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Bitcoin's price recently dipped to around $92,000 following a US Federal Reserve rate cut but has since rebounded above $97,000. Analyst Tony Severino suggests that if historical patterns hold, Bitcoin could surge to $178,000, contingent on overcoming resistance levels between $97,500 and $99,800.
A CMT-certified analyst has highlighted the potential for a bullish surge in XRP's price, supported by key technical indicators and tightening Bollinger Bands. The XRP/BTC quarterly chart shows strength, with a significant close above the Bollinger Bands basis, and an RSI moving towards 50, indicating increasing strength. Momentum oscillators also suggest an extended upside, despite a recent 6% price drop to $2.36.
Crypto analyst Tony Severino suggests that Bitcoin could surge to $190,000, drawing parallels with the 2017 bull run's Elliott Wave count. He predicts a potential retracement to $104,000 before a rally, while other analysts foresee Bitcoin reaching $125,000 by year-end amid growing optimism about its status as a US reserve asset. Currently, Bitcoin trades around $106,559.
Bitcoin's price could surge to $120,000 by next week, according to analyst Tony Severino, who cites expanding daily Bollinger Bands and historical price behavior as indicators of a bullish trend. Currently trading at $100,219, Bitcoin needs a 20% increase to reach this target. Another analyst, Trader Tardigrade, suggests that if the bullish trend continues, Bitcoin could even hit $136,000, marking a 36% rally from its current price.
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