed crypto trader and analyst is among these bullish expectators. To highlight, he declares that Bitcoin just completed its manipulation phase. He also says that the BTC accumulation phase is over at the $65,000 price range bottom and says the manipulation phase has shaken out all weak hands. What’s next is the distribution phase.   

BTC Pump Phase to Begin Soon

To conclude, the expert says that the manipulation phase ended in the $77,000 price range, where BTC is holding around this level. If BTC were to lose this, then another manipulation candle will form before the inevitable distribution phase can begin. During this phase, he expects BTC to surge and reclaim its previous 6-digit prices in the coming months. This will allow BTC to hit $105,000 to new ATHs as far as the $220,000 price range.