This article is also available in Spanish.
COPTO COBRAVANGUARD analyst He revealed that the price of Bitcoins entered the phase growing after creating a cup and creating a handle of USD 105,000. Based on this stubborn pattern, the analyst emphasized the target price that BTC can reach when it enters this growing phase.
The price of bitcoins can raise to USD 123,000 because it enters the growing phase
IN Post TradingviewCobravanguard predicted that the bitcoin price can collect up to USD 123,000, because it enters the phase growing according to the cup and handle pattern. According to the BTC analyst, it is in a enormous mug and a handle, and if it follows this pattern, its price will have a good rally. His companion chart showed that the flagship crypto can hit Price of USD 123,000.
The analyst also revealed his golden analysis of the Bitcoins price, in which he revealed that the flagship crypto could gather as High as $ 260,000 In this market cycle. His accompanying table emphasized the growing channel, which showed that BTC could hit this purpose if he reached the upper part of the channel.
Interestingly, other cryptography analysts provided higher Bitcoin prices in this market cycle. Cryptographic analyst Tony Severino recently foreseen that BTC can reach up to USD 321,000 in this cycle. He emphasized the potential pattern of the head and shoulders on the BTC chart and stated that the flagship crypto could achieve this goal if the pattern was valid.
He also raised the possibility of increasing Bitcoin prices to USD 345,000. Severino explained that BTC can reach this ambitious target price if it affects the upper border of the main growth channel over the past eight years or later. Meanwhile, for his more conservative goals, he predicted that the Bitcoin price may be the highest from USD 158,000 to 191,000 in this market cycle.
Why BTC has not yet reached its market
Among the bears of signals indicating the top of the market, a cryptographic analyst Ali Martinez Several reasons were presented why the price of Bitcoins still has more space for development in this bull. First of all, he noticed that cycle changes usually occur when BTC exceeds a 2.4x 200-day straight movable average (SMA), which is currently USD 184,600.
In addition, Martinez stated that Mayer Multiple suggests that the price of Bitcoins has a greater raise, with a potential highest market around USD 182,000. From a technical point of view, the cryptographic analyst emphasized Bitcoin’s Cup-Andrhle Breakout, which indicates the goal of 276 400 USD. Finally, he referred to the theory of the cycle by half, which suggests that BTC can reach the top of the market between May and October 2025.
At the time of writing this text data with coinmarketcap.
A distinguished painting from Istock, chart from tradingview.com
