The analyst also mentioned that a clear and impulsive move above the local highs at $93,800 would send Bitcoin above $100,000, making the possibility of dropping to $72,000 unlikely until the next bear market. Related Reading: Major Hindrances To Dogecoin Price Hitting $1 According To This Crypto Analyst However, if that clear and impulsive move doesn’t happen, CrediBull Crypto stated that it would imply that the move is corrective and makes the odds of retesting the range between $70,000 and $72,000 exponentially higher.
Based on this, the analyst remarked that the party was just getting started, indicating that the flagship crypto is likely going much higher. Bitcoin Golden Ratio Multiplier Indicates Price Is Going Higher In an X post, CryptoCon highlighted how the Bitcoin Golden Multiplier Ratio indicates that the price is going much higher.
That means there is a lot of time for the bands to expand to higher prices, indicating that the Bitcoin price could rise higher. BTC Primed To Reclaim Local Highs Crypto analyst CrediBULL Crypto stated that the Bitcoin price looks primed to move to the local highs as long as the $87,700 level isn’t breached.
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