- Bitcoin (BTC) price is over the $61,000 price mark again continuing its sideways movement.
- The asset is just coming off a major hidden bullish divergence pattern.
- If BTC can reclaim its $67,000 price target then it can move quickly to a $116,000 top target.
The price of Bitcoin (BTC) is back up over the $61,000 price mark leading to a slight rise in the Crypto Greed and Fear Index to a score of 30. This means that the crypto market is still in a fear sentiment but many crypto analysts see this as a major opportunity to accumulate.
Bitcoin Reclaims $61,000 Price Level
As Bitcoin (BTC) continues to waver in price between its slow sideways movement, many analysts continue to share their expectations for the pioneer crypto asset in the peak of the coming bull run phase.
While some expect another massive dip to hit the market, others are adamant that Bitcoin (BTC) price will only go up from here. The targets for the bullish price top for BTC this crypto bull run wavers between $110,000 and $220,000.
In particular, one analyst believes that Bitcoin (BTC) is on a trajectory towards setting a price target top of $116,652. He has shared multiple chart analyses to support his expectations and prediction for Bitcoin (BTC) price.
Bitcoin’s Trajectory to $116,652 Price Target Top
Based on the post above, the analyst says that Bitcoin (BTC) has maintained a confirmed Hidden Bullish Divergence. He says that a $116,000 price high is still in play despite the latest market dip and the currency crypto market state.
To highlight, he says that Bitcoin is still coming off a major Hidden Bullish Divergence pattern and the asset will soon push back over the $67,559 price target. He says once this price breakthrough plays out and holds, then Bitcoin will continue to march towards the $116,652 price high target.
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
