A prominent market commentator has projected that the Bitcoin price could climb as high as $500,000, citing the reappearance of a long-observed moving average ribbon pattern on the monthly chart. The forecast, shared by Egrag Crypto on X, ties price structure to specific time windows in 2026 and 2028, arguing that technical alignment is outweighing short-term market narratives.pl Bitcoin Price Ribbon Setup Signals Expansion Phase At the center of the $500,000 prediction is the reformation of a multi-layer moving average ribbon on the one-month timeframe.
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