Bitcoin could top $150K before retrace in repeat of 2017 cycle, says analyst
Bitcoin could reach $150,000 this cycle, and if it goes above that price level, will probably come “back down through it,” says Glassnode analyst James Check.
Bitcoin’s price action is mimicking the 2016 to 2017 cycle and could hit a top of $150,000, says Glassnode lead analyst James Check.
Check said in a Jan. 23 episode of the Theya podcast that $120,000 to $150,000 is what he would call the “topping cloud” for Bitcoin (BTC), and any level above that likely won’t hold for long.
“We can absolutely bust out the top end of that, with a very, very low probability of staying at the top end,” Check said.
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Author: Ciaran Lyons
