Bitcoin Price Touches $75,000 ATH: Analyst Says This Is What You Should Expect Next

Quick Summary:

Following this development, crypto analyst Tony Severino has revealed what to expect next from the flagship crypto.  Bitcoin Price Ready For "Fireworks” After New ATH In an X post, Tony Severino indicated that the Bitcoin price is ready to experience a parabolic rally, as he told market participants to expect fireworks above $75,000.

This provides a bullish outlook for Bitcoin and the broader crypto market since the US president-elect has publicly declared his support for Bitcoin and other cryptocurrencies.  Besides Trump coasting to victory, it is worth mentioning that the Bitcoin price has historically never been below the levels it was at on US presidential election days.

The crypto analyst also revealed that Bitcoin was approaching the 2-week upper Bollinger Band while the bands are the tightest in history according to the BBWidth.  Related Reading: Dogecoin Price Marks Local Bottom, Can Price Run 100% From Here Again?

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 14:00:29 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 442 words

Reading Time: 3 minutes read

Sentences: 66 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 23448586

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