Friday, August 1, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Crypto Analyst Says Bitcoin Price Is Approaching Strongest Part Of The Bull Run, Here’s The Target

30 October 2024
in Crypto Updates
Reading Time: 3 mins read
0 0
A A
0
Home Crypto Updates
Share on FacebookShare on Twitter


Este artículo también está disponible en español.

Crypto analyst Tony Severino has mentioned that the Bitcoin worth is approaching the strongest a part of the bull run. Primarily based on his evaluation, Tony offered insights into how excessive the flagship crypto might rise because it approaches its peak on this market cycle. 

Bitcoin Value Goal For Strongest Half Of This Bull Run

Tony revealed in an X submit that the Bitcoin worth might attain a market prime of $133,000 on this bull run. He defined that the BTC 2-month Relative Power Index (RSI) is approaching 70, which has ignited the strongest a part of each previous bull run. In 2012, this led to a worth surge of 11,000%. In the meantime, it led to a worth rally of two,700% and 437% within the 2016 and 2020 bull run, respectively. 

Associated Studying

Supply: X

The analyst famous that every peak within the successive bull run has been roughly round 20% of the earlier cycle peak. Due to this fact, 20% of the 437% rally recorded within the 2021 bull run will put the Bitcoin worth at this $133,000 worth goal. A possible rise to this goal would give these shopping for BTC at its present worth stage a return of round 87%.

Crypto analyst Ali Martinez additionally recommended shopping for the Bitcoin worth as this stage might not be a late entry. In an X submit, he defined that the Market Worth To Realized Worth (MVRV) ratio has crossed over its 365-SMA (Easy Transferring Common), a improvement that usually indicators main bull rallies. He added that this golden cross has simply occurred once more. 

Bitcoin price 2
Supply: X

The analyst’s accompanying chart confirmed that the Bitcoin worth elevated by 236% the final time this occurred. Due to this fact, this means that regardless of the current rally above $73,000, there’s nonetheless a lot upside for the flagship crypto on this market cycle. 

BTC Might Rise To $462,000

Ali Martinez offered a extra bullish outlook for the Bitcoin worth than Tony concerning how excessive the flagship crypto might rise in this bull run. In an X submit, he famous that BTC peaked between the 1.618 and a couple of.272 Fibonacci retracement ranges previously bull cycles.

Associated Studying

 If the Bitcoin worth had been to observe an analogous sample, Martinez remarked that the following BTC prime might land between $174,000 and $462,000. Predictions on what might mark the highest for Bitcoin on this market cycle proceed to vary, though the consensus stays that the flagship crypto would rise above $100,000.

Consultants like Normal Chartered have even predicted that the Bitcoin worth might rise above this $100,000 goal this yr if Donald Trump wins the US presidential elections.  

On the time of writing, the Bitcoin worth is buying and selling at round $72,300, up nearly 2% within the final 24 hours based on information from CoinMarketCap. 

Bitcoin price chart from Tradingview.com
BTC worth settles above $72,000 | Supply: BTCUSD on Tradingview.com

Featured picture created with Dall.E, chart from Tradingview.com



Source link

Tags: AnalystApproachingBitcoinBullCryptoHeresPartPriceRunStrongestTarget
Previous Post

2024 Election Day Could Trigger 10% Move in BTC and Bitcoin All-Time High

Next Post

The Bitcoin Popularity Index (BPI) – A Measure of Bitcoin Interest Around The World

Related Posts

Trump Slaps Brazil and Canada With 50% and 35% Tariffs; Mexico Gets Breathing Room – Economics Bitcoin News
Crypto Updates

Trump Slaps Brazil and Canada With 50% and 35% Tariffs; Mexico Gets Breathing Room – Economics Bitcoin News

1 August 2025
Wall Street’s Quiet Crypto Takeover: New Charts Reveal Who’s in and Who’s Still Blocking Access
Crypto Updates

Wall Street’s Quiet Crypto Takeover: New Charts Reveal Who’s in and Who’s Still Blocking Access

1 August 2025
Crypto Leverage Under Fire: South Korea Set to Tighten Lending Rules
Crypto Updates

Crypto Leverage Under Fire: South Korea Set to Tighten Lending Rules

1 August 2025
Bitcoin Shrugs Off Brief Fed Panic – Markets and Prices Bitcoin News
Crypto Updates

Bitcoin Shrugs Off Brief Fed Panic – Markets and Prices Bitcoin News

31 July 2025
OpenSea Ex-Manager’s Conviction Tossed in NFT Trading Case
Crypto Updates

OpenSea Ex-Manager’s Conviction Tossed in NFT Trading Case

1 August 2025
JPMorgan & Coinbase Team Up: Crypto From Rewards Coming
Crypto Updates

JPMorgan & Coinbase Team Up: Crypto From Rewards Coming

31 July 2025
Next Post
The Bitcoin Popularity Index (BPI) – A Measure of Bitcoin Interest Around The World

The Bitcoin Popularity Index (BPI) - A Measure of Bitcoin Interest Around The World

Leveraged MicroStrategy ETFs Are Surging as Bitcoin Nears All-Time High – Decrypt

Leveraged MicroStrategy ETFs Are Surging as Bitcoin Nears All-Time High - Decrypt

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

19 July 2025
PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

30 July 2025
BNB Price Gears Up for Upside Break — Will Bulls Deliver?

BNB Price Gears Up for Upside Break — Will Bulls Deliver?

8 July 2025
Something Big Is Coming For XRP On July 9—Why It Matters

Something Big Is Coming For XRP On July 9—Why It Matters

8 July 2025
XRP could rally higher on steady capital inflow; check forecast

XRP could rally higher on steady capital inflow; check forecast

8 July 2025
10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

24 May 2025
Strategy Stock Price Could Nearly Double as Bitcoin Treasury Aims to Dominate Market: Benchmark – Decrypt

Strategy Stock Price Could Nearly Double as Bitcoin Treasury Aims to Dominate Market: Benchmark – Decrypt

1 August 2025
In the new documentary Architecton, buildings collapse and stones dance

In the new documentary Architecton, buildings collapse and stones dance

1 August 2025
Trump Slaps Brazil and Canada With 50% and 35% Tariffs; Mexico Gets Breathing Room – Economics Bitcoin News

Trump Slaps Brazil and Canada With 50% and 35% Tariffs; Mexico Gets Breathing Room – Economics Bitcoin News

1 August 2025
XRP Breakout Targets $15—Analyst Says ‘This Is Just The Start’

XRP Breakout Targets $15—Analyst Says ‘This Is Just The Start’

1 August 2025
MEXC Expands Stock Futures Portfolio With Tron Inc. (NASDAQ: TRON) Listing, Introducing TRON/USDT Trading Pair – Press release Bitcoin News

MEXC Expands Stock Futures Portfolio With Tron Inc. (NASDAQ: TRON) Listing, Introducing TRON/USDT Trading Pair – Press release Bitcoin News

1 August 2025
Justin Drake Introduces “Lean Ethereum” Proposal

Justin Drake Introduces “Lean Ethereum” Proposal

1 August 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$115,271.00-2.38%
  • ethereumEthereum(ETH)$3,617.78-4.10%
  • rippleXRP(XRP)$3.03-1.71%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$764.29-3.41%
  • solanaSolana(SOL)$168.15-4.36%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • staked-etherLido Staked Ether(STETH)$3,608.25-4.25%
  • dogecoinDogecoin(DOGE)$0.208522-3.28%
  • tronTRON(TRX)$0.3271730.02%