- Bullish $180,000 to $200,000 Bitcoin targets loading.
- The price of the pioneer crypto Bitcoin seems to be fully bullish at this time.
- Analyst confirms that BTC is moving steadily towards its next ATH targets.
Bullish sentiments on the rise as Bitcoin (BTC) price clings to the mid $90,000 price range. Presently, the price of BTC is bouncing between $95,000 and $96,000 which the crypto market has moved from a ‘fear’ state to a ‘neutral’ state. One reputed analyst declares bullish Bitcoin targets loading and sets ATH BTC price targets between $180,000 and $200,000 for the coming months ahead.
$180,000 to $200,000 Bitcoin Targets Loading
As we can see from the post above, this reputed analyst shares his latest take on what to expect for the crypto market in the coming weeks ahead. To elaborate, this analyst unveils a short term and long term market breakdown, but not before briefing traders about relevant technical and psychological analysis that confirms how Bitcoin has remained extremely bullish and will continue in a sideways movement between $90,000 and $110,000 before a greater upwards surge.
To start off, the analyst highlights how Bitcoin being back in the $90,000 price range is an extremely positive sign and commends his perfectly predicted call of BTC pumping to the $90,000 price range from the $70,000 price range. Having highlighted that, the analyst launches into his short term market breakdown. Here, Bitcoin is expected to move sideways between $90,000 and $110,000 exhibiting strong buy pressure at $90,000 and heavy sell orders near the psychological barrier of $100,000.
Bitcoin Steadily Moves Towards New ATH Targets
Next, the analyst confirms that what we are seeing is a classic war between bulls and bears supported by a tight accumulation zone just like in previous cycles before big breakouts. There is also a fair value gap sitting right at $90,000 on top of a big liquidity pool, meaning that if BTC were to dip to that level, large buy orders will be triggered, fair value gap will be fulfilled, and liquidity will be taken which makes the perfect zone to add more to BTC long orders.
Meanwhile, sellers are stacked above and market makers are using this volatility to trap retail traders. The analyst reveals his intention to hold until at least $110,000 and from there start taking profits progressively until BTC price hits new ATHs between $180,000 and $200,000, which he expects to be the current cycle top target for Bitcoin this year.
Finally, he shares his long-term market breakdown. Looking at hard data, the analysts, like many other financial experts, expect the FED to cut rates as inflation drops further and the labor market deteriorates. He marks these are the first clear signs of an incoming recession and hopes to see the FED respond quickly. Despite this expectation, the analyst confirms that the crypto market is still fully bullish and awaits BTC price to hit $180,000 to $200,000 in the coming months ahead.
