Is Bitcoin’s price referring to $ 137k? Market expert says BTC broke out of November 2024. – Tradingview News

After a bit slow, start up to 2025. years, the price of Bitcoin started impressing in the second quarter of the year. The Prime Minister Kruptocurrency has returned 100,000 marks in the amount of $ 100,000 this week and it seems to play its highest price of $ 108,786 during this weekend.

The price of BTC seems to be moving to the market, and investors feel that the largest crypto market in the world returns to the end of 2024. Years. According to the popular CRIPTO expert, priority pressure is that premature pressure was experienced in the first few months of the year in the first few months of the year, everything is part of the wider termination.

Is BTC after this cup and the calculation of address?

In the post to 9. May on the X, an authorized market technician (CMT) Aksel Cabar divided an interesting update on his recent analysis price bitcoin. The market expert was discovered, at the end of November 2024. post office on the Social Media platform, a long-term interruption signal for BTC price.

After the electoral victory, Donald Trump as the President of the United States, Bitcoin and the crypto market testified a significant amount of bull holder. The Kibar emphasized that the BTC, as a result of the postdictive rally, violated above a significant price level at a large (monthly) time limit.

As shown on the top chart, the price of Bitcoin crossed its “small high” around the former all the time of High High $ 73,737 in November. Based on historical patterns, the Kibar pointed out in his chart that leading cryptocurrency goes on a parabolic run whenever the juvenile in the cycle goes.

It is interesting that this November 2024. formed a cup and a handle pattern, a technical form of analysis that resembles a “U” cup and handle has a slight decline. Cup and handling is considered a bakery sample, which signals the continuation of the growth trend.

In this specific iTerrance of this form, the price of BTC continued to gather after breaking out of $ 73,737 until it reached six Codens. However, the price of Bitcoin testified serious corrections at about $ 74,000 after arriving to their current time in January.

However, Bitcoin seems to have testified only smaller difficulties “smaller high” before continuing its primary trend up. In this scenario, the Kibar put a glass and manages a target for a market leader at about $ 137,000, represent over 33% of the instant price.

Bitcoin price at first sight

Of this writing, the price of the BTC stands at about $ 103,071, which in the last 24 hours reflected almost 1% increase. According to COINGECKO, the market leader is more than 6% on weekly weather frames.