A price target was given for Bitcoin, which reached all-time highs with the US presidential elections.
Bitcoin support led to Donald Trump's victory in the US elections, pushing #BTC to a new record high. Analysts predicted that the rise in $BTC could continue after the elections. Many analysts think that the BTC price could reach 100,000.
Crypto analyst Tony Severino prepared an analysis for BTC in recent days. Severino argued that BTC is in an uptrend similar to the rally in gold.
While Bitcoin is preparing for a major rally, Tony Severino, who addressed them via X, touched on the growth between Bitcoin and gold. According to the analyst, the development in question will continue with cyclical price movements.
Evaluating Severino's analysis, AMBCrypto made the following statements;
“Both assets show recurring “top”, “bottom” and “break” patterns, while BTC has been followed for several years according to its payments.
Severino stated that BTC needs to test support points more for the cycle to continue. The analyst warned that BTC could pull back to 64,500 before the uptrend.
Severino, who argued that the general outlook is positive despite the ups and downs, noted the developments;
“If the cycle happens, we could see BTC reach the 100,000 range in the first part of 2025.”
VanEck Digital Assets Research President Matthew Sigel also expressed his bullish expectation for Bitcoin. Sigel claimed that BTC could reach 188,000 if a cycle similar to the 2020 US elections occurs.
Crypto analyst Ben Armstrong, known as BitBoy, crypto analyst Ali Martinez and MN Consultancy founder Michael van de Poppe made special statements to Coinkolik. Famous analysts argued that BTC will continue its rise after the elections.
#BTCBreaksATH #Trump47thPresident #binance #ElectionNightBTCGuess
