Crypto Analyzer Tony Severino Bitcoin provides an ultra-gooey outlook for the price, stating that the flagship crypto could go as high as $321,000. The analyst admitted that the target was too high for BTC but added that it was only “math.
Bitcoin price to reach $ 321,000 in this market cycle
one in Direct postTony Severino predicted that the Bitcoin price could make it as high as $321,000 through the bulls. It is highlighted as a possibility, as the analyst Head and shoulders method That was built on the chart of Bitcoin. The analyst claimed that if the bullish pattern was valid, it projects a maximum target of 331,000 per BTC.
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Severino admitted that this price target for Bitcoin price is too high but commented that it is “mathematical.” Interestingly, the crypto analyst went on to give a higher price prediction for the flagship crypto based on another bullish pattern. . According to him, BTC can reach 345,000 if it touches the upper limit. Primary uptrend channel In the last 8 years or so.
Meanwhile, Severno also provided conservative targets for the Bitcoin price. Analysts predicted that BTC could touch at least 158,000. This came as he noted that the 2021 cycle peak Reverse Fibonacci Extension 2025 cycle can project to the top. If so, he stated that this peak inverse fib extension is located in the lowest estimates of BTC at $158,000.
The crypto analyst added that the 1.618 fib extension would add to the injection from the top of wave 3. Based on this, he added that 000 calls for a possible target of 194,000.
Severino provided another version that projects the sub-18 fiber extension below the sub-V III of 5. If it plays, BTC, 000 can reach a small injection of 186,000. Finally, crypto analysts also raised the possibility of Bitcoin price at 191,000. He highlighted a Bull patternWhich, if eligible, can send BTC to this target.
BTC price action in the short term
Crypto Analyzer Ali Martins Provided insight into Bitcoin price action over a short period of time. In an X post, he said that the major support level for Bitcoin is 97,877, where more than 101,000 BTC was accumulated. The analyst added that it is important to maintain the bullish pace for the flagship crypto above this level.
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In another X post, the crypto analyst gave a bullish outlook for the Bitcoin price. He noted that the number of BTC transactions From 15,620 to 32,320, 000 has more than doubled to 100,000.
At the time of writing, the Bitcoin price is down about 1% in the last 24 hours. data From Coinmarket.
Featured image from Non-Plastic, Charts from TradingVis.com
