Bitcoin set its latest new ATH at $106,488.25 beating previous $103,900 ATH.
Analyst expects the next BTC ATH to arrive between $125,000 and $135,000.
BTC’s current price discovery phase welcomes new traders as BTC holders increase.
Bitcoin just set its latest new ATH at $106,488.25 beating its previous ATH in the $103,000 range as it continues to move in its bullish slow sideways movement. The crypto community is pleased to see the pioneer crypto asset making its way to the $110,000 price range which could also mean more dips to the $90,000 price range before more ATHs are set.
Bitcoin Hits Latest ATH at $106,488.25
https://twitter.com/DrProfitCrypto/status/1868440809412157893
As we can see from the post above, this analyst, known for his many accurate predictions of the ongoing bull cycle so far, marks this phase as the super cycle. According to him, this is the phase when Bitcoin enters the price discovery phase, which it did last month when it blew past the $73,000 price range.
He says that the price discovery phase is where there are no limits and when FOMO starts to set in. Due to fear of missing out, the market welcomes a number of new investors from many sectors leading to more capital flowing into Bitcoin and therefore pumping up its price to set significant new ATHs. He ends his message advising traders to hold as the best strategy.
Next BTC ATH Target Set Between $125,000 - $135,000
https://x.com/DrProfitCrypto/status/1868285294036004872
Next, the analyst advises traders to keep their sights on what is next for Bitcoin (BTC). Doctor Profit expects the price of Bitcoin to hit much higher highs in the coming days. In particular, he sees the price of Bitcoin hitting the price range of $125,000 to $135,000 as the next ATH target.
The post Latest BTC ATH Set at $106,488.25 as Silver-Tongued Analyst Predicts Next ATH Between $125,000 and $135,000 appeared first on Crypto News Land.
