Analyst Explained When Bitcoin Could Rise to 83 Thousand Dollars!

Kripotp interim analyst explained when the Bitcoin (BTC) price could rise to 83 thousand dollars.

Markus Thielen, chief analyst at cryptocurrency analysis firm 10x Research, noted that Bitcoin is on the verge of a significant upward move on the daily chart. Analysts gave an initial target of $83,000 in case the $74,000 peak is broken.

Analysts stated that this price could come thanks to TOBO on the daily chart, and did not hesitate to give a date. Thielen noted that the price may test the peak next week, especially on Wednesday, June 12:

It's only a matter of time before Bitcoin reaches its all-time high. The TOBO pattern signals an imminent rally towards 83,000 with the resistance line breaking over the next few days. The ideal time to break this resistance seems to be June 12.

According to CoinGecko data, Bitcoin, which has increased by 1% in the last 24 hours, is traded at $ 71,400 at the time of writing.

Note: I mentioned an important project in the pinned tweet. I definitely recommend you to read it.