Bitcoin Marks 114 Weeks In Active Buy Signal On The SuperTrend Weekly, But Things Could Turn Bad If This Happens 📈
Crypto analyst Tony Severino updates on Bitcoin’s price action, highlighting a 114-week active buy signal on SuperTrend, suggesting a continued bullish reversal for the flagship cryptocurrency. Despite optimism, Severino cautions that a sell signal could drastically change trajectory, sending Bitcoin down to $22,000 during a bear market.
Contrarily, analysts like PlanB and Standard Chartered are optimistic, predicting potential price rallies up to $200,000 this year. In addition, upcoming tariffs by Donald Trump are significant to Bitcoin’s trajectory, which previously caused price drops but may now be factored in by the market.
Analyst Titan of Crypto believes Bitcoin could reach a new all-time high of $121,000, supported by whale accumulations of over 22,000 coins recently withdrawn from exchanges. Currently, Bitcoin trades around $87,500.