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Crypto analyst Titan of Crypto suggests that Bitcoin’s price could reach $137,000 in a short period. The bullish pattern observed on the daily chart indicates that this surge may happen between July and August.
BTC Expert Predictions
Titan of Crypto highlighted the bullish flag pattern observed in Bitcoin’s daily chart. The analyst stated that if this pattern materializes, the cryptocurrency could reach new peaks.
Titan of Crypto: Bitcoin 
$94,690 can hit new record levels due to the bullish pattern.
These statements are evaluated against the general market trend and technical indicators.
Cryptocurrencies
Recently, Bitcoin surpassed the $86,000 mark but fell below $84,000 due to the European Union’s tariffs on U.S. products. The analyst indicated that a daily close above $85,700 could trigger a move beyond $87,000, although current market conditions don’t support this possibility.
Additionally, the bullish crossover of the MACD on the three-day chart could signal a shift in momentum. This situation has become one of the critical signals closely monitored by investors.
Crypto analysis platform CryptoQuant noted that the increase in the VIX index could provide significant hints that Bitcoin’s price might hit a bottom. However, it may take time for this development to create tangible effects in the market.
CryptoQuant CEO Ki Young Ju previously stated that Bitcoin’s upward trend has ended. Due to selling pressure, the market may experience stagnation or a downward trend over the next six to twelve months, as significant purchases are not being driven.
Ki Young Ju: Bitcoin is currently under significant selling pressure, and the existing trend has changed.
Reports indicate that alongside several major institutional investors, MicroStrategy has acquired millions of dollars worth of Bitcoin. The positions taken by large investors are seen as precursors to movements that could impact the market during crises.
In light of technical indicators and market dynamics, investors are trying to prepare for various scenarios. Observers suggest that both technical formations and external factors could be decisive in future price movements.
