 
 
Bitcoin’s expected peak has been an ongoing conversation amongst market participants, with predictions flying incessantly this week. One analyst, in a bid to bring clarity to the conversation, has laid out the possibilities for the big bull.
In an X post, analyst CollinTCrypto shared a technical chart displaying a trendline that he considers promising. More particularly, the trendline touches all three market cycles and could determine the asset’s potential price peak expected to come later in the year.
“Interesting trend line. It touches all 3 cycles. If the Bitcoin top is later this year and it respects this line, what price might that suggest? To me it looks like it would only be around $125k-$130k, so it’s interesting to think it could be possible (and what might happen?) if the price were to break above this line.” The analyst wrote.
The analyst further stated that the Bitcoin top could surpass the $130,000 mark, explaining that the end-of-year top zone could go up as high as $140,000.
As his post reads;
 
“For the record, I’m not suggesting the top is in right now. Furthermore, I think the actual BTC top will be higher than $125k-$130k, so I’m looking at this as a thought exercise at how this might play out. It seems fairly possible that this upper line could be blasted through and used as support, but it’s bold to say that before it happens.”
Bitcoin has managed to stay above the $110,000 price mark despite sustaining losses of up to 2.62% over the last 7 days. Trading at a press time price of $116,994, BTC is slightly behind its ATH of $124,457 and must sustain momentum above the $110,000 price point or risk retesting lower lows.
Source: https://zycrypto.com/the-actual-btc-top-will-be-higher-than-125k-130k-analyst-declares-as-new-bullish-signal-emerges/