Analyst Gives 3-Tier Price Target for Bitcoin!

Cryptocurrency analyst @DaanCrypto pointed out that Bitcoin is above $100,000.

Cryptocurrency analyst known as DaanCrypto included the Bitcoin chart in a recent X post. He noted that if the consolidation process, which has been going on for about two and a half months, ends and the price moves upwards, the peak at the $73,600 level will be broken first.

The analyst, who gave three-stage price targets in case the old top is exceeded, pointed to the $ 83,000, $ 91,150 and $ 102,000 regions, respectively. While stating that it is difficult to make a price prediction after the peak is broken, he stated that he used the Fibonacci technical indicator in this analysis:

The green boxes on the Bitcoin chart are my first targets after the previous cycle highs are broken.

Targets can be difficult to predict as there are no levels to follow in price discovery. I find it useful to use the Fibonacci indicator here.