- Bullish $260,000 Bitcoin cycle top price expected.
- Analyst sets the next BTC ATH target at $148,000.
- BTC Dominance may fall but new ATH targets are expected.
The price of Bitcoin continues to stagger in the $96,000 price range as it struggles to reclaim its 6-digit price range. The pioneer crypto asset is highly anticipated to hit much higher highs in the coming months of the New Year with expected ATH targets of $150,000 to $250,000. But when are these targets expected to arrive for Bitcoin?
According to the Bitcoin Dominance factor, BTC Dominance may fall in the coming days making way for altcoins to take over. This expectation is based on the fact that historically every Q1 following a Bitcoin Halving year has led to the peak of the altseason and the ongoing quarter is expected to usher in the same bullish phase for this bull cycle.
$260,000 Bitcoin Cycle Top Price
However, despite BTC Dominance expected to fall, expectations for a much greater bull cycle top price for Bitcoin (BTC) continues to grow. As we can see from the post above, this analyst notices how last cycle Bitcoin hit the 2 year MA x5 (red line) during the true cycle top. If history were to repeat itself then the BTC cycle top price could be well above the $260,000 price target.
Next BTC ATH Target at $148,000
Meanwhile, another popular crypto analyst shares his prediction for what could be the next bull pump target for BTC price. As we can see from the post above, this analyst sees a Bitcoin bull pennant forming which could pump the price of BTC to the $148,000 price target as its next ATH price.
