BitcoinThe recent bullish strength has fueled speculation within the crypto community about a move to the $100,000 level and beyond in the current market cycle as many crypto experts predict that the digital asset could soon see a rally in the price range.
Bitcoin on its way to $100,000 and beyond the inevitable
As the community expects Bitcoin to rise to a 6-figure value, market analyst and investor Ali Martínez has said predicted BTC price increased $150,000 mark Providing insight on the potential timeline for milestones in the ongoing cycle.
Ali Martínez’s bold prediction has generated excitement among investors and traders, thanks to the market trends cited in the last two bullish cycles, which often lead BTC to the upside in the following days. With bullish momentum increasing alongside positive market conditions, Martinez’s estimate adds to the growing optimism about BTC. Pricing Possibilities In the long run.
It is important to note that the price of BTC has been consolidating for a week after breaking its previous all-time high. Looking at the current price action of Bitcoin, the market expert claims that this price action is similar to the last two bullish cycles, suggesting a potentially massive bounce related to the leg up seen during this period.
If past trends repeat, Martínez expects BTC to make another major breakout to the $150,000 level in the next day or two. Furthermore, as the analyst predicts a bounce to the above levels, he warns of a potential 30% price correction This target will be achieved once in the coming days.
Another crypto analyst who predicts BTC to reach the $100,000 mark and beyond is Michael Van de Poppe, founder of MN Consultancy. While Ali Martínez expects the price of the digital asset to remain within the range in the next two days, Van de Poppe expects set up her timeline Between 1 to 2 months.
With BTC being hit in the middle $100,000 to $120,000 Over the next 1 to 2 months, Van de Poppe believes this significant surge will lead to an eventual crash on Ethereum, the second-largest crypto asset. However, after the development, the expert claims that an alternative season will start just like 2017.
The upward momentum still continues
BTC continues to show a bullish trend and remains above $93,000, raising hopes for further price gains. This powerful performance of btc It has attracted massive institutional and retail adoption, which could also act as a catalyst for price growth in the future.
Currently, the crypto asset is maintaining a healthy price trend at $93,301, which represents an increase of about 2% over the past day. Its market cap and trading volume are displaying positive activity with an increase of about 2% and 7.45% in the last 24 hours. As bulls gradually take control of the market, BTC could extend its bullish momentum to several important resistance levels such as $93,500 and its new all-time high above the $94,000 mark.
Featured image from Unsplash, chart from tradingview.com
