As the end of the year approaches in Bitcoin, forecasts from analysts continue to come. While some analysts expect a decline, most believe that we can break a record this year.
One comment came from The King of Crypto, known for its successful analysis. In a post he shared, the analyst said that he expects $ 130,000 in BTC.
A 33% correction came in 2013 and then #bitcoins He did 12X. Bitcoin, which was 53K on September 7, saw 39K, there is a decrease of about 29%. A maximum of 38.5 applies. Mind you, I say Max. Last days. We’ll set off slowly for a possible 130K trip next week. A little patience guys
— The King of Crypto (@Kripto_Poyraz) September 25, 2021
The analyst, who found today’s BTC chart similar to 2013, said that if history repeats itself, our journey to 130,000 dollars will begin.
Underlining that there should be a decrease to a maximum of $ 38,500 in order to maintain the similarity, the analyst also stated that the number of long-term BTC holders has increased significantly, and pointed out that whales are collecting goods.
Saying that on-chain data also supports its target of $ 130,000, The King of Crypto underlined that the upward wave may start the week, but before that, he expects a final drop in BTC up to a maximum of $ 38,500.
Looking at the Bitcoin chart, it is seen that there is a price moving in the range of 41,000 to 43,000. On the other hand, it is known that with the recent declines, the dominance of BTC in the market has increased to 42.3 percent.