• Bitcoin to $116,652 predicts analyst who sees momentum indicators.
• Multiple momentum indicators signal bullish reversal for BTC price. 
• Several analysts note multiple bullish signals on the BTC price chart.

The price of Bitcoin saw a promising pump where BTC price went from $78,000 to $88,000 in a few days. Now the price of BTC struggles to break past the $89,000 barrier and reclaim the $90,000 price range. Despite these barriers, one analyst expects BTC to hit a new ATH target of $116,000 as momentum indicators signal a bullish reversal for BTC prices. 

Momentum Indicators Signal Bullish Reversal

As we can see from the post above, one bullish analyst who has been spotting several bullish signals on the BTC price charts marks another positive sign. To recap, this analyst noticed a textbook bullish signal forming on the BTC price chart and predicted the BTC price pump from $78,000 to $88,000. Now, he sees greater indicators for larger pumps. 

In particular, the analyst notices what he calls all green lights on the BTC price chart accounting for momentum indicators that are signaling a bullish reversal for the price of BTC. He says that the last two times BTC saw such a confluence of bullish signals on a weekly chart, the price went on to pull a bullish rally. Trusting numbers, patterns, and signals, the analyst is convinced that the BTC price will move in an upward trajectory very soon. 

Bitcoin Bullish for the Long-Term

These expectations clash with those of other reputed analysts. One other analyst known for his many accurate predictions says that the ongoing pump is a fake and that a major downfall will take BTC price to the $50,000 to $60,000 price range followed by a pump between May and June where BTC will finally start to regain its previous ATH targets beyond the 5-digit price mark. 

Despite this one bearish outlook, most crypto analysts remain stoically bullish only due to the many bullish indicators on the price chart. While the bearish analyst takes socio-political and psychological factors into account, the bullish analysts are looking at technical factors alone, and technical factors are constantly pointing to move upward movement for the pioneer crypto asset. 

Adding to the bullish predictions is another reputed analyst, one who expects Bitcoin (BTC) to set a new ATH at the price target of $116,652. As we can see from the post above, this analyst sees multiple textbook macro bullish signals suggesting continuing the bull cycle. This means BTC could very well go on to set many new ATH prices this bull cycle.

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