As Bitcoin continues to trend below its recent high of $73,000, it determines the the next route of assets has been a topic of interest within the crypto currency space. Well-known cryptocurrency analyst and enthusiast Javon Marks has made a bold move prediction that attracted the attention of the crypto community, predicting that the value of the digital asset will quickly fall into the six-figure zone and exceed the desired price level of $ 100,000.
Bitcoin Value To Under Major Surge At $116,652
Marks bases his bullish predictions on the convergence of bullish price indicators flagship crypto asset is about to undergo a major change in the coming months. In addition, Marks points to a favorable market situation, which may drive the price of Bitcoin significantly.
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His prediction is in line with the general market sentiment, as some traders and analysts make a big increase in Bitcoin due to its technical and fundamental qualities.
According to the analyst, with the key bullish indicators confirmed, the price of Bitcoin 3D is currently holding above the key threshold of $67,559. So being above this important border indicates that the current technical goal of BTC is the $116,652 mark.
The post reads:
Bitcoin’s (BTC) 3d price is currently holding above a key level at $67,559 and being above means the current technical target is $116,652 with major bullish indicators confirmed.
Javon Marks noted that with this target in place, the digital asset could rise by an additional 66.33% from its current price to reach the target. Meanwhile, the only thing standing in the way would be time, which suggests a promising future for BTC.
In support of this improved structure, the expert pointed out that Bitcoin it confirmed another Hidden Bullish Divergence and the previous one produced a value of almost +200%. Given that the market may be quietly preparing to show an unprecedented level of strength, markers may see this as a reason for BTC to rise to the aforementioned price target.
BTC’s 6-Figure target is inevitable
Javon Marks is not the only cryptocurrency analyst who has predicted that the crypto asset will reach a target price of 6 figures in this current bull cycle. Crypto Titan, the famous market expert is at it again highlighted Bitcoin has the potential to exceed $100,000 in the coming months.
Considering the previous trends of the bull cycle, the expert expects BTC to reach the desired $111,000 price point, he says a move is inevitable. Although, this level seems interesting, the Crypto Titan is convinced that the coin may go further in this bull cycle than the target.
At the time of writing, the price of Bitcoin was trading at $67,761, showing an increase of 1% in the last 24 hours. Its trading volume fell by more than 14%, while the market margin increased by 1.05% in the previous day.
Featured image from iStock, chart from Tradingview.com
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