Two Analysts Point to Over $100,000 for Bitcoin! How Much is the Bitcoin Price?

Bitcoin has been seen to have been continuously rising in its extensive review since the day it emerged at $56,111.55. Although there have been fluctuating price movements in small time frames, it is also known that the process hosted an increase of up to $73,750. Although the price view is currently close to $20,000 away from the level accepted as #ATH , analysts seemed to have some things to say about the return.

When the calendars showed the year 2020, a pandemic crisis occurred and Covid affected the entire world economy. 2020 also drew attention as the process in which the third halving occurred for #Bitcoin , and after this halving, miners' incomes fell by half. Later, in the last period of the year and especially in 2021, the market moved to the peak of that period, and BTC rose to $69,500 in November of the same year.

It was seen that #AO $, one of the market analysts on the subject, drew a similarity between the price movement experienced in 2020 and the process experienced so far in 2024.

AO stated that the time for bulls has come, that the formation is similar to that seen during the Covid period, and pointed to $ 160,000.

After this, another analyst of the market, Yoddha, did not refrain from making bullish comments and made a consolidation-centered statement. The analyst's statement was as follows: The longer the consolidation lasts, the bigger the rally will be.

Later, the analyst, who shared another chart and pointed out the potential target of the price, stated that the peak was still not the level it was at and added: When the analyst's comments are also examined, it seems that Bitcoin is targeting above $ 100,000. So what is happening in Bitcoin right now?

After the announcement of JOLTS yesterday evening, it was reflected in the charts that BTC, which was seen to have risen to $ 58,500, later retreated. As of writing time, $BTC is seen at $57,000 after a 1% increase in the last 24 hours.