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Crypto analyst reveals Bitcoin target: There will be a big rally!
Tony Severino, known for his cryptocurrency analyses, revealed his peak forecast for Bitcoin (BTC) in the bull season.
Crypto Tony Severino noted that Bitcoin price could reach $137,000 as a peak. This prediction has raised questions about whether this level could be the highest point BTC can reach in this cycle. The analyst also made some comments on this question.
Analyst specifies bottom and top price for Bitcoin
Tony Severino mentioned in a post on the X platform that the peak price for Bitcoin is $137,000 and the bottom price is approximately $39,000.
When asked if $137,000 is a peak of a bull market, the analyst said his target is between $160,000 and $180,000. He stated that $137,000 is only a valid peak for this month and it will increase over time. Therefore, he mentioned that the peak of $180,000 could become more achievable in the coming months.
According to Tony Severino's Bitcoin chart, the upward movement will continue. The crypto expert, who analyzes the monthly chart, emphasizes price breakouts. BTC, which moves within a specific channel, exhibits more voluminous price movements with a channel breakout. According to Severino's chart, there is an upward breakout in BTC.
BTC making weekly closes above $75,000 will push the price up. In addition, data from spot ETFs will play a critical role. Expectations for BTC may increase as net inflows to ETFs increase.
This article does not contain investment advice or recommendations. Every investment and trading activity involves risk, and readers should conduct their own research when making decisions.