This Analyst Correctly Predicted The Bitcoin Price Jump To $99,000, But His Prediction Is Not Done
A cryptocurrency analyst who accurately predicted that Bitcoin’s price would rise to an all-time high (ATH) of $99,000 has just released a more detailed analysis of his prediction. The analyst shared a chart highlighting the key Technical indicators And price action suggests cryptocurrencies may Get ready for a higher ATH.
Analysts expect the next price target to be $105,000
TradingView analyst Weslad said bulge He made a prediction for Bitcoin price, predicting that the next upside target is $105,764 as the cryptocurrency market’s bullish momentum builds. Analysts report that BTC has officially entered the market bull market stagecharacterized by explosive price increases and positive market sentiment.
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his latest Bullish predictions for Bitcoin price Based on a method called “rising channel,” which indicates a continuation of the bullish trend. This chart pattern consists of two upward sloping trend lines drawn parallel to each other, representing resistance and support price levels.
Although he is optimistic about the future bitcoin priceWeslard revealed that investors should expect corrective action Toward the immediate repurchase zone, this will provide the best entry point for opportunistic buyers. The analyst also shared a detailed price chart highlighting the bullish ascending channels and key price levels that Bitcoin could reach in the short and long term.
Analyst Bitcoin Price Chart Analysis Overview
in his 4 hours Bitcoin chartWeslard visualized the cryptocurrency’s price action as an ascending channel, highlighting that Bitcoin is moving upward within two trend lines. Analyst provides detailed roadmap for his $105,764 Bullish Targets for Bitcoin Price.
Weslad highlighted the price range between $91,000 and $92,000 as a “significant demand zone” that serves as strong support If Bitcoin falls further, buyers may step in. He also revealed that the $94,327.99 price level has been identified as an “immediate buyback zone,” which could also serve as the best entry point if BTC experiences any volatility. corrective pullback in its price.
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The analyst also highlighted $97,537 as an “immediate profit target,” suggesting traders may consider locking in profits at this key short-term price level. He also identified a “medium-term target” for Bitcoin price, emphasizing that the mid-term level of $100,334 is important for Bitcoin price. Investors holding long positions.
Finally, Weslad highlighted $105,764 as Bitcoin’s “projected end goal,” suggesting that this may be the end goal for the current market cycle. For BTC to reach this bullish price target, it would only need a modest rise of 6.83% from its current value. As of this writing, Bitcoin price It is trading at $99,072, up 12.73% in the past seven days, according to CoinMarketCap.
Featured image created using Dall.E, chart from Tradingview.com
