BitcoinThe recent bullish strength has sparked speculation within the crypto community about its move to the $100,000 level and beyond in the current market cycle, as many crypto experts predict that the digital asset could soon experience a rise in the price range.
Bitcoin’s path to $100,000 and beyond is inevitable
As the community anticipates Bitcoin’s rise to a 6-figure value, Ali Martinez, market analyst and investor, has foreseen The BTC price surge $150,000 mark in the current cycle while providing insight into the potential timeline for this important milestone.
Ali Martinez’s bold prediction, which sparked excitement among investors and traders, is attributed to market trends cited during the past two bull cycles that frequently placed BTC on an upward trajectory in the following days. With bullish momentum and positive market conditions, Martinez’s projection reinforces the growing optimism regarding BTC. price outlook in the long term.
It is important to note that the price of BTC has been consolidating for a week after breaking its previous all-time high. Considering the current price action of Bitcoin, the market expert says that this price behavior is similar to that of the previous two bull cycles, suggesting a potential massive resurgence linked to the rise observed during these periods.
If past trends repeat themselves, Martinez expects another huge BTC breakout to the $150,000 level in a day or two. Furthermore, as the analyst forecasts an increase to the aforementioned level, he warned of a possible 30% increase price correction once this objective is achieved in the coming days.
Another crypto analyst who predicted BTC to reach the $100,000 mark and beyond is Micheal Van De Poppe, the founder of MN Consultancy. While Ali Martinez expects the digital asset to be range-bound in the next two days, Van De Poppe has set your calendar between 1 to 2 months.
With BTC falling between $100,000 to $120,000 Over the next 1-2 months, Van De Poppe believes this significant rise will lead to a final crash on Ethereum, the second largest crypto asset. However, following the evolution of the situation, the expert affirms that a new season, similar to that of 2017, will start.
Bullish momentum still holds strong
BTC continues to exhibit bullish movement, holding fervently above $93,000, sparking optimism for further price gains. This solid performance of BTC has attracted wide institutional and retail adoption, which could also serve as a catalyst for future price growth.
Currently, the crypto asset maintains a healthy price trend at $93,301, demonstrating an increase of almost 2% over the past day. Its market capitalization and trading volume are showing positive action, increasing by around 2% and 7.45% in the last 24 hours. Since the bulls are gradually taking control of the market, BTC could extend its bullish momentum towards several crucial resistance levels such as $93,500 and its new all-time high above the $94,000 mark.
Featured image from Unsplash, chart from Tradingview.com
