According to the attached analytical chart, bitcoin's price could reach $190,000 in the fifth wave, and this price target represents the peak for the major cryptocurrency in this cycle. This rise to $190,000 is similar to bitcoin's rise from $7,550 to a peak of $19,000 during the 2017 bull market.
As for how bitcoin's price rise to $190,000 will play out, the chart shows that #bitcoin will first retreat to around $104,000, then rise to $123,000 before correcting its price back to $96,000. Once this correction is complete, bitcoin could begin to build a new Elliott wave chart that would eventually take the price to $190,000 in an impulsive wave 5.
Meanwhile, the bitcoin price is expected to continue to rise in late October, just before Donald Trump's victory in the U. S. presidential election. completes the wave cycle that began in Since then, the bitcoin price has gained bullish momentum and continues to reach new highs. Amid growing #optimism that Donald Trump's administration will create a strategic bitcoin reserve bank, the major #cryptocurrency recently crossed the $107,000 mark.
cryptocurrency analyst Justin Bennett believes that the bitcoin price will reach $125,000 by the end of the year. He predicted that the bitcoin price could reach $125,000 by the end of the year. The analyst said bitcoin is in "Santa Claus mode" and shows no signs of slowing down. Mr. Bennett noted that a pullback by the end of the year could be difficult,
the crypto analyst added that a potential pullback is unlikely, especially given speculation that bitcoin will become a US reserve asset under Donald Trump. In line with this, Bennett said that he would not be surprised if the bitcoin price reaches $116,000 or even $125,000 by the end of December.
The Titan of Crypto analyst noted that the bitcoin price continues to rise as the month ends. The analyst predicted that the main cryptocurrency could rise to $158,000, and his accompanying chart suggests that this will happen next year.
Read us at: Compass Investments