Bitcoin Price Prediction: Major Analysts Say BTC Is Headed For 6-Digit ATH



Major
crypto
analysts


have
weighed
in
on
the


Bitcoin
future
trajectory
,
especially
as
the
flagship
crypto
has
maintained
a
tepid
price
action
and
has
continued
to
consolidate
since
the
halving
took
place.
These
analysts
predict
that
Bitcoin
will
soon
rise
and
climb
to
a
six-digit


all-time
high
(ATH)

Bitcoin
To
Rise
To
$100,000


Crypto
analyst
CrediBULL
Crypto


predicted
in
an
X
(formerly
Twitter)


post


that
Bitcoin
would


rise
to
$100,000


on
its
next
leg
up.
He
claimed
that
this
upward
trend
would
begin
in
the
next
seven
to
ten
days,
stating
that
BTC
will
“absolutely
giga
send”
when
that
time
comes.
The
analyst
made
these
remarks
while
suggesting
that
the
worst
was
over
for
Bitcoin. 

How To Get Free Crypto  


Related
Reading


He
alluded
to
the
“brutal”
price
correction
that
Bitcoin
underwent
shortly
before
and
after
the


halving
,
with
the
flagship
crypto
experiencing
a
20%
price
drop.
As
such,
he
believes
that
BTC
is
unlikely
to
decline
that
much
again
from
its
current
price
level. 


Instead,
CrediBULL
Crypto
claimed
that
the
downside
is
now
limited
to
$60,000
and
that,
realistically,
Bitcoin
can’t
drop
below
$62,000
and
$63,000.
Whatever
happens,
he
expects
the
Bitcoin
pump
to
begin
in
the
next
ten
days,
which
would


send
it
to
$100,000
.  


In
another
X
post,
CrediBULL
Crypto
stated
that
things
were
looking
good
for
Bitcoin.
He
suggested
that
the
bears
would
get
shaken
out
of
their
positions
once
Bitcoin
clears
the
asks
that
are
above
its
current
price
level.
He
also
noted
that


Bitcoin’s
open
interest


is
dropping
a
bit
because
the
short
positions
are
already
starting
to
cover,
and
the
spot
premium
is
returning
for
the
first
time
since
May
20th. 

Coinbase Banner  
Source:
X


Interestingly,
CrediBULL
had


earlier
predicted


that
Bitcoin
would
experience
a
price
decline
to
$66,000.
He
had
made
this
prediction
as
part
of
a
bigger
picture,
which
would
send
BTC’s
price
rallying
above
$71,000
following
the
price
correction.
Seeing
as
the
drop
to
$66,000
has
occurred,
CrediBULL
suggested
that
it
was
time
for
the
upward
trend
to
begin. 

Source:
X

BitcBTCoin
Still
Headed
For
$173,000


Crypto
analyst
Egrag
Crypto


has
given
a
more
bullish
price
for
prediction,


stating


that
the
next
target
for
the
flagship
crypto
is
$173,000.
He
made
this
assertion
while
noting
that
Bitcoin’s
current
price
action
is
currently
mirroring
its
price
action
in
the


2017
market
cycle
,
consolidating
around
Fib
1.0
just
like
it
did
back
then. 


Related
Reading

Source:
X


He
highlighted
that
Bitcoin
had
four
monthly
candles
followed
by
an
“explosive
fifth
one”
back
in
2017.
According
to
Egrag,
the
same
thing
is
happening
again,
with
Bitcoin
already
showing
four
monthly
candles
while
consolidating
around
its


previous
ATH
.
As
such,
he
believes
the
explosive
fifth
candle


will
come
in
July
,
just
like
in
2017. 

BTC
price
recovers
to
$69,800
|
Source:

BTCUSD
on
Tradingview.com

Featured
image
created
with
Dall.E,
chart
from
Tradingview.com

Go to Source
Author: Scott Matherson


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

FreeBitcoin Banner  

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

You May Also Like

More From Author

This site uses Akismet to reduce spam. Learn how your comment data is processed.