- $113,000 to $145,000 BTC ATH trend top expected.
- This should occur before a macro distribution triggers an altcoin takeover.
- Most analysts are bullish for the long-term on the crypto market.
Despite the falling crypto market prices, analysts remain bullish in the long term. Presently, one analyst shares that a $133,000 to $145,000 BTC ATH trend top expected before a macro distribution triggers an altcoin takeover. Presently, the price of Bitcoin (BTC) is trading in the $113,000 price range, while the price of Ethereum (ETH) is trading at the $4,100 range, showing that ETH is continuously outperforming BTC.
BTC ATH Trend Top Expected Between $133,000 and $145,000
The crypto market experienced a rollercoaster of a week, as just about a week ago, the price of the pioneer crypto asset, Bitcoin (BTC), went on to set its latest ATH price in the $124,000 price range. Soon after this record was set, the crypto market saw millions in liquidations, mostly from long BTC trade orders, bringing the price of BTC to $115,000 and now to the $113,000 price range, where BTC is currently trading.
While BTC took a big hit, so did the pioneer altcoin asset Ethereum (ETH). To specify, the price of ETH had just surged to the $4,700 target, a price as close as ETH has gotten to its previous ATH of $4,800 set 4 years ago. As this price was met, analysts expected ETH price to break past the $4,800 bull target and enter a glorious price discovery stage. Instead, the price of ETH fell to the $4,300 level and is now trading in the $4,100 price range.
Presently, a reputed silver-tongued analyst, Doctor Profit, known for his many accurate predictions so far in this ongoing bull cycle, says that a bearish red month is coming in September. He believes that during this time, the price of BTC will drop below the 6-digit price target of $100,000 and dip as far as $90,000 to $93,000, allowing for a brutal correction phase before higher prices and new ATH targets will be met in the months following September.
Macro Distribution Set to Trigger an Altcoin Takeover
Despite this foreboding prediction, the analyst made it clear that he still expects bullish action to continue for the crypto market after the September correction. In detail, he has stated before that the price of BTC will work its way to its next bull price zone, which lies between $130,000 and $135,000. He believes this pump is still in play and is only delayed. In fact, a healthy correction may propel ATH price targets for BTC even further than current expectations.
As we can see from the post above, this popular technical and fundamental crypto analyst shares his insight on what to expect next for BTC with the help of a price chart. In detail, he says that he believes there is one last leg up for the price of Bitcoin. Using the image, he states that BTC is currently forming its topping structure in the $133,000-$145,000 range before entering Macro distribution. This move should trigger an altcoin price takeover.
