A week after the last attempt to recover the barrier of $ 100,000, Bitcoin (BTC) continues to move within its local range. After the last result, some analysts believe that BTC may be close to a breakthrough and a huge rally towards a modern height.

Bitcoin ready for a breakthrough or failure?

Among the market variability, Bitcoin found price stability, remaining in the central groundbreaking level zone. During the last 12% of BTC correction, it noted that its price completed the range as support, jumping towards the 100,000 USD barrier.

However, it was not possible to regain this zone as support and continued to move sideways in this area. Over the past week, cryptographic flagship cryptographic has hung from 94,000 to USD 98,000, it is not able to maintain USD 99,000 from the end of January.

Crypto Trader Eliz excellent That bitcoins have been in this “mini range” for almost two weeks, which suggests that the cryptocurrency is ready for a “large movement” from this consolidation zone. He warned investors that the flagship direction of crypto could take “almost impossible to predict”.

It is worth noting that market moods have recently divided, because Bitcoin’s price does not seem to reflect stubborn messages. The NANS analyst suggested that the market seems to be saturated for a moment and more “reactive to negative moods than positive messages.”

Ali Martinez said that Bitcoin looks “prepared for a breakthrough”, emphasizing the almost two -week symmetrical triangle on the BTC chart. After a recent price efficiency, the cryptocurrency tested the upper line of the pattern trend, suggesting that another one may be close again.

Nevertheless, the analyst stated that confirmation of the breakthrough would be crucial before the next BTC movement.

Btc price eyes 150,000 USD TOP

Crypto Jelle considers This Bitcoin is preparing to start the next leg. “BTC explosives usually start after the first consolidation of price discovery”, which according to other analysts.

Rekkt Capital said that Bitcoin intends to start rejecting the second price, because BTC has completed the first correction of the price of its parabolic phase after wearing.

According to Jelle’s Post Bitcoin, he gained 577% in 133 days in 2017, while he recorded an raise of 70% in 56 days in 2021. In addition, he indicated another signal that could shed some lightweight on the top of BTC in this cycle. The analyst confirmed: “Bitcoin exceeding the 2-year-old multiplier has a historically excellent signal.”

Bitcoin after passing above the 5x multiplier in the first two cycles. Meanwhile, it did not hit the last cycle until the “marking of the 5x multiplier – much above the 4x multiplier”, suggesting that a decreasing trend may form.

However, Jelle confirms that even if the BTC price only goes to the 3x multiplier in this cycle, the price is still ready for significant growth. According to the chart, the potential multiplier of the cycle is addressed to the 152,000 USD mark.

Bitcoin trades on $ 98,24 from this magazine, which is an raise of 1.7% over the daily time frames.

A distinguished painting with unmplash.com, chart from tradingview.com