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Crypto analyst StockMoney Lizards has provided the latest updates Bitcoin price actionpredicting that the flagship code could reach $145,000 later this year. Analysts hinted at a doji pattern that supports this bullish prediction.
Analysts predict a rise in Bitcoin price to $145,000
in xPostStockmoney Lizards said the medium-term target for Bitcoin prices ranges between $135,000 and $145,000. He’s hoping BTC reaching these targets Later this year, between September and October. The analyst also touched on current price action and why he believes the flagship code will reach such a high height.
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Stockmoney noted that Bitcoin prices are traded at the higher levels of the correction channel, forming some doji at this level. He admitted that market participants didn’t know how many bounces they saw from BTC or at what level the cipher tested. He increased the chances of a local bottom being in BTC can retest $90,000 Up to $94,000.
Analysts said if he had to bet, he would probably predict that Bitcoin prices would again cause a height in the $90,000 range. BTC fell to a minimum of $98,000 last week, despite escalating Tensions between Israel and Iran. Bitcoin then recovered following a ceasefire between the two countries.
Stockmoney confirmed that the latest Bitcoin price action was a bullish formation as the flagship code had an impulsive move. He added that the current price measures are not the usual rotation of money that older traders sell and newer traders stack up at low ranges. Analysts also showed that BTC’s rally It is not even driven by the derivatives market.
BTC reaching at least $135,000
Crypto-analyst Crypto’s Titan It reflects Stockmoney’s prediction that Bitcoin could reach at least $135,000. in xPostanalysts declared that BTC’s path to this price target remains the same. He said Bitcoin is currently challenging its first Fibonacci expansion for $107,000 after breaking the key level and retesting.
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Once Bitcoin prices clear this Fibonacci extension, Titan from Crypto believes the next stop will be $135,000. He made it clear that the market structure supports this move, but it remains to be seen whether the momentum will continue. His accompanying charts showed that BTC could reach this Fibonacci Extension $135,000 By September, we will collaborate with Stockmoney’s forecast. The chart also suggests that BTC can be as much as $150,000 at some point.
At the time of writing, Bitcoin prices have been traded for around $108,200 over the past 24 hours. data From CoinMarketCap.
Pixabay featured images, charts on tradingView.com
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