Crypto analyst Lark Davis is buzzing as Bitcoin hits an all-time high of $76K, crediting this surge to technical signals and post-election enthusiasm.
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According to Lark, the charts are looking “beautiful,” with key indicators like the RSI and MACD showing a strong uptrend that could drive Bitcoin prices even higher.
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He sees this rally potentially stretching into early 2025, with Bitcoin possibly hitting $150K before the next major correction.
Lark also emphasizes the market’s excitement around Trump’s return to office, which has injected optimism into both the stock and crypto markets. The S&P 500 and Dow Jones have also surged, showing investors’ confidence in a Trump-led economy. Meanwhile, Ethereum is showing signs of life, too. If ETH can break and hold above $2,800, Lark thinks it could climb back to its former highs around $5,000.
For now, Lark sees plenty of fuel for this crypto fire, with the charts aligning and market sentiment soaring.
