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Virtual currency analyst Tony Seberno has shown a super bullish outlook on bitcoin prices and predicted that the main virtual currency could rise to $ 321,000. The analyst acknowledged that the goal was too high for the BTC, but it was just a “calculation.”
Bitcoin prices are expected to reach $ 321,000 in this market cycle
Tony Severino predicted that the bullish market could rise to $ 321,000 in the substack post. This happened when the analyst emphasized the potential head -and -shoulder pattern formed on the bitcoin chart. Analyst claimed that if this bullish pattern is valid, the maximum target will be $ 321,000 per BTC.
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Severino acknowledged that the target stock price for bitcoin prices was too high, but it was “calculation.” Interestingly, the cryptocurrency analyst continued to produce higher prices of the main cryptocurrency based on another bullish pattern. According to him, BTC could reach $ 345,000 if the BTC reached the upper limit of the major rise in the past eight years.
A bullish pattern suggests a path to $ 321,000 | Source: CoinChartist chart
Meanwhile, Severino also offered more conservative goals about Bitcoin prices. The analyst predicted that the BTC could reach at least $ 158,000. This was followed by the point that the reverse fifonuttation of Cycle Peak in 2021 could predict the cycle peak in 2025. If so, he stated that this peak reverse FIB extension was located in the BTC’s minimum estimated $ 158,000.
The cryptocurrency analyst also stated that another method that uses the 1.618 FIB extension includes predicting the target from the bottom of the wave 1 from the peak of the wave 3. Based on this, it has been added that it needs a potential target of $ 194,000.
Severino has provided another version that projects 1.618 FIB extensions from the top of 5 sub -wave III to the lower part of 5 sub -wave I. If this is executed, BTC may reach a slightly lower goal of $ 186,000. Finally, the cryptocurrency analyst also mentioned the possibility of peaking at $ 191,000. He emphasized a bullish pattern and said that if it was effective, BTC could be transferred to this target.
BTC short -term price trends
Crypto analyst Ali Martinez provided insights on short -term bitcoin price trends. In X’s post, he stated that the main support level of bitcoin was $ 97,877, accumulating more than 101,000 BTC. The analyst said that it is extremely important to maintain a level of power in order to maintain the bullish momentum of the main cryptocurrency.
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In another X post, cryptocurrency analyst showed a bullish outfit for bitcoin prices. He pointed out that the number of BTC transactions over $ 100,000 has doubled in the past week, increasing from $ 15,620 to $ 32,320.
According to CoinmarketCap data, the Bitcoin price was trading at about $ 104,300 at the time of writing this paper, dropping almost 1 % in the past 24 hours.
BTC is a 1D chart with $ 104,402 | Source: TradingView.com BTCUSDT
Featured images are provided from UNSPLASH and the chart is provided from TradingView.com
