Crypto analyst Tony Severino A comparison has been made between current Bitcoin prices and the 2017 bull-run. According to the analyst, it is possible that the crypto’s flagship could see an 80% increase from its current price.
Bitcoin Price Expects an 80% Increase if History Repetition.
Then, you can also find out more about the following: X postTony Severino said that history could repeat itself and the Bitcoin price would rise to $190,000. The analyst was comparing the Bitcoin Elliott Wave counts of 2024 and 2017, which showed that Bitcoin’s price could mimic the movement seen in the 2017 bull run.
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This chart by the analyst showed that Bitcoin’s price has increased. could reach $190,000 The price of this crypto is the highest it will ever be in the cycle. It is similar to when Bitcoin rose in 2017, from $7.550 to its peak at $19,000.
Charts showed how the Bitcoin rally will occur. First, Bitcoin may retrace back to approximately $104,000. Then, it could rally up to roughly $123,000. price correction to $96,000. Bitcoin’s price could reach $190,000. This is based on Wave 5 of the impulsive movement.
The Bitcoin price has completed the Wave count that began in late October just before Donald Trump was elected US president. Bitcoin has been on a bullish streak since late October, and continues to hit new highs. Recently, the flagship cryptocurrency surpassed $107,000 amid growing optimism that Donald Trump’s administration will bring about the. Strategic Bitcoin Reserve.
BTC could reach $125,000 before the year ends
Crypto analyst Justin Bennett The analyst predicted that Bitcoin could hit $125,000 by the end of the year. Analysts predicted that Bitcoin would reach $125,000 by the end of this year. “full Santa Claus” Mode isn’t slowing down. Bennett said that it might be difficult to find pullbacks through the year’s end.
According to the crypto analyst, any pullback in price is highly unlikely. This speculation has led many people to believe that Bitcoin could become an asset of US reserves under Donald Trump. Bennett agreed, saying he would not be surprised to see Bitcoin’s price reach $116,000 and beyond. even $125,000 Before the end December.
Crypto analyst Titan of Crypto Bitcoin’s price is continuing to rise to the sky. Analyst predicted the price of Bitcoin could reach as high as $158,000. However, his chart indicated that this would occur next year.
Bitcoin’s price has risen by around $5,559 in the past 24 hours. data CoinMarketCap.
Featured Image created using Dall.E and chart from Tradingview.com
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Source: www.newsbtc.com
