Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Analysis: The price of Bitcoin will have to rise at least to $90,000 to $100,000 before it faces a new consolidation period or pullback

Analysis: The price of Bitcoin will have to rise at least to $90,000 to $100,000 before it faces a new consolidation period or pullback

Bitget2024/05/22 05:43
By:Bitget

PANews reported on May 22, according to Cointelegraph, a cryptocurrency trader nicknamed "Roman" stated in an interview that the current cryptocurrency market is in a "real bull market", with both fundamentals and technical aspects showing positive trends. He analyzed that although the price of Bitcoin had previously fallen from its historical high of $73,738 to $58,000, this adjustment has laid a solid foundation for future price increases. Roman specifically mentioned the "bullish reversal pattern" that appeared on this week's Bitcoin price chart, considering it as a strong signal indicating that it is unlikely for Bitcoin to enter a consolidation period before surpassing its historical high of $73,679 on March 12 and increasing by at least 20%. He asserted that the price of Bitcoin will rise to at least $90,000 to $100,000 before facing a new consolidation period or pullback.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

World Liberty Financial is partnering with Vaulta to jointly pioneer a new era of Web3 banking.

World Liberty Financial and Vaulta Establish New Alliance to Expand the Frontiers of the U.S. Web3 Banking Industry

BlockBeats2025/07/24 10:59
World Liberty Financial is partnering with Vaulta to jointly pioneer a new era of Web3 banking.