Amidst the positive vibes in the crypto world, Crypto Con, a well-known crypto expert, has shared his bullish view on Bitcoin. He believes that Bitcoin has the potential to reach $123,832 in the coming months based on historical patterns.
Price Bands and Target
Crypto Con’s analysis focuses on Bitcoin’s price bands, with level 3 being the most accurate at $91,539. He predicts that Bitcoin will eventually reach level 3 and then continue its upward trend.
Past Trends and Cycle Tops
Crypto Con has identified two accurate cycle tops in the past using basic indicators. He believes that the current cycle top will not be dictated by the trend line due to Bitcoin reaching a new all-time high a year early. However, he still believes that past trends can provide valuable insights into Bitcoin’s price action.
Six-Figure Target
Macro strategist Henrik Zeberg also predicts a six-figure target for Bitcoin in the coming months. He believes that Bitcoin is entering an upward trend that began in May 2022 and could reach between $110,000 and $115,000 by the third quarter of the year.
