As Bitcoin continues to trend below its all-time high of $73,000, setting… Next track The asset has been an interesting topic in the cryptocurrency space. Famous cryptocurrency analyst and enthusiast Javon Marks has made a bold move prediction This has caught the attention of the cryptocurrency community, anticipating that the value of the digital asset will soon cross into six-figure territory and exceed the desired price level of $100,000.
Bitcoin's value is below the massive rise to $116,652
Marks bases his bullish forecast on a set of bullish indicators that indicate the price of the pair Major crypto assets It is poised to make a major recovery in the coming months. In addition, Marks points to a favorable market condition, which may push the price of Bitcoin significantly.
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His forecast is consistent with general market sentiment, as traders and other analysts expect significant increases in Bitcoin's price due to its technical and fundamental qualities.
According to the analyst, with the confirmation of the important bullish indicator(s), Bitcoin 3D price is currently holding above the vital limit of $67,559. Therefore, being above this crucial limit indicates that the current technical target for BTC is the $116,652 mark.
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Bitcoin (BTC) 3D price currently remains above the vital level at $67,559, and its presence above means that the current technical target is $116,652 with the key bullish indicator(s) being confirmed.
Javon Marks noted that with this goal achieved, the digital asset may rise an additional 66.33% from its current price in order to reach the goal. Meanwhile, time may be the only thing standing in the way, indicating a promising future for Bitcoin.
In support of this bullish structure, the expert pointed out this Bitcoin It verified another hidden bullish divergence that preceded it and it resulted in a ~200% increase in value. Given that the market may be quietly preparing to display an unprecedented level of strength, Marks may see this as a catalyst for Bitcoin to rise to the aforementioned target price.
A 6-digit BTC target is inevitable
Javon Marks is not the only cryptocurrency analyst predicting that the cryptocurrency asset will reach a 6-figure target in this current bull cycle. Titan of Crypto, a famous market expert, did this as well Highlight Bitcoin will likely surpass $100,000 in the coming months.
Given the past bullish cycle trends, the expert expects Bitcoin To reach the desired price level of $111,000, claiming that the move is inevitable. Although this level looks interesting, the Titan of Crypto is confident that the coin may outperform this bull run above this target.
At the time of writing, Bitcoin price is trading at $67,761, showing a 1% rise over the past 24 hours. Its trading volume fell by more than 14%, while its market capitalization rose by 1.05% in the past day.
Featured image from iStock, chart from Tradingview.com