Latest news with #TitanofCrypto
Business Mayor
22-05-2025
- Business
- Business Mayor
Crypto Analyst Puts Bitcoin Price At $120,000 If This Range Breakout Happens
Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The Bitcoin price is flying high at the moment, having rallied to a new all-time high (ATH) of $111,800 on May 22. Now, crypto analyst Tony Severino has predicted that this rally is likely to sustain, with BTC reaching $120,000 at some point. Bitcoin Price To Reach $120,000 Following This Range Breakout In an X post , Tony Severino predicted that the Bitcoin price could reach between $116,000 and $120,000 following the breakout from the $106,000 range. This prediction came just before BTC surged past its previous ATH of $109,100 on May 21. The analyst asserted that the flagship crypto could witness a 'long, white candlestick' leading to the rally to this range. Related Reading He had also warned that failure to break above the $106,000 range could lead to a retracement as lower timeframe momentum begins to wane. In another post, Severino explained why the range breakout was significant, noting that these breakouts in the Bitcoin price tend to offer a sustainable short-term trend to ride higher. He added that a valid range breakout should be supported by the RSI above 70 on the 3-day timeframe. Read More Actor Ben McKenzie says crypto is like a 'Ponzi scheme' The Bitcoin price currently boasts an ultra-bullish outlook, having rallied above the $110,000 mark and reached a new ATH of $111,800. Commenting on the surge to a new ATH, Severino admitted he was wrong about the bear thesis, stating that the macro fundamentals led over the technicals on this rally. Source: Tony Severino on x The crypto analyst is confident that the Bitcoin price can go way higher. In his latest analysis, he revealed that BTC's quarterly just triggered a perfected TD9 Sell Setup. He added that the only other time this happened was in Q4 2017, which was the most bullish quarter in crypto history. Bitcoin eventually rose by over 350% above the candlestick open. If history were to repeat itself, Severino predicts that the move will be 'fast, violent, and over' sooner than anyone can imagine. He noted that up appears to be the chosen direction, which is a positive for the Bitcoin price. A Golden Cross Is Incoming For BTC In an X post, crypto analyst Titan of Crypto stated that a golden cross is incoming for the Bitcoin price. He remarked that BTC is repeating the same pattern, with a Death Cross happening before the Golden Cross. The analyst added that the last time this happened, it triggered a major rally. Related Reading In another post, Titan of Crypto predicted that the Bitcoin price could rally to as high as $135,000. He affirmed that the target is still play, with BTC likely to reach this price level this year. Meanwhile, veteran analyst Peter Brandt suggested that Bitcoin could rally to between $125,000 and $150,000 by August. At the time of writing, the Bitcoin price is trading at around $111,300, up over 3% in the last 24 hours, according to data from CoinMarketCap. BTC trading at $110,627 on the 1D chart | Source: BTCUSDT on Featured image from Getty Images, chart from
Gulf News
21-04-2025
- Business
- Gulf News
Bitcoin surges afresh to $87,200 as analysts expect US Treasury liquidity injections
Bitcoin price rose on Monday (April 21) as it spiked to $87,216.59 (at 2:52 AM UTC), as analysts suggest a cautiously optimistic outlook for the remainder of 2025. Its price jumped 3.77% in the last 5 days (an addition of $3,165.57) as it continues to be influenced by a complex interplay of factors. After reaching an all-time high of approximately $109,000 in January, the cryptocurrency has experienced fluctuations, recently trading around $84,000 as of April 17. This price movement reflects a combination of market sentiment, macroeconomic factors, and technical indicators. Expert insights on Bitcoin's recent price movements Analysts have offered varied predictions for Bitcoin's trajectory in 2025. Titan of Crypto, a well-known technical analyst, suggests that Bitcoin could reach $137,000 by mid-2025. This forecast is based on the formation of a bullish pennant pattern and anticipated liquidity injections from the US Treasury. Dan Tapiero, CEO of 10T Holdings, points to a rare spike in the CBOE Volatility Index (VIX) as a potential indicator of a rebound for risk assets like Bitcoin within the next 6 to 12 months, as per Cointelegraph. Rally predicted Benjamin Cowen, a crypto analyst, predicts that Bitcoin could rally to between $120,000 and $150,000 later in the year, provided it maintains support above $72,000, according to Coinpedia Fintech News. Robert Kiyosaki, author of Rich Dad Poor Dad, envisions a long-term surge, forecasting Bitcoin to reach $1 million by 2035. He attributes this potential growth to ongoing economic challenges and increasing US debt. Despite these optimistic projections, some market participants remain cautious. Polymarket indicates a 61% probability that Bitcoin will surpass $110,000 in 2025. However, they assign lower probabilities to more ambitious targets, with only a 29% chance of reaching $150,000 and a 14% chance of hitting $200,000, as per Business Insider. Trump effect On April 10, Bitcoin surged and most smaller cryptocurrencies gained even more after President Donald Trump surprised markets by saying he would pause so-called reciprocal tariffs on dozens of non-retaliating countries. The largest digital asset jumped as much as 7.4% to $82,715, while XRP and Solana each increased more than 11%. Ether, the second-biggest token, also turned higher after Trump noted the change on his social media platform. Cryptocurrencies had been among few asset classes to hold steady, as investors kept dumping stocks and bonds and seeking havens to the turmoil. Bitcoin's relative outperformance buttresses the argument that it should be included in portfolios to hedge against risks, said Joel Kruger, market strategist at LMAX Group.
