- Analysts take a close look at the latest updates in the crypto market.
- One analyst notices a mimicking pattern to the 2016-2017 bull cycle.
- They expect a new ATH at $120,000 or $150,000 soon.
ATH targets for Bitcoin (BTC) shift higher as analysts flock to the latest market updates and insights to see how they can reflect on the next BTC AH targets. So far, most analysts expected BTC price to shoot to $113,000 to $120,000 as its next ATH targets, but the latest market insights are pointing to much higher highs.
Next BTC ATH Target Above $120,000?
As we can see from the post above, this analyst marks one move that will likely propel the next BTC ATH directly to a price above $120,000. In detail, he says that the signing of a Digital Asset Executive Order today led to the breakout of BTC price from a Bullish Pennant pattern. As a result, BTC is preparing to soar to the $120,000 and above price target.
Bitcoin Aims at Next ATH Target of $150,000
Meanwhile, another report based on the pioneer crypto asset’s previous bull cycles and their price action says $120,000 is a small target. As we can see from the post above, this says that Bitcoin’s price action seems to be mimicking the 2016 and 2017 cycle hinting at BTC price possibly soaring to hit $150,000 as a possible ATH target.
The post goes on to say that if BTC price were to hit $150,000 then it would give short-term holders an average of 66% profit and long-term holders an average of 509% profit. All in all, it looks like expectations are incredibly high for Bitcoin and the greater crypto market and the market sentiment is yet to enter the ‘Extreme Greed’ phase.
