Bitcoin price continues its sluggish sideways movement.
Analyst sets the next bullish target for Bitcoin at $116,652.
If hit, Bitcoin will move towards its next target of $165,000.
This ongoing crypto bull cycle is off to a great start when last month Bitcoin, the pioneer crypto asset blew past its previous ATh at the $73,000 price range and went on to set consecutive new ATH until it reached its current ATH price at $103,900.47. This led many analysts to debate over what ATH is next for BTC price.
To highlight, Bitcoin’s current pace has now placed it in a slow sideways movement taking it between the $90,000 price range to close to its previous ATH. According to one reputed crypto analyst the price of Bitcoin will set new ATH targets at $110,000, $125,000, and $135,000.
Bitcoin’s Next Target Revealed
https://twitter.com/JavonTM1/status/1867231557347389451
While this analyst awaited the $125,000 ATH price to arrive by January or February, another popular and seasoned analyst shares his perspective on what’s next for Bitcoin and its price. Based on the post above, this analyst referred to his previous analysis where he set a bullish target of $67,559.
From $116,652 to $165,000 and Above
This prediction was important as the analyst said that if BTC remains above this life, then the next target for BTC would be $116,652. Now, the analyst says that this target is in play after having already confirmed patterns that suggest a continuation. He concludes his latest post by saying that a pump to $116,652 will unlock the path to the next big target for BTC at $165,000 and above.
The post Seasoned Analyst Reveals Next Bullish Targets for Bitcoin (BTC) Going From $116,652 to Over $165,000 appeared first on Crypto News Land.
