Crypto analysts are predicting a big jump for Bitcoin’s price, with some suggesting it could reach as high as $145,000 by September or October.
A Bullish Outlook
Stockmoney Lizards, a crypto analyst, forecasts a Bitcoin price between $135,000 and $145,000 in the coming months. They point to a “doji” pattern on the price chart as a bullish indicator. While acknowledging the possibility of further price drops (maybe retesting the $90,000 – $94,000 range), their overall outlook is positive. They believe the recent price action, including a strong upward move, isn’t driven by typical market rotations or derivatives trading.
Another Analyst Agrees
Another analyst, Titan of Crypto, agrees with the bullish prediction, also suggesting Bitcoin could reach at least $135,000. They highlight Bitcoin’s recent breakout and retest of key levels, pointing to a Fibonacci extension around $107,000 as the next hurdle. Clearing that level, they believe, would pave the way for a move to $135,000, and potentially even higher, possibly reaching $150,000. Their charts suggest this could happen by September.
Current Price and Conclusion
At the time of writing, Bitcoin is trading around $108,200. While these predictions are bold, the analysts’ reasoning, based on chart patterns and market analysis, suggests a significant price increase is possible in the coming months. Only time will tell if their bullish forecasts will come true.
