Is the bitcoin price to 137 thousand dollars? The market expert says that BTC has erupted since November 2024
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After a somewhat slow start until 2025, the Bitcoin price began to influence the second quarter of the year. The first encrypted currency has regained a brand of $ 100,000 earlier this week and it seems that it was playing its role The price is absolutely high In 108786 dollars during the end of this week.
It seems that the price of BTC has turned on the switch in the market, as investors felt that the largest encryption market in the world was due to where it was at the end of 2024. According to a famous encryption expert, the pressure from the sale side it witnessed in the first few months of the year is part of the wider price interruption.
Does BTC follow this cup and the handle?
In a post on May 9 on X, CMT AKSEL KIBAR subscriber An interesting update to the last bitcoin price analysis. The market expert revealed, in late November 2024, on the social media platform, a long -term sign of the BTC price.
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In the wake of Donald Trump’s electoral victory as President of the United States, Bitcoin and encryption markets have witnessed a great deal of bullish momentum. Kibar highlighted that BTC, as a result of the post -election gathering, exceeded the level of a large price on the large (monthly) time frame.
As shown in the graph above, the price of bitcoin erupted over the “high school higher” in the previous highlands ever of $ 73,737 in November. Based on historical patterns, Kibar highlighted in his scheme that the leading cryptocurrency is running in an equivalent race whenever the minor exceeds the session.
Interestingly, Breakout in November 2024 formed a cup, a patch of the handle, and an artistic analysis style that resembles a cup in the form of the letter “U”, and the handle contains a simple erosion. The cup and the handle is a bullish style, which indicates an ascending trend.
In this particular repetition of this style, the BTC price continued to gather after breaking 73.737 dollars until it reached the evaluation of six numbers. However, the bitcoin price has seen a severe correction to about 74,000 dollars yet Access to his highest level ever In January.
However, it seems that Bitcoin only witnessed a slight decline to “secondary secondary” before resuming its primary rise. In this scenario, KIBAR put the cup and the goal for the leading company in the market by about $ 137,000, which represents a rare of more than 33 % of the current price point.
Bitcoin price at a glance
From writing these lines, the BTC price is about 103,071 dollars, which reflects an increase of approximately 1 % over the past 24 hours. According to data from Coingecko, the market pioneer increased by more than 6 % on the weekly time frame.
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Distinctive image from Istock, tradingvief chart
https://www.newsbtc.com/wp-content/uploads/2025/05/iStock-1255216496.jpg?fit=1254%2C836
