$112,000 Bitcoin ATH Price Target Remains Very Possible Despite the Brutal Ongoing Market Dump

News

Bitcoin's Dominance Hits New Highs, and Altcoins Could Rise in Future Cycles

  • Bitcoin price drops further from $104,000 to $100,000 following the FOMC meeting. 
  • Analysts expect BTC to recover and head towards its next ATH target. 
  • $112,000 could be Bitcoin’s next ATH price.

Despite the ongoing crypto market dip, expectations for Bitcoin remain high. In under a day Bitcoin set a new ATH at $108,000 before dipping to $104,000. Today Bitcoin price hovers at the $100,000 price range causing a heavy market dip. However, analysts remain optimistic about where the price of Bitcoin will go next. 

Bitcoin Dip Does Not Slow Down Pump Expectations

https://twitter.com/Washigorira/status/1869326763198906609

As we can see from the post above, this analyst believes that a Bitcoin price of $112,000 ATH is still in play. In detail, he says that Bitcoin price has pulled back for a double retest of the recent ATH and the trendline. He calls this a textbook price action move and expects the FOMC meeting to bring volatile activity. 

This prediction came true as during the meeting, the price of Bitcoin fell from $104,000 to $100,000. One of the biggest reasons for the dip is that the FED Chairman said that the FED was not allowed to own Bitcoin. Even so, the crypto community remains highly bullish for the price of Bitcoin (BTC). 

FED Chair Expects Another Good Year

https://twitter.com/WatcherGuru/status/1869477038127542450

Adding to the story, FED Chairman, Jerome Powell said that the market has avoided a recession and says that another good year is on the horizon. Indeed, this bodes well for the crypto market in particular as analysts expect Bitcoin price to hit $200,000 in the midst of the bull cycle playing out in the coming year. 

The post $112,000 Bitcoin ATH Price Target Remains Very Possible Despite the Brutal Ongoing Market Dump appeared first on Crypto News Land.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed

Leave a Reply