Bitcoin Price At $321,000 This Cycle? Analyst Says It’s The ‘Math’
Cryptocurrency analyst Tony Severno The price of Bitcoin has given an extremely optimistic outlook, predicting that flagship cryptocurrencies may rise to $ 321,000. The analyst acknowledged that this goal was too high for BTC, but he added that this was only “mathematics.”
In this market cycle, Bitcoin prices will reach $ 321,000
In one Zi stack postTony Severino predicts that the price of Bitcoin may rise to $ 321,000 in this bull market. Analysts emphasize this potential Head and shoulders This has been formed on Bitcoin’s chart. The analyst claims that if this bullish mode is valid, it is expected that the highest goal of each BTC is $ 321,000.
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Savanino acknowledged that the price of Bitcoin prices was too high, but he said it was only “mathematics.” Interestingly, this cryptocurrency analyst continued to make higher price predictions on flagship cryptocurrencies based on another bullish model. He said that if Bitcoin touches the price limit, it may reach $ 345,000. Main rising channel About 8 years.
At the same time, Savilino also provided a more conservative goal for Bitcoin prices. Analysts predict that BTC may touch at least $ 158,000. This is because he pointed out the peak of the 2021 cycle Disposal expansion The peak of the 2025 cycle can be predicted. If so, he said that this peak reverse Fibonacci extends one of the lowest estimates of BTC, which is $ 158,000.
The cryptocurrency analyst further stated that another way to use the 1.618 FIB extension is to predict the target of the 3rd wave from the bottom of the bottom. Based on this, he added that this requires a potential goal of $ 194,000.
Severino provides another version, predicting that 1.618 FIB extends from the top of the sub -III of 5 to the bottom of the sub -i of 5. If this happens, BTC may reach a slightly lower target of $ 186,000. In the end, the cryptocurrency analyst also proposed the possibility of Bitcoin prices reaching a peak of $ 191,000. He emphasized one Bull marketIf it is valid, the BTC can be sent to the target.
The short -term price trend of Bitcoin
Cryptocurrency analyst Ali Martinez Provide insights on the short -term price trend of Bitcoin. He said in an X post that the key support of Bitcoin was $ 97,877, and the level has accumulated more than 101,000 BTCs. The analyst further stated that maintaining this level is critical to maintaining the bullish momentum of maintaining flagship cryptocurrencies.
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In another X post, cryptocurrency analysts give the prospects for bullishness on the price of Bitcoin. He pointed out, quantity Bitcoin transaction More than 100,000 US dollars have doubled in the past week, from $ 15,620 to $ 32,320.
According to statistics, as of writing this article, the price of Bitcoin was about 104,300 US dollars, a drop of nearly 1% in the past 24 hours data From Coinmarketcap.
Selected pictures are from unsplash, the chart comes from tradingView.com
