- Next ATH target awaits for BTC at $110,000 and $117,000.
- Analyst notices a massive liquidity pool sitting above BTC’s previous ATH.
- Bitcoin could then pump to hit a higher target at $120,000 and possibly higher.
The price of Bitcoin, the pioneer crypto asset, remains in its new 6-digit ATH price range and is presently sitting at $103,000. With the price of BTC so close to its previous ATH price of $109,000, analysts are looking towards the next ATH target for Bitcoin (BTC). In detail, the next ATH target awaits for BTC at $110,000 and $117,000, according to seasoned analysts who see a massive liquidity pool sitting above Bitcoin’s previous ATH price.
Next ATH Target Awaits for BTC at $110,000 and $117,000
The last week was a monumental one for Bitcoin (BTC), after a slow pump from $70,000 to $95,000 in the month of April, the price of Bitcoin finally broke back up into 6-digit prices and has since been working to reclaim its previous ATH price at $109,000. In particular, last week, the price of Bitcoin pumped to hit $103,000 just as many analysts predicted, drawing attention to what targets analysts are expecting to see for BTC next.
So far, several economic experts and financial leaders have shared dozens of bullish price predictions for Bitcoin (BTC) to hit in the peak of this bull cycle. To highlight, these predictions include $116,000, $125,000, $135,000, $165,000, $250,000, $350,000, and $500,000. While some even expect BTC to hit $1 million in the coming years ahead. However, for the cycle top price during this ongoing cycle, this price is still up in the air.
Despite the uncertainty of the cycle top price, analysts are certain that Bitcoin will go on to hit several new ATH targets in the coming days ahead. This prediction coincides with geo-political market movements as well. For instance, BitMEX co-founder Arthur Hayes urged traders and investors to “buy everything” following the new US-China tariff deal, which means parabolic moves lie ahead for most financial markets.
Next ATH Targets for BTC Could Go Much Higher
Adding to the bullish fervor is this reputed analyst in the post above. According to this analyst, Bitcoin is moving towards its next ATH target which lies between $110,000 and $117,000. In this analyst’s eyes, there is a massive liquidity pool sitting above BTC’s previous ATH. He says that this is where shorters are likely to capitulate and the squeeze could be brutal which will send the price of Bitcoin to much higher targets.
Meanwhile, another crypto analyst, known for his many silver-tongued predictions so far, Doctor Profit , adds to the conversation. As we can see from the post above, this analyst believes that BTC will go even higher after setting its new ATH price. Now, he places this target to be between $117,000 and $120,000, saying that Bitcoin is on its way to fulfil these price targets.
