Crypto expert Celal predicted that the price of Bitcoin could hit a New-time High (ATH) $145,000. The expert also gave a timeline for the leading crypto to achieve this.
When Bitcoin Price Could Hit $145,000
In a X postCelal said that the price of Bitcoin will reach $145,000 between October and November. The following chart showed that the meeting could take place if BTC’s Relative Strength Index (RSI) they carry and hit overbought, rising to 90. The chart also said that leading crypto can already make a bottom when looking at this meeting for a new ATH.
Collaborative Reading
This Bitcoin price prediction comes as BTC continues to struggle to hold above the psychological $70,000 level. Crypto leaders are under pressure because of the US-Iran war, and US President Donald Trump is threatening escalation if Iran does not open the Strait of Hormuz.
Crypto analyst Ali Martinez said that it is now a waiting game when the price of Bitcoin is at a crossroads. He said that BTC is stuck in a “non-tradeable zone” and right now, the area between $70,685 and $65,636 is the most important place on the chart. The analyst also pointed out that more than 1.72 million BTC were traded around this, which means that “buyers and sellers are digging in their heels.”
Martinez added that there won’t be any big moves Bitcoin price until it breaks above $70,685 or falls below $65,636. Crypto analyst Ardi said that BTC is still in a bear market and that the rally in the past few weeks was due to the short screen. Likewise, the leading crypto is still vulnerable to a major decline.
Financial History Is Bad For BTC
Crypto analyst Colin said that the economic situation is bad for the price of Bitcoin, with oil prices rising and the Fed unlikely to lower prices soon. He added that this is bad for BTC, considering that it is more volatile than stocks. Based on this, Colin said that the last disturbance from bear flagwhich has been selling internally since February.
Collaborative Reading
As such, it’s just a matter of how long Bitcoin’s price will last for now, the analyst said. He added that BTC has been in a bear market since October 5 and is only five months old. Colin said that this means that there are some problems from the way it is bear market it lasts 12 months.
At the time of writing, the price of Bitcoin is trading at around $68,800, down in the last 24 hours, according to data from CoinMarketCap.
Image taken from Pixabay, chart from Tradingview.com
