Cryptocurrency analyst Seral predicted that Bitcoin price could reach an all-time high. Updated all-time high ($ATH) $145,000. The analyst also provided a timeline of when the leading cryptocurrency will reach this milestone.
When Bitcoin Price Could Reach $145,000
in ×postSerral said the price of Bitcoin will rise to $145,000 from October to November. The chart he attached showed how this rally could occur: $BTCRelative Strength Index (RSI) The chart also suggests that the major cryptocurrencies are poised for another rally and may already be forming a bottom. $ATH.
This Bitcoin price prediction looks like this: $BTC It continues to struggle to maintain the psychological $70,000 level. Major cryptocurrencies are under pressure due to the war between the US and Iran. US President Donald Trump threatens Unless Iran opens the Strait of Hormuz, the situation will escalate.
crypto analyst Ali Martinez pointed out He said he is currently in a wait-and-see stage as the Bitcoin price is at a crossroads. he said this $BTC Currently, the area between $70,685 and $65,636 is the most important on the chart. The analyst further revealed that it is over 1.72 million people. $BTC It is trading within this range, which means that “buyers and sellers are working very hard.”
Martinez added that he doesn’t expect any major moves. bitcoin price Until it exceeds $70,685 or falls below $65,636. crypto analyst aldi stated that $BTC remains in a bear market and argued that the rally over the past few weeks was due to short covering. Therefore, major cryptocurrencies are still at risk of significant depreciation.
bad economic background $BTC
crypto analyst Colin said They argue that economic conditions are bad for Bitcoin prices, with oil prices rising and the Fed unlikely to cut interest rates anytime soon. He also pointed out that this is bad for health $BTCconsidering that they are further up the risk curve than stocks. Based on this, Colin stated that eventually a collapse would occur. bear flaghas been trading internally since February.
Therefore, the question now is how long Bitcoin prices will sustain, the analyst said. He also pointed out that $BTC has been in a bear market since October 5th, and it’s only been 5 months. Colin said this means there may be more downside room than in a typical recession. bear market Lasts 12 months.
As of this writing, the price of Bitcoin has fallen over the past 24 hours and is trading at around $68,800. data From CoinMarketCap.
Featured image from Pixabay, chart from Tradingview.com
