• Bitcoin (BTC) has reclaimed the $64,000 price and is fueled by bullish sentiment.
  • Positive market news has many analysts reanalyzing the BTC price chart.
  • Many believe that the new bull cycle top target will exceed $220,000

Bitcoin (BTC) is back up over the $64,000 price mark and this paired with many new factors such as the $140 billion liquidity in j ection from China , is fueling bullish green sentiment for the crypto market and analysts are readjusting their price predictions accordingly. So far, the greatest cycle top prediction was for BTC to hit $220,000 .

Analysts Reanalyze Bitcoin Top Predictions

Now, given new moves in the crypto market, the sentiment for a higher high has gained momentum and analysts are stepping up to share their observations. Previously, the minimum high for the price of BTC this bull cycle was in the $80,000 range. Now, one analyst says $127,000 could be the minimum target for Bitcoin. 

According to this analyst, the Bitcoin chart is forming a head and shoulders pattern on the inverted chart. For his prediction to play out, Bitcoin (BTC) price must first break $75,000 and from there it will soar to hit higher highs. 

#Bitcoin forming a massive bull flag which is a bullish continuation pattern.

The breakout target is $200k. pic.twitter.com/RAzSWjenT5

— Mags (@thescalpingpro) September 24, 2024

BTC Price CouldSoar Over $220,000 This Bull Cycle

Meanwhile, another analyst chimes in with another bullish chart pattern on the BTC price chart. According to this analyst, BTC is forming a massive bull flag which is a bullish continuation pattern. He expects this movement to take the price of Bitcoin to a higher breakout target of $200,000. 

Few months ago I shared an analysis giving you my expected top scenario for Bitcoin in this bull market to be 170-220k

Few things changed since then which are very positive and I will increase my prediction. Let me make some more calculations to give you my final number

Read CRYPTONEWSLAND on google news

— Doctor Profit 🇨🇭 (@DrProfitCrypto) September 24, 2024

Finally, the silver-tongued analyst, Doctor Profit, enters the conversation. As we can see from the post above, he mentions how he expected a bull market top price for BTC between $170,000 and $220,000. Now, given new events and positive market changes, he hints at sharing a much higher target in his updated prediction very soon. 

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