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It's Big & Big #predictions of $BTC to All Time High !!!
Bitcoin Price Prediction: Major Analysts Say BTC Is Headed For 6-Digit ATH
Major crypto analysts have weighed in on the Bitcoin future trajectory, especially as the flagship crypto has maintained a tepid price action and has continued to consolidate since the halving took place.
These analysts predict that Bitcoin will soon rise and climb to a six-digit all-time high (ATH).
Bitcoin To Rise To $100,000
Crypto analyst CrediBULL Crypto predicted in an X (formerly Twitter) post that Bitcoin would rise to $100,000 on its next leg up.
He claimed that this upward trend would begin in the next seven to ten days, stating that BTC will “absolutely giga send” when that time comes. The analyst made these remarks while suggesting that the worst was over for Bitcoin.
He alluded to the “brutal” price correction that Bitcoin underwent shortly before and after the halving, with the flagship crypto experiencing a 20% price drop.
He believes that BTC is unlikely to decline that much again from its current price level.
Instead, CrediBULL Crypto claimed that the downside is now limited to $60,000 and that, realistically, Bitcoin can’t drop below $62,000 and $63,000.
Whatever happens, he expects the Bitcoin pump to begin in the next ten days, which would send it to $100,000.
CrediBULL Crypto stated that things were looking good for Bitcoin. He suggested that the bears would get shaken out of their positions once Bitcoin clears the asks that are above its current price level.
He also noted that Bitcoin’s open interest is dropping a bit because the short positions are already starting to cover, and the spot premium is returning for the first time since May.
CrediBULL had earlier predicted that Bitcoin would experience a price decline to $66,000. He had made this prediction as part of a bigger picture, which would send BTC’s price rallying above $71,000 following the price correction.