New Wave in Bitcoin Begins Very Soon: Analyst Announces Price Target!

The analyst said that the price of Bitcoin (BTC) will exceed $ 91,500 with a sharp rise in the near future. 

Cryptocurrency analyst CryptoCon said in a post on his Twitter account on June 13 that the Bitcoin price will soon rise 25% above the all-time high (ATH) of $73,500.

In line with this analysis, CryptoCon, which gave a price target of $91,539, stated that it uses the "Magic Bands" model, which shows different levels for price predictions based on past cycle tops and bottoms.

123 thousand dollars in the final stage

According to the model shared by the analyst, Bitcoin is currently showing resistance at the 2.5 level. If this consolidation zone is breached, the price will first reach the third level at $91,539. Later, $123,832 was pointed out as the end-of-cycle target.

CryptoCon stated that it took a long time for the level 3 in question to arrive, and emphasized that this stage was the next step.

The forecast came despite the hawkish statements of the US Federal Reserve (FED) regarding the interest rate decision.

According to CoinGecko data, Bitcoin is 30% below the target given by the analyst at the time of writing and finds buyers at $67,300.