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The Bitcoin price is currently floating high and currently has a new advertisement for $ 111,800 of $ 111,800 on 22 May. BTC reaches $ 120,000 At some point.
Bitcoin price to reach $ 120,000 after this range breakdown
In one XPredicted Tony Severino that the Bitcoin price could reach between $ 116,000 and $ 120,000 after the outbreak of $ 106,000. This prediction came just before BTC is over Previous ATH of $ 109,100 on May 21. The analyst claimed that the flagship Crypto could see a “long, white candlestick” that led to the rally to this reach.
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He had also warned that the failure to break above the range of $ 106,000 could lead to a retracement, because the momentum of the lower time frame starts to decrease. In another message, Severino explained why the break -out of the range was considerable and noted that these pimples in The Bitcoin price Tend to offer a sustainable short -term trend to ride higher. He added that a valid breakout in the reach of the RSI above 70 should be supported on the 3 -day period.
The Bitcoin price currently has an Ultra-Bullish prospect, which has located above $ 110,000 and reached a new ATH of $ 111,800. Responding to the increase in a new ATH, Severino admitted that he was wrong about the Berthesis and explained that The Macro Fundamentals Led about this rally.
The Crypto analyst is convinced that the Bitcoin price can go much higher. In his latest analysis, he revealed that BTC’s quarter has just activated a perfected TD9 sales setup. He added that the only other time this happened, was in Q4 2017, which was the most bullish quarter in the crypto history. Bitcoin eventually rose by more than 350% above the open candlestick.
If history were to repeat, Severino predicts that the move would be “fast, violent and over” rather than someone can imagine. He noted that UP seems to be the chosen direction, which is positive for the Bitcoin price.
A Golden Cross comes in for BTC
In an X post, Crypto analyst Titan from Crypto stated that a golden cross income for the Bitcoin price. He noted that BTC repeats the same pattern, with a death cross in front of the Golden Cross. The analyst added that the last time this happened, it caused a big rally.
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In another message, Titan from Crypto predicted that the Bitcoin price could collect up to $ 135,000. He confirmed that the target is still playing, where BTC will probably reach this price level this year. In the meantime, Veteran -analyst Peter Brandt suggested that Bitcoin could collect between $ 125,000 and $ 150,000 by August.
At the time of writing, the Bitcoin price acts at around $ 111,300, an increase of more than 3% in the last 24 hours, according to facts Van Coinmarketcap.
Featured image of Getty Images, Chart van TradingView.com