Analyst Tony Severino suggests that the current ceiling for Bitcoin's price is $137,000, with a floor at $39,000. He believes that investors could double their investments if Bitcoin reaches the ceiling but warns of a 50% drop if it hits the floor. However, Severino's target for the bull top is between $160,000 and $180,000, indicating that the $137,000 ceiling could increase in the future. It is likely that Bitcoin will continue to rise and may reach new highs in the coming months, based on historical trends after the US presidential elections. Other analysts also predict a rally to $100,000 for Bitcoin. The current price of Bitcoin is around $74,800.
- Content Editor ( newsbtc.com )
- 2024-11-08
Analyst Puts Bitcoin Price Ceiling At $137,000, But Is This The Highest BTC Can Go?