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

Quick Summary:

As such, his $180,000 market top target could become more feasible in the next few months.  While it remains to be seen whether the Bitcoin price could reach this $137,000 ceiling or even the $180,000 bull top target, it is almost certain that the flagship crypto might never drop to the $39,000 floor again.

This has raised questions about whether this is the highest point that the flagship crypto can reach in this market cycle, and the analyst also provided some answers.  Bitcoin Price Ceiling Is At $137,000 Tony Severino mentioned in an X post that the current ceiling for the Bitcoin price is $137,000, while its floor is around $39,000.

He added that it shouldn’t be long before the falling wedge pattern on Bitcoin’s chart plays with a rise to $100,000, the potential target.  The Most Bullish Background For Bitcoin At The Moment Crypto analyst CrediBULL, who had before now been bearish, said that this could arguably be the most bullish background for Bitcoin, with the elections over and Donald Trump’s victory.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Crypto Btcusd BTCUSDT Crypto analyst Crypto news Btc Btc price BTC news Analyst Bitcoin Bitcoin news Bitcoin price Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 01:00:01 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 462 words

Reading Time: 3 minutes read

Sentences: 68 lines

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Copyright Owner: © NewsBTC

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