• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Bitcoin

Analyst Puts Bitcoin Price Ceiling At $137,000, But Is This The Highest BTC Can Go?

n70products by n70products
November 8, 2024
in Bitcoin
0
Analyst Puts Bitcoin Price Ceiling At $137,000, But Is This The Highest BTC Can Go?
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter



Este artículo también está disponible en español.

Analyst Tony Severino has revealed that the Bitcoin value at the moment has a ceiling of $137,000. This has raised questions on whether or not that is the very best level that the flagship crypto can attain on this market cycle, and the analyst additionally offered some solutions. 

Bitcoin Value Ceiling Is At $137,000

Tony Severino talked about in an X submit that the present ceiling for the Bitcoin value is $137,000, whereas its flooring is round $39,000. He famous that traders might double their investments from Bitcoin’s present value if the crypto reached this goal. In the meantime, a decline to the present flooring represents a 50% drop. 

Associated Studying

When requested if the $137,000 was the goal for the bull top, the analyst responded that his goal was between $160,000 and $180,000. He remarked that $137,000 is simply the ceiling as of this month and rises as time goes by. As such, his $180,000 market high goal might turn into extra possible within the subsequent few months. 

Whereas it stays to be seen whether or not the Bitcoin value might attain this $137,000 ceiling and even the $180,000 bull high goal, it’s nearly sure that the flagship crypto would possibly by no means drop to the $39,000 flooring once more. That is primarily based on historic traits that present that Bitcoin by no means falls under its pre-election stage after the US presidential elections have concluded. 

Subsequently, the subsequent leg of the bull run has doubtless begun, and the flagship crypto will doubtless proceed to hit new highs within the coming months. In an X post, crypto analyst Jelle revealed that the Bitcoin value has resumed its uptrend after seven months of sideways motion. He added that it shouldn’t be lengthy earlier than the falling wedge sample on Bitcoin’s chart performs with an increase to $100,000, the potential goal. 

Bitcoin price 1
Supply: X

The Most Bullish Background For Bitcoin At The Second

Crypto analyst CrediBULL, who had prior to now been bearish, stated that this might arguably be essentially the most bullish background for Bitcoin, with the elections over and Donald Trump’s victory. He added that if these are the basics driving the market, then the Bitcoin value is unlikely to drop to $68,000 once more. 

Associated Studying

Bitcoin price 2
Supply: X

He additionally advised that this is perhaps the proper time to turn into bullish on the Bitcoin value because the run to $100,000 might need begun. Nonetheless, he warned that any violations of the $68,700 stage would “drastically” weaken the bullish argument and strengthen the bear case additional. 

Analyst Justin Bennett additionally commented on the potential Bitcoin value rally to $100,000. He stated that if danger belongings can survive the Fed’s FOMC assembly as we speak, this may very well be the transfer to $100,000 everybody has waited for. 

On the time of writing, the Bitcoin value is buying and selling at round $74,800, up within the final 24 hours, based on knowledge from CoinMarketCap.

Bitcoin price chart from Tradingview.com
BTC value stays excessive | Supply: BTCUSD on Tradingview.com

Featured picture created with Dall.E, chart from Tradingview.com



Source link

Tags: AnalystBitcoinBTCCeilingHighestPricePuts
Previous Post

269 Pro-Crypto Candidates Voted In to House of Representatives and Senate: Stand With Crypto

Next Post

Trump talk is enough to fire up a crypto boom

Next Post
Trump talk is enough to fire up a crypto boom

Trump talk is enough to fire up a crypto boom

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Ethereum Forms Long-Legged Doji On Monthly Chart – Reversal Or Just A Pause?

Ethereum Forms Long-Legged Doji On Monthly Chart – Reversal Or Just A Pause?

May 3, 2025
BNB Rally To All-Time High Grows Strong, But This Crucial Zone Must Hold

BNB Rally To All-Time High Grows Strong, But This Crucial Zone Must Hold

May 22, 2025

‘Pains Me to Say It’: Large-Cap Memecoin To Keep Bleeding, According to Crypto Trader – Here Are His Targets

August 30, 2024

Recents

Bitcoin Sharpe Ratio Says It’s Time For ‘Cautious Optimism’ — Further Upside Growth Incoming?

Bitcoin Sharpe Ratio Says It’s Time For ‘Cautious Optimism’ — Further Upside Growth Incoming?

June 1, 2025
Major crypto hacks fell 40% in May, says PeckShield

Major crypto hacks fell 40% in May, says PeckShield

June 1, 2025
XRP Multi-Timeframe Breakdown: Here’s What Comes Next

XRP Multi-Timeframe Breakdown: Here’s What Comes Next

June 1, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high hits Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version