The price of Bitcoin enters the upward phase after the formation of the cup and the handling of $ 105,000, here is the next objective

Cobravanguard cryptographic analyst He has revealed that the price of bitcoin has entered an upward phase after a cup formation and manage at $ 105,000. Based on this bullish pattern, the analyst highlighted the objective price that btc could reach when entering this ascending phase.

The price of bitcoin could recover at $ 123,000, as it enters the ascending phase

In Commercial vision postCobravanguard predicted that the price of bitcoin could recover at $ 123,000, since it enters the upward phase through the Cup and the management pattern. According to the analyst, btc is in a large cup and mango, and if this pattern follows, its price will have a good rally. His accompanying table showed that the bad cryptography could hit the Target price of $ 123,000.

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The analyst also revealed his gold analysis for the price of bitcoin, in which he revealed that the bad cryptography could recover as High as $ 260,000 In this market cycle. His accompanying table highlighted an ascending channel, which showed that btc could reach this goal if it reached the top of the channel.

Interestingly, other cryptographic analysts have provided higher objectives for the price of bitcoin in this market cycle. Cryptographic analyst Tony Severino predicted recently That btc could reach up to $ 321,000 in this cycle. He highlighted a potential head and shoulder pattern in the btc table and declared that the flagship cryptography could achieve this goal if the pattern was valid.

He also raised the possibility that the price of bitcoin will recover at $ 345,000. Severino explained that btc could reach this ambitious price objective if it touches the upper limit of the primary channel of upward trend in the last eight years or by way. Meanwhile, for its most conservative objectives, I predicted that the price of bitcoin could exceed between $ 158,000 and $ 191,000 in this market cycle.

Why btc has not yet reached its market

In the middle of the bearish signs that point to a top of the market, cryptographic analyst <a target="_blank" href="https://bitcoinist.com/bitcoin-level-at-97877-emerges-crucial-bullish-run/” target=”_blank” rel=”nofollow”>Ali Martínez He described several reasons why bitcoin's price still has more space to grow in this Toro race. First, he pointed out that cycle changes generally occur when btc exceeds 2.4x the simple 200 -day mobile average (SMA), which is currently at $ 184,600.

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In addition, Martínez declared that Mayer's multiple suggests that the price of bitcoin has more rise, with a potential market of around $ 182,000. From a technical perspective, the encryption analyst highlighted <a target="_blank" href="https://bitcoinist.com/bitcoin-bullish-cup-handle/” target=”_blank” rel=”nofollow”>bitcoin's Cup-And-Handle Breakout, which points towards an objective of $ 276,400. Finally, he alluded to the theory of the middle cycle, which suggests that btc could reach an upper part of the market between May and October 2025.

At the time of writing this article, the price of bitcoin is traded at around $ 104,700, almost 1% in the last 24 hours, according to <a target="_blank" href="https://coinmarketcap.com/currencies/bitcoin/” target=”_blank” rel=”nofollow”>data

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