Bitcoin Price Aims For $150,000-$170,000 With Wave Formation, Here Are The Details
Bitcoin price is exhibiting a bullish pattern that could lead to a rebound between $150,000 and $170,000. cryptocurrency analyst Gert van Lagen How this happened and what happens next after the price surge is revealed.
Bitcoin price rebounds to $170,000 after wave formation
After the wave forms, Bitcoin price will rise to $170,000. in a X postsGert van Lagen reveals that Bitcoin recently reached new peaks, confirming Wave 5 in the $150,000 and $180,000 range All Time High (ATH) $109,000. Following this development, analysts said the flagship cryptocurrency is now targeting $150,000 to $170,000.
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Gert Van Lagen predicts that once Bitcoin prices rebound to between $150,000 and $170,000, it will retrace to $120,000, claiming that it has peaked. However, a rebound to $170,000 does not mark the bike tops As an analyst, there will be another parabolic rise for the flagship cryptocurrency, which will be the v-wave completing the fifth wave.
Gert van Lagen predicts that the Bitcoin price will rise to $300,000 in the last part of the cycle, which will end the bull market. The chart he attached shows that Bitcoin may reach this price target in April. This is not the first time analysts have predicted that the flagship cryptocurrency could rise to $300,000. He emphasized one before cup and handle patternwhich sets BTC’s eventual upside to that price target.
BTC Still Set to Rally to $158,000
cryptocurrency analyst crypto titan It also gave a bullish outlook on Bitcoin price, noting that an expected rise to $158,000 is still in play. This was achieved when he highlighted the formation of a bullish pennant on BTC’s monthly time frame. The analyst said that if this bullish pattern materializes, Bitcoin could skyrocket.
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Meanwhile, in another X post, CryptoTitan mentioned that the flagship cryptocurrency is back with bullish momentum as it looks “extremely bullish” on the daily chart. This is based on his Ichimoku Cloud analysis, in which he noted that the cloud is turning bullish.
Amid upbeat outlook for Bitcoin price, crypto analysts Justin Bennett Warning that the flagship cryptocurrency could fall to $91,000. He said Bitcoin surged during Trump’s inauguration, so the rally will likely fade from here. The analyst added that BTC has been range-bound until proven otherwise, and the $91,000 lower shadow on January 13 appears ready for a retest.
According to statistics, as of this writing, Bitcoin price is about $105,402, up more than 3% in the past 24 hours. data From CoinMarketCap.
Featured images from Unsplash, charts from Tradingview.com
