Cryptocurrency analyst Michaël is making serious bitcoin bullish expectations. Notably, He goes on to say that Bitcoin (BTC) is ready to hit a six-figure price in the current bullish cycle.
Furthermore, Crypto Analyst, Michaël explains how $49,800 to $51,000 level is bitcoin’s current support level after breaking above $55,000. Also, if bitcoin corrects, it’ll see $40,000 and $44,000, according to Crypto Analyst, Michaël.
“So, at this point I think that given the breakout that we’ve got,..”
“…the level that we should be watching is the range low that we have…”
Also, Crypto Analyst, Michaël adds
“…been acting in previously to. So this entire region that we’ve got on…”
“..the lows here, which is that area between $49,800 to $51,000.”
“If we’re going to get a correction, that is the level that for now is the crucial level for me…”
“…Because if we’re going to lose that zone, I think we’re going to quickly [go]…”
Additionally, Crypto Analyst, Michaël continues
“..beneath this level around $47,000 and drop all the way back towards…”
“…here [between $40,000 and $44,000].”
Furthermore, Crypto Analyst, Michaël as a bullish expectations for bitcoin to range. Then, go ahead to break above the current trading record high of $64,804.
Conclusively, The cryptocurrency analyst Michaël notes how Bitcoin is likely to follow a previous pattern. Of course, this pattern is when BTC from $15,000 moves above $63,000. More so, the possible new time all highs set at least $250,000.
“So we get some sideways action, get to watch the all-time high, get down sideways action,..”
“…big breakout. And then we get into the final phase in which you can simply copy-paste…”
“..this entire run [$15,000-$63,000] towards the one that we have above $63,000…”
“And then we probably assume that we’re going to get towards $250,000 or higher.”
Notably, Bitcoin spikes 30% increase over the past seven days. Which of course, is trading at $54,699 at the time of writing, according to CoinGecko.
