Top crypto Analysts have intervened in the bitcoin-analyst-upside-btc-price/” rel=”nofollow”>bitcoin Future Trajectory, especially as the flagship cryptocurrency has maintained tepid price action and continued to consolidate since the halving occurred. These analysts predict that bitcoin will soon rise and reach six digits. bitcoin-breaks-through-69000-setting-new-record/” rel=”nofollow”>all-time high (ATH).
bitcoin will rise to $100,000
crypto-analyst-bullish-on-ethereum-and-xrp/” rel=”nofollow”>crypto Analyst CrediBULL crypto predicted in an x (formerly twitter) x.com/CredibleCrypto/status/1799444322292560366″ rel=”nofollow”>mail that bitcoin go up to $100,000 in its next ascending section. He claimed that this bullish trend would begin in the next seven to ten days, stating that btc will “absolutely send a gig” when that time comes. The analyst made these comments while suggesting that the worst was over for bitcoin.
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He alluded to the “brutal” price correction that bitcoin suffered shortly before and after the bitcoin-halving-investors-btc/” rel=”nofollow”>reduce by half, and the flagship cryptocurrency saw a 20% price drop. As such, he believes it is unlikely that btc will go down that much again from its current price level.
Instead, CrediBULL crypto stated that the downside is now capped at $60,000 and that bitcoin realistically cannot drop below $62,000 and $63,000. Whatever happens, expect bitcoin pumping to begin in the next ten days, which bitcoin-ceo-makes-bold-prediction/” rel=”nofollow”>send it to $100,000.
In another x post, CrediBULL crypto stated that things were looking good for bitcoin. He suggested that bears would be pushed out of their positions once bitcoin removes requests that are above its current price level. He also pointed out that bitcoin-open-interest-new-all-time-high-price-next/#:~:text=The%20%E2%80%9COpen%20Interest%E2%80%9D%20here%20refers,currently%20open%20on%20all%20exchanges.&text=When%20the%20value%20of%20this,on%20the%20market%20right%20now.” rel=”nofollow”>bitcoin open interest is coming down a bit because short positions are already starting to be covered and the spot premium is returning for the first time since May 20.
Interestingly, CrediBULL had x.com/CredibleCrypto/status/1798377769166127454″ rel=”nofollow”>previously predicted that bitcoin would experience a price drop to $66,000. He had made this prediction as part of a larger picture, which would see the btc price rise above $71,000 after the price correction. Seeing the drop to $66,000 occur, CrediBULL suggested that it was time for the uptrend to begin.
BitcBTCoin still heading for $173,000
crypto Analyst Egrag crypto has given a more bullish price for the prediction, x.com/egragcrypto/status/1800401378302460124″ rel=”nofollow”>indicating that the next target for the flagship cryptocurrency is $173,000. He made this statement while noting that bitcoin's current price action currently reflects its price action in the bitcoin-just-broke-a-descending-trendline-from-2017-is-the-bull-market-here/” rel=”nofollow”>2017 market cycleconsolidating around Fib 1.0 just as it did back then.
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He highlighted that bitcoin had four monthly candles followed by an “explosive fifth candle” in 2017. According to Egrag, the same thing is happening again, with bitcoin already showing four monthly candles as it consolidates around its previous ATH. As such, he believes that the explosive fifth candle ethereum-spot-etfs-trading/#:~:text=Bloomberg%20analyst%20James%20Seyffart%20has,approval%20would%20come%20this%20week.” rel=”nofollow”>will come in julyjust like in 2017.
Featured image created with Dall.E, chart from Tradingview.com
