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As everyone wonders about the next phase, volatility in the BTC front has started to increase again, and $65,000 was tested. A daily close above $65,000 could trigger new rallies in altcoins. So, what are the experts’ price targets for this year? What will cryptocurrency investors encounter while expecting an exciting rise in the last quarter?
Experts’ Crypto Predictions
BTC has significantly weakened since June. One popular crypto analyst wrote that the Bitcoin price has broken out of the short-term downtrend and that the rise will gain momentum. The market assessment published today by the analyst known as Moustache includes the following details:
“Bitcoin has returned above one of the most important bull market lines (blue line). In previous cycles, it NEVER fell below it until the cycle’s peak (monthly close). This is a strong sign that the bull market is not over yet.”
The second popular expert, CryptoQuant writer Axel Adler, writes that the selling pressure from long-term BTC investors has reversed after a long break:
“The 7-month selling pressure from long-term investors at $61,600 has now ended.”
The price, which has risen above the 200-day Exponential Moving Average (EMA), has increased by around 11%, and analysts say the outlook has thus become much more moderate.
What Will Be Bitcoin’s Price?
Another analyst, Crypto Wealth, in his latest assessment, tells us that we will see $85,000 before the end of September. If this scenario for BTC happens, some altcoins could see increases of up to 10 times.
“As Bitcoin advances towards this 5th wave, the first main target I will look at is the $85,000 region before the ultimate target around the $100,000 plus area.”
Some experts go much further, mentioning prices of $150,000, while we see levels around $330,000 being discussed as the cycle target. Of course, not all market experts agree. The last analyst, Captain Faibik, wrote the following:
“Bitcoin bulls are again trying to clear the Critical Resistance level at $60,000. Once the breakout is complete, the next stop will be $70,000.”
