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With the price of bitcoin back above $100,000, there have been discussions about what could mark the cycle top for the flagship cryptocurrency. Cryptographic analyst <a target="_blank" href="https://bitcoinist.com/bitcoin-top-analyst-stop-rally/” rel=”nofollow”>Tony Severino has provided some insights in this regard, revealing what target price could be considered the market top.
Potential Cycle High for bitcoin Price
in a <a target="_blank" href="https://x.com/tonythebullBTC/status/1879541270432899191″ rel=”nofollow”>x publicationTony Severino suggested that bitcoin's price cycle high could be around $170,000. This came as he noted that a 90% rise could bring the flagship cryptocurrency to this price level. He added that it is at this level that the cycle tops can then be considered, indicating that the <a target="_blank" href="https://bitcoinist.com/bitcoin-bull-run-market-top/” rel=”nofollow”>btc up in this cycle it would probably be around this range.
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The crypto analyst also discussed the current bitcoin price action. He commented that a new contraction in the middle of the trend may lead to a continuation of the uptrend. Severino added that bitcoin above $105,000 becomes interesting, suggesting that this is where the flagship cryptocurrency could witness a parabolic rally to a new all-time high (ATH).
Severino alluded to the last time bitcoin price rose to the lower band before moving to the upper band. In addition, he commented that from the minimum of the wick in the lower band to the local maximum there was a movement of 90%. As such, this is why the analyst is confident that bitcoin could witness another 90% surge to the $170,000 target before the <a target="_blank" href="https://bitcoinist.com/the-bitcoin-cycle-top-could-hit-in-october-2025-analyst-explains-why/” rel=”nofollow”>top of cycle is inside.
Until now, the crypto analyst had also assured that the price of bitcoin remains bullish due to the <a target="_blank" href="https://bitcoinist.com/bitcoin-price-remains-bullish/” rel=”nofollow”>monthly stochastic oscillatorwhich is still above 80. The tool is used to measure momentum, and the indicator being above 80 typically suggests strong bullish momentum. Historically, the monthly stochastic above 80 has also led to a continuation of the btc rally.
Holding $100,000 as support is crucial
In a post crypto analyst Jelle suggested that bitcoin price with $100,000 as support is the most crucial next step for the continuation of the uptrend. He noted that bitcoin is reaching the $100,000 resistance level, which also aligns with the local downtrend line.
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The crypto analyst commented that he expects a bitcoin price breakout soon. He also predicts there will be much higher prices once that happens. In another x post, Jelle alluded to The bitcoin Funding Ratewhich is currently in green. In line with this, he stated that the flagship cryptocurrency would be “red hot” for weeks before this bull cycle ends.
At the time of writing, bitcoin price is trading at around $99,700, up more than 2% in the last 24 hours, according to <a target="_blank" href="https://coinmarketcap.com/currencies/bitcoin/” rel=”nofollow”>data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
