đđWill Bitcoin Pass 90 Thousand Dollars? đđ
Bitcoin (BTC) is trying to surpass the $70,000 resistance. Cryptocurrency analyst CryptoCon stated that chart models indicate that Bitcoin could reach a new all-time high in the near future. Analyzes using the indicator called Magic Bands focused on areas that have been shown to be important levels throughout Bitcoin's past market cycles.
Bitcoin is Over 90 Thousand Dollars, New Records are Expected
The Magic Bands chart represents certain critical price zones where Bitcoin has been influential during past market cycles. These levels are considered important turning points in Bitcoin's price movements. According to recent analysis, Bitcoin could rebound strongly from Magic Bands level 2 to reach a new all-time high above $90,000. CryptoCon predicted that Bitcoin could move towards level 3, up to $92,908, with this move. Current analysis shows that Bitcoin aims to move from level 2 at $55,431 towards level 3 above $90,000.
Going forward, the cycle upper target has been set at $125,916 and this target is predicted to increase. It is thought that Bitcoin could reach new all-time highs within the current market cycle, following the historical patterns shown by Magic Bands.
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