Bitcoin Price Enters Ascending Phase After Cup And Handle Formation At $105,000, Here’s The Next Target
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Cobravanguard It revealed that the price of bitcoin entered an upward stage after a cup and the formation of a handle at the level of 105,000 dollars. Based on this upscale pattern, the analyst highlighted the price of the price that BTC can reach when entering this thunderbolt.
Bitcoin price can collect to 123,000 dollars, as the thunderbolt enters the stage
in Tradingvief PostCobravanguard expected that the price of Bitcoin could gather to $ 123,000 as it enters the upward stage by the cup and the handle. According to the analyst, BTC is in a large cup and handle, and if this style is followed, its price will contain a beautiful gathering. His accompanying scheme showed that the main encryption could hit The price is targeted 123,000 dollars.
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The analyst also revealed his golden analysis of the price of bitcoin, in which he revealed that the main encryption could be collected to AS High to 260,000 dollars In this market cycle. The most prominent accompanying plan is an upward channel, which showed that BTC could reach this goal if it reaches the upper part of the channel.
Interestingly, other encryption analysts have provided higher goals for Bitcoin in this market round. Encryption Tony Severino recently predicted BTC can reach $ 321,000 in this course. The PTC’s potential head and shoulder style has highlighted and stated that the main encryption could reach this goal if the style is valid.
He also raised the possibility of mobilizing bitcoin to $ 345,000. Severino explained that BTC can reach this ambitious goal of the price if it touches the upper boundaries of the basic upward trend over the past eight years or nearly. Meanwhile, for its most conservative goals, he expected that the price of bitcoin could reach 158,000 dollars and $ 191,000 in this market cycle.
Why did BTC not reach the top of the market yet
Amid the declining signals indicating the market summit, the encryption analyst Ali Martinez Several reasons showed that bitcoin still has more space for growth in this running. First, he pointed out that the course transformations usually occur when the BTC 2.4X exceeds the simple moving medium for 200 days (SMA), which is currently $ 184,600.
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Moreover, Martinez stated that Mayer Moener indicates that the price of bitcoin has more bullish direction, with the highest possible market about $ 182,000. From a technical perspective, the most prominent encryption analyst Bitcoin cup and handle Breakout, which indicates a target of $ 27,6400. Finally, alluded to the half -cycle theory, which indicates that BTC can reach the top of the market between May and October 2025.
At the time of this report, Bitcoin price is traded at about 104,700 dollars, a decrease of about 1 % in the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Istock, Chart from TradingView.com
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