Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Analysis: The price of Bitcoin will have to rise at least to $90,000 to $100,000 before it faces a new consolidation period or pullback

Analysis: The price of Bitcoin will have to rise at least to $90,000 to $100,000 before it faces a new consolidation period or pullback

Bitget2024/05/22 05:43
By:Bitget

PANews reported on May 22, according to Cointelegraph, a cryptocurrency trader nicknamed "Roman" stated in an interview that the current cryptocurrency market is in a "real bull market", with both fundamentals and technical aspects showing positive trends. He analyzed that although the price of Bitcoin had previously fallen from its historical high of $73,738 to $58,000, this adjustment has laid a solid foundation for future price increases. Roman specifically mentioned the "bullish reversal pattern" that appeared on this week's Bitcoin price chart, considering it as a strong signal indicating that it is unlikely for Bitcoin to enter a consolidation period before surpassing its historical high of $73,679 on March 12 and increasing by at least 20%. He asserted that the price of Bitcoin will rise to at least $90,000 to $100,000 before facing a new consolidation period or pullback.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Crypto ETF Weekly Report | Last week, US Bitcoin spot ETFs saw a net outflow of $87.7 million; US Ethereum spot ETFs saw a net outflow of $65.4 million

UAE-based Mashreq Capital has included bitcoin ETFs in its new multi-asset fund.

Chaincatcher2025/12/08 04:51
Crypto ETF Weekly Report | Last week, US Bitcoin spot ETFs saw a net outflow of $87.7 million; US Ethereum spot ETFs saw a net outflow of $65.4 million

Weekly News Preview | Federal Reserve Announces Interest Rate Decision; Stable Mainnet Launch

This week's top news highlights from December 8 to December 14.

Chaincatcher2025/12/08 04:50
Weekly News Preview | Federal Reserve Announces Interest Rate Decision; Stable Mainnet Launch

Wang Yongli: Why did China resolutely halt stablecoins?

China is accelerating the development of the digital yuan, and its policy stance to resolutely curb virtual currencies, including stablecoins, has become fully clear. This approach is based on a comprehensive consideration of factors such as China’s global leadership in mobile payments and the digital yuan, the sovereignty and security of the renminbi, and the stability of the monetary and financial system.

ForesightNews2025/12/08 04:43
Wang Yongli: Why did China resolutely halt stablecoins?
© 2025 Bitget