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Viewpoint: Bitcoin may first fill the $75,000 gap, with this cycle's target seen at $190,000
· Source: BlockBeats
BlockBeats news, October 25 - Analyst NoName posted a roadmap for the current Bitcoin cycle. He stated that a new cycle has begun, and expects Bitcoin to first pull back to $75,000 to fill the fair value gap, then use this as a potential starting point to move upward, ultimately targeting a cycle high of approximately $190,000, with the path not being achieved overnight. The key price levels the analyst is watching in sequence are: $75,000 as the gap fill and potential starting position, $100,000 as the first important milestone on the upside, $126,000 as the key level of the previous high that needs to be reclaimed, $160,000 as the next major target in the expansion phase, and $190,000 as his expected cycle top.
This brief is provided by BlockBeats. It doesn’t reflect our views and isn’t investment advice.
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