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Cryptocon Crypto analyst He confirmed that he was still in the game. The analyst also revealed what must happen that the flagship crypto could reach this ambitious target price.
Which determines the price of bitcoins up to USD 166,000
IN X PostCryptocon said that the price of Bitcoins must simply reflect his last year to reach the next level of this hyper-deepered extension in March. His companion chart showed that the next level is in USD 166,000 price level. Meanwhile, Bitcoin has registered a significant price rally between January 2024 and March 2024, the historical cryptok movement believes that the flagship crypto must reflect this goal.
The analyst noticed that this may seem amusing, but he said that the escape to this purpose worth USD 166,000 next month is not far away. A few days ago Cryptocoon predicted that The price of bitcoins can accumulate up to USD 160,000 in the next thirty days, which means that it can reach this goal until the next month. These forecasts undoubtedly ensure optimism, especially taking into account the inheritance pressure, which is currently facing the flagship crypto.
Meanwhile, Cryptocon also suggested that there is a possibility that the Bitcoin rally took $ 166,000 longer. He added, however, that the cycle has not finished, and this goal is not chosen anywhere, which indicates that BTC will reach this bull market. Market experts, such as the MatrixPort research company, also predicted that Bitcoin can accumulate up to USD 160,000 this year.
Meanwhile, the Asset BitWise manager predicted that the price of Bitcoins will rise to USD 200,000 this year. The Khartered standard also said that BTC reaches around USD 200,000 You can achieve by the end of the year.
State of affairs for BTC
Crypto Analyst Credibull Crypto He provided some information about the current Bitcoin price campaign. In post X stated that BTC still maintains a higher time support zone of USD 94,553. As long as BTC still maintains this support zone, it expects further consolidation around this area.
The cryptographic analyst also drew attention to the potential PO3, which was created at the price of bitcoins at these levels. He noticed that he would like to see the movement below the minima of USD 94,100, and then recover and press to local supply just above the last local ups.
Alik Crypto Ali Martinez also confirmed that the price of bitcoins is in Consolidation phase. He revealed that the result of the BTC accumulation trend is zero, which signals the consolidation period. The cryptographic analyst added that a change in demand can determine the scene for the next vast traffic.
At the time of writing, Bitcoins prices are around USD 95,800, which is a decrease by over 2% in the last 24 hours, according to data with coinmarketcap.
A distinguished painting from Istock, chart from tradingview.com
