Bitcoin Price Enters Ascending Phase After Cup And Handle Formation At $105,000, Here’s The Next Target
Encrypted analyst Cobravanguard It is revealed that the price of Bitcoin has entered the rise after the cup and dealt with the level at a price of $ 105,000. Based on this bullish mode, analysts emphasize the goals that BTC can achieve when entering this rising phase.
Bitcoin prices may rise to $ 123,000 when the rising stage
exist TradingView postCobravanguard predicts that when the price of Bitcoin enters the rise through the cup and handle mode, the price of Bitcoin may rise to $ 123,000. According to analysts, BTC is a large cup and handle. If this model follows, its price will have a good assembly. The chart he followed shows that flagship cryptocurrency may hit The target of $ 123,000Essence
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The analyst also revealed his golden analysis of Bitcoin prices. He revealed that flagship encryption can be assembled as Up to $ 260,000 In this market cycle. His attached chart emphasizes a rising channel, which shows that if BTC reaches the upper part of the channel, BTC may hit the target.
Interestingly, other encrypted analysts provide higher goals for Bitcoin prices in this market cycle. Encrypted analyst Tony Severino recently predicted In this cycle, BTC may reach $ 321,000. He emphasized the potential head and shoulder patterns on the BTC chart, and pointed out that if the model is valid, the flagship cryptocurrency can achieve the goal.
He also raised the possibility of Bitcoin price rally to $ 345,000. Severino explained that if BTC has touched the upper boundary of the main upward trend channels in the past eight years, it can achieve this ambitious goal. At the same time, for his more conservative goals, he predicts that in this market cycle, the price of Bitcoin may be between 158,000 and $ 191,000.
Why has BTC not yet reached the top of the market
The decoction signal among the encrypted analysts points to the top of the market Ali Martinez (Ali Martinez) Overly, there are still several reasons for the price of Bitcoin in this bull running. First of all, he pointed out that when the BTC’s simple moving average (SMA) for more than 200 days (SMA) is 2.4 times, the cyclical change usually occurs. The average line (SMA) is currently $ 184,600.
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In addition, Martinez said that Meyer’s multiplication shows that Bitcoin prices are higher and the potential market is about $ 182,000. From a technical point of view, encrypted analysts emphasize Bitcoin’s cup and handle Breakthrough, point to the goal of $ 276,400. In the end, he mentioned the theory of halving the cycle, which indicates that BTC can reach the market between May 2025 and October 2025.
During writing, the transaction price of Bitcoin prices was about 104,700 US dollars, a decrease of nearly 1 % in the past 24 hours. data From Coinmarketcap.
Charts from special images from IStock, tradingView.com
