Bitcoin Price Above $100,000 Renews Hope, Analyst Reveals The Cycle Top

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Bitcoin Price Above $100,000 Renews Hope, Analyst Reveals The Cycle Top - NewsBTC

Quick Summary:

Historically, the monthly stochastic being above 80 has also led to a continuation of the BTC rally. Holding $100,000 As Support Is Crucial In an X post, crypto analyst Jelle suggested that the Bitcoin price holding $100,000 as support is the next most crucial step for a continuation of the upward trend.

He added that it is at this level that the cycle tops can then be considered, indicating that the BTC top in this cycle would likely be around this range. Related Reading: Shiba Inu Price Gearing Up To Fly After Lows, Here’s The Target The crypto analyst also discussed the current Bitcoin price action.

He noted that Bitcoin is pushing into the $100,000 resistance level, which lines up with the local downtrend line as well. Related Reading: Pundit Says Bitcoin Price Will Break Above $100,000 If This Happens The crypto analyst remarked that he expects a Bitcoin price breakout soon.