$120,000 BTC ATH Drifts Closer Despite Bitcoin’s Price Falling Back to the $100,000 Price Range

News

  • The price of Bitcoin has fallen to $100,000 in sideways movement.
  • Analyst expects BTC to move towards the next ATH target of $120,000.
  • The time for Bitcoin bears might be coming to an end soon.

The price of Bitcoin (BTC) has fallen again to the $100,000 price level taking down with it the score of the Crypto Fear & Greed Index to 60 in a ‘Greed’ market sentiment. Reputed crypto analysts remain bullish over Bitcoin going on to hit its next ATH after the current sideways movement comes to an end. 

$120,000 BTC ATH Target Drifts Closer

https://twitter.com/DrProfitCrypto/status/1885858936693178442

As we can see from the post above, this reputed silver-tongued analyst known for his accurate predictions reminds the crypto community of what Bitcoin price is doing. In detail, he reminds them that BTC price has been moving in the same box since November when he predicted the price of BTC to move between $90,000 to $100,000. 

Following Bitcoin first ATH in the 6-digit price range, he predicted the price of BTC to move in another sideways movement from $100,000 to $110,000. Now BTC has set a new ATH at $109,114.88 and the analyst now expects Bitcoin to work its way up to a new ATH of $120,000 before moving on to much higher targets later this year.

Bitcoin Bears Running Out of Time

https://twitter.com/Cointelegraph/status/1885878469717794974

Adding to the bullish momentum and expectations is an observation made in the post above, As we can see, the post observes that the air for Bitcoin bears is getting very thin making it possible for Bitcoin (BTC) to set new ATHs by Q1 end and is driving favorable macro-environment and greater bullish momentum.

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