- $160,000 – $170,000 set as next bullish BTC ATH targets.
- Analyst debate over the many bullet targets set up for Bitcoin.
- Could this be a cycle top price target for the pioneer crypto asset?
As the price of the pioneer crypto asset, Bitcoin (BTC), continues to maintain trading around its latest ATH price range in the $125,000 price area, expectations for higher BTC ATH prices to be hit in the final quarter of the year grow stronger. To highlight, $160,000 – $170,000 set as next bullish BTC ATH targets. Analysts debate if this could be the cycle top price area for Bitcoin this bull cycle.
$160,000 – $170,000 Set as Next Bullish BTC ATH Targets
Sentiments are quite high for the price of Bitcoin (BTC) to hit higher ATH prices in the final months of the year. Already Q4 began with a strong bullish sentiment with September and Q3 closing in a bullish green. This strong close to Q3, allowed a strong start to Q4, a placement that is holding strong even as a new week unfolds for the crypto market. In fact, in just the first few days, BTC went on to set new ATH prices in the $125,500 price area.
To highlight, the price of BTC which dipped as low as the $108,000 price range in September, following its previous ATH price setting in the $124,000 price range in August, shot up in price steadily as the month of September came to a close. In detail, the price of BTC recovered its $120,000 range prices almost immediately, which allowed a steady price pump to two new ATHs in the $125,000price range.
In under a day, the price of BTC set two ATHs, first in the $125,505 price area, and then again in the $125,559 price area. Since then, the price of BTC has been steadily trading between the $123,000 and $124,00 price range. This steady price action has led several analysts to believe that the price of BTC will likely go on to set new ATH prices before relinquishing dominance to altcoins for an altseason peak price pump.
Could This Be a Cycle Top Price for BTC This Bull Cycle?
Presently, reputed crypto analysts believe the price of BTC will rise to hit two bull price ranges, the first of which is the $130,000 to $135,000 price range, and the second of which is the $140,000 to $145,000 price range. In addition, reputed financial experts like Robert Kiyosaki, Tom Lee, and Michael Saylor have all been preaching of the possibility of BTC hitting ATHs in the $200,000 price range this bull cycle.
Similarly, the analyst in the post above is talking about the price of BTC hitting a new ATH price between the $160,000 to $170,000 price range. As the post above goes on to say, this target can be hit by BTC within the next two to eight weeks. While most analysts have gone on to share bullish forecasts for the price of BTC for the rest of the year, one analyst expects a bearish reaction, which prediction will play out?
