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Crypto-analyst Tony Severino Has given Ultra-Bullish prospects for the Bitcoin price and predicted that the flagship crypto could rise to as much as $ 321,000. The analyst admitted that this goal was too high for BTC, but added that it was just the ‘math’.
Bitcoin price reached in this market cycle $ 321,000
In one substitue messagepredicted Tony Severino that the Bitcoin price in this Bull Run could rise to as much as $ 321,000. This came when the analyst emphasized a potential Head and shoulders pattern who had formed on Bitcoin’s graph. The analyst claimed that if this bullish pattern was valid, it expects a maximum goal of $ 321,000 per BTC.
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Severino admitted that this price target for the Bitcoin price is too high, but noted that this is ‘mathematics’. Interestingly enough, the crypto analyst then gave a higher price forecast for the flagship crypto based on another bullish pattern. According to him, BTC could reach $ 345,000 if it reaches the upper limit of the dollar Primary upward trend channel in the past 8 years or so on.
In the meantime, Severino also gave more conservative objectives for the Bitcoin prize. The analyst predicted that BTC could reach at least $ 158,000. This came when he noticed that the CyclusSpiek had been reached from 2021 Reverse Fibonacci extension Could predict the Cycluspiek from 2025. If so, he stated that this peak-inverse FIB extension is under the lowest estimates for BTC with $ 158,000.
The crypto analyst also noted that another method to use the 1,618 FIB extension means projecting the goal from the top of Golf 3 from the bottom of Golf 1. Based on this, he added that this requires a potential target of $ 194,000.
Severino has delivered another version that projects the 1,618 FIB extension from the top of Subgolf III from 5 to the bottom of Subgolf I of 5. If this succeeds, BTC could achieve a slightly lower goal of $ 186,000. Finally, the crypto analyst also put the possibility that the Bitcoin price would reach a peak of $ 191,000. He emphasized A bullWhich, if valid, could send BTC to this goal.
BTC’s price promotion in the short term
Crypto-analyst Ali Martínez gave insight into the price action of Bitcoin in the short term. In an X-post he stated that the most important level of support for Bitcoin is $ 97,877, where more than 101,000 BTC were collected. The analyst also noted that retaining above this level is crucial to maintain the bullish momentum for the flagship crypto.
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In another X-message, the crypto analyst Bullish gave prospect for the Bitcoin prize. He noted that the number BTC transactions More than $ 100,000 has doubled last week, from $ 15,620 to $ 32,320.
At the time of writing, the Bitcoin price acts around $ 104,300, a decrease of almost 1% in the last 24 hours. facts van Coinmarketcap.
Featured image of Unsplash, graph of TradingView.com
