- Analyst suggests a conservative prediction of $108,000 as Bitcoin (BTC) cycle top.
- Other analysts weigh in and suggest much higher numbers.
- One analyst says a big explosion will come in 1-6 months caused by RWA tokenization.
As the crypto market slips into what is expected to be a steady lull of sideways movement, crypto analysts try to chart out the top for this Bitcoin (BTC) bull cycle. Of the many varying analysis’ one grabs the attention of the community today.
According to this analysts’ prediction, the Bitcoin cycle top will take the price of $108,000 per Bitcoin (BTC). He says this will occur assuming that returns will diminish as the market matures. He also adds that the Fibonacci circle hints at the fact that Bitcoin (BTC) price could go even higher and marks this a conservative prediction.
Responses to this prediction are highly bullish as many other members of the crypto community say higher targets are likely for this cycle’s bull market top. Another mentions $118,000 market top saying and possibly even $140,000.
Meanwhile, another popular crypto market analyst goes on to list why a massive bull surge could take place in the coming few months. To highlight, he marks a long list of bullish market movements that could lead to an epic rally.
Specifically, he mentions how Mastercard, Visa and other massive banks like Citigroup and JP Morgan are all exploring tokenized options for settlements via a regulated settlement network. While many expect this network to be XRP, the fact still remains.
A huge explosion for crypto could arrive through RWA tokenization and the market could unlock trillions. The same analyst mentions that $2 billion worth of Bitcoin and Ethereum options will expire today.
Despite the analyst expecting a massive surge to arrive now, another analyst mentions that this is the start of a long and boring sideways movement. According to him, the next 1-6 months could be slow and create the illusion of the end of the bull market. However, it is important to remain patient because the peak and mega rally are still on the way.
