With the price of Bitcoin above $ 100,000, it was discussed that it could marry the top of the cycle for the flagship crypto. Crypto is an analyst Tony Severino He gave some idea of this, revealing what target price can be considered.
Potential peak of the cycle at the price of bitcoins
IN X PostTony Severino suggested that the top of the cycle at the price of bitcoins could be about $ 170,000. This happened when he noted that the 90 percent surge could transfer the flagship cryptography to this price level. He added that it is at this level that you can consider the tops of the cycle, indicating that BTC Top In this cycle, most likely, in this range.
Crypto -analyst also discussed the current price of bitcoins. He noticed that the red -reversing in the middle trend can lead to the continuation of the rising trend. Severino added this Bitcoin above $ 105,000 It becomes interesting, assuming that this is where the flagship cryptography could testify to the Paraboly rally with a new record high level (ATH).
Severino mentioned the latter case, when the price of bitcoins received a fake to the lower lane before moving to the upper strip. He also noticed that from the wick at a low level in the lower lane to the local maximum was 90%. Thus, this is why the analyst is sure that Bitcoin can become another one 90% to the target of $ 170,000 before Cycle Vershina Located in.
Until now, the crypto -analyst also assured that the price of bitcoins is still optimistic from -s Monthly Stochastic generatorWhich is still higher than 80. The tool is used to measure the pulse, and the indicator above 80 usually involves a strong upward impulse. Historically, the monthly stochastic creature above 80 also led to the continuation of the BTC rally.
Possession of $ 100,000, since support is crucial
In post X, Crypto -analyst Jel He suggested that the price of bitcoins, holding $ 100,000 as support, is the next most important step to continue the tendency to increase. He noted that Bitcoin moves at the resistance level of $ 100,000, which also appears with the local line of descending trend.
Crypto -analyst noted that the Bitcoin price is soon awaiting a breakthrough. He also predicts that, as this happens, there will be much higher prices. In another post, Jelle hinted at Bitcoin financing speedwhich is currently in green. In accordance with this, he argued that the flagship cryptography would work “hot” for several weeks in a row before this bull cycle ends.
At the time of writing, the price of bitcoins is traded at about 99,700 dollars, which over the past 24 hours has increased by more than 2%. data From Coinmarketcap.
