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With Bitcoin’s price once again surpassing $100,000, discussions have begun about what a top-of-the-cycle might mean for the flagship cryptocurrency. Cryptocurrency analyst Tony Severino provided some insights on this topic, revealing what price range could accommodate the highest price in the market.
Potential top of the cycle for Bitcoin price
In Post XTony Severino suggested that the cycle high for Bitcoin price could be around $170,000. This came as he noted that a 90% escalate could bring the flagship cryptocurrency to this price level. He added that it is at this level that the peaks of the cycle can then be considered, pointing out that BTC mountain this cycle it will likely be around this range.
The cryptocurrency analyst also discussed Bitcoin’s current price action. He noted that a re-tightening of the average trend may lead to a continuation of the upward trend. Severino added this Bitcoin above $105,000 is getting captivating, suggesting that this is where the flagship cryptocurrency could witness a parabolic rise to a fresh all-time high (ATH).
Severino was referring to the last time Bitcoin price veered into a lower band before moving to an upper band. He then noticed that there was a 90% movement from the wick low in the lower band to the local high. Therefore, the analyst believes that Bitcoin could experience another 90% surge to its target of $170,000 before bicycle mountain is in.
Previously, the cryptocurrency analyst also assured that the price of Bitcoin is still bullish for a reason monthly stochastic oscillatorwhich is still above 80. The tool is used to measure momentum, and a ratio above 80 usually suggests sturdy upward momentum. Historically, a monthly stochastic level above 80 has also led to a continuation of the BTC rally.
Having $100,000 in support is key
In post X, Jelle cryptocurrency analyst suggested that Bitcoin price holding at $100,000 as support is the next most significant step towards continuing the uptrend. He noted that Bitcoin is entering the $100,000 resistance level, which also coincides with the local downtrend line.

A cryptocurrency analyst noted that he expects Bitcoin to break through soon. He also predicts that prices will be much higher when this happens. In another post on X, Jelle alluded to this Bitcoin funding ratewhich is currently green. In line with this, he assured that the flagship cryptocurrency will be “red hot” for many weeks before this bull cycle ends.

At the time of writing, Bitcoin is trading at around $99,700, up over 2% in the last 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com