This Analyst Correctly Predicted The Bitcoin Price Jump To $99,000, But His Prediction Is Not Done 📈
Weslad, a TradingView analyst, has revised his Bitcoin price forecast, setting the new target at $105,764. He bases his prediction on Bitcoin’s recent entry into a bull market phase, marked by a sharp price increase and positive market sentiment.
The analyst uses the “Ascending Channel” pattern, consisting of two parallel upward-sloping trendlines, to support his bullish outlook. This chart pattern suggests continued upward momentum for Bitcoin. A potential corrective move towards the $94,327.99 buy-back zone could present an optimal buying opportunity.
In a detailed 4-hour chart analysis, Weslad identifies the range between $91,000 and $92,000 as a crucial support level, and $97,537 as the immediate profit target. The $100,334 level is specified as the mid-term price target, important for longer-term investors.
Weslad's chart analysis ultimately projects $105,764 as Bitcoin’s final target for the current market cycle. This price represents a relatively modest increase of 6.83% from its current $99,072 value. The analysis is a continuation of Weslad's accurate prediction of Bitcoin’s previous all-time high of $99,000.
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