Experts Evaluated: How High Can Bitcoin Rise with the New Rally Fever?

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jelly, Bitcoin He made a bold prediction while evaluating the current situation in the market, especially his comment on the latest moves in the recovery process attracted attention. Jelle’s latest post, based on his previous analysis, provides a more detailed look at the possible path the leading cryptocurrency could follow in the coming weeks. offers.

In his first review on March 20, Jelle stated that Bitcoin was in the process of consolidation at the time and was approaching a new high low on the 2-day chart. As we reported as Koinfinans.com, the analyst highlighted BTC’s rapid rise from $38,000 to $72,000, followed by an expected correction move.

However, Jelle stated that this pullback is just a “break” and that he is confident in the cryptocurrency’s potential to continue its upward trend. In his later analysis, he emphasized that a possible higher bottom for Bitcoin could be retested in a healthy way.

Five days later, Jelle confirmed that the asset had reached the predicted high of $60,805 and a new bullish wave had begun. He now thinks Bitcoin is moving towards larger price targets.

While experts like Binance CEO Richard Teng are predicting a target of $80,000, Jelle sees Bitcoin approaching its $100,000 target. However, this level does not indicate a final end. Leading companies like Bernstein believe $150,000 is possible.

Growth Potential for Bitcoin

Market data shows that Bitcoin provides a ripe environment for further price gains. The daily relative strength index currently stands at 58.32 despite the asset trading at a high of $69,631. This shows that BTC is far from the overbought zone and has further upside potential.

Additionally, we see bullish sentiment returning to the market as it recovers from the $60,805 low. Over the past week, Bitcoin has gained 14% from this low. As recovery momentum builds, the spot Bitcoin ETF market has also begun to see positive flows, recording an inflow of $418 million yesterday.

Source : The Crypto Basic


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