The price of Bitcoin has continued to stay strong, ranging between $88,000 and $93,000, setting a new all-time high (ATH) at $93,434.36. Analysts expect Bitcoin to reach six-digit ATHs in the coming weeks, with some predicting it could reach anywhere from $100,000 to $520,000 by the end of the bull cycle in 2025. The Crypto Fear & Greed Index indicates extreme greed in the market, and the recent US presidential election and the "golden pocket" trading zone until Inauguration Day have further fueled market sentiment. An analyst believes that Bitcoin is ready to hit Level 3 of the Magic Bands and aims to reach its next ATH target at $98,720. The analyst predicts that the Cycle Top target for BTC is currently at $134,000, with expectations for the bull cycle top to occur in late 2025.
- Content Editor ( cryptonewsland.com )
- 2024-11-15
$134,000 Bull Cycle Top Predictions Comes to Light, as Analyst Observes BTC Magic Bands, Next Target $98,720