Cryptocurrency analyst Tony Severino He presented extremely positive prospects for the Bitcoin price, predicting that the flagship cryptocurrency can raise up to $ 321,000. The analyst admitted that this goal was too high for BTC, but he added that it was simply “mathematics”.

The price of Bitcoin will reach $ 321,000 in this market cycle

In subordinate postTony Severino predicted that in this bitcoin price in this bull market can raise up to $ 321,000. This happened when the analyst emphasized the potential head and shoulder pattern which formed on the Bitcoin chart. The analyst stated that if this upward pattern is correct, then it provides for a maximum target of $ 321,000 per BTC.

Severino admitted that this target price for Bitcoin’s price is too high, but he noticed that it was “mathematics”. Interestingly, the cryptocurrency analyst gave a higher forecast of the cryptocurrency flagship price based on another bullish pattern. According to him, BTC can reach $ 345,000 if he touches the upper limit The main growth trend channel over the past 8 years or more or less.

In the meantime, Severino also gave more conservative goals in terms of Bitcoin price. The analyst predicted that BTC could at least affect $ 158,000. This happened when he noticed that the peak of the cycle in 2021 reverse extension of Fibonacci It could forecast the peak of the cycle for 2025. If so, he said that the top reverse FIB extension is among the lowest estimates for BTC and amounts to $ 158,000.

The cryptocurrency analyst also noticed that another method of using the FIB extension 1.618 consists in throwing the target from the top of Wave 3 down the wave 1. On this basis, he added that this requires a potential target of $ 194,000.

Severino provided a different version that displays an extension of 1.618 FIB from the top of Podfali III with a value of 5 to the bottom of Podfali and the value of 5. If it works, BTC can reach a slightly lower target of $ 186,000. Finally, the cryptocurrency analyst also raised the possibility that the Bitcoin price would reach a summit of $ 191,000. Emphasized a bullwhich, if essential, could send BTC for this purpose.

BTC price in the low period

Cryptocurrency analyst Ali Martinez He provided a low -term Bitcoin price. In post X, he stated that the key level of support for Bitcoin is $ 97,877, where over 101,000 BTC was accumulated. The analyst also noticed that sticking above this level is crucial for maintaining an upward impetus for the flagship cryptocurrency.

In another post on X, the cryptocurrency analyst presented the upward prospects of Bitcoin prices. He noticed that the number BTC transactions The value of over $ 100,000 has doubled over the past week, from $ 15,620 to $ 32,320.

At the time of writing this text, the price of Bitcoin is about $ 104,300, which means a decrease by almost 1% in the last 24 hours, according to data with coinmarketcap.

A distinguished picture from Unsplash, chart from tradingview.com