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The price of Bitcoins is currently high because it has gathered to the recent all time (ATH) in the amount of USD 111,800 on May 22. Now the cryptographic analyst of Tony Severino has predicted that this rally would probably keep BTC reaches USD 120,000 At some point.
The bitcoin price will reach USD 120,000 after this turn
IN X PostTony Severino predicted that the price of Bitcoins can reach $ 116,000 to 120,000 after a breakthrough from USD 106,000. This forecast came just before BTC has passed Previous ATH in the amount of USD 109 100 On May 21, the analyst stated that the flagship crypto may witness a “long, white candlestick” leading to the rally to this range.
He also warned that the lack of a break above the range of $ 106,000 could lead to withdrawal when the lower rush of the frame begins to disappear. In another post, Severino explained why the break was significant, noting that these breaks in Bitcoins price They usually offer a balanced tiny -term trend to drive higher. He added that RSI over 70 in a 3-day time should be served by RSI over 70.
The price of Bitcoins currently has an ultra-bullish perspective, increased above USD 110,000 and has reached a recent ATH in the amount of USD 111,800. Commenting on the rapid growth of the recent ATH, Severino admitted that he was wrong about the bear’s thesis, stating that it was Basics of macro He led techniques during this rally.
The cryptographic analyst is convinced that the Bitcoin price may escalate. In his latest analysis, he revealed that the BTC quarterly has just caused an excellent TD9 sales configuration. He added that the only other moment was in the fourth quarter of 2017, which was the most stubborn quarter in the history of cryptocurrencies. Bitcoin finally increased by over 350% above the open candlestick.
If the story repeated itself, Severino predicts that the movement will be “fast, brutal and more” earlier than anyone can imagine. He noticed that UP seems to be a chosen direction that is positive at the Bitcoin price.
The Golden Cross comes to BTC
In the post x, Titan of Crypto cryptographic analyst He stated that the Golden Cross arrives at the Bitcoins price. He noticed that BTC repeats the same pattern and the death of the death takes place in front of the Golden Cross. The analyst added that the last time it happened, it caused a grave rally.
In another post, Titan of Crypto predicted that the price of bitcoins could escalate to USD 135,000. He said that the goal is still playing and BTC can reach this price level this year. Meanwhile, Veteran analyst Peter Brandt He suggested that Bitcoin could collect from USD 125,000 to 150,000 to August.
At the time of writing this text data with coinmarketcap.
A distinguished picture from Getty Images, chart from TradingView.com
