$137,000 and $165,745 Set As Next Bull Targets for Bitcoin, Bullish Indicators Support Both BTC T...

$137,000 and $165,745 set as next bull targets for Bitcoin

Several bullish indicators support both BTC targets being hit this cycle

Analysts keep a close eye on the BTC price chart.

The crypto community was thrilled to see the price of Bitcoin (BTC) hit its latest ATH of $123,091.61 yesterday. While greater prices were expected for the pioneer cryptocurrency, the price of BTC instead traced back to the $117,000 price range, perhaps due to some profit taking. Now $137,000 and $165,745 are set as next bull targets for Bitcoin, and bullish indicators support both possible future BTC ATH targets.

$137,000 and $165,745 Set as Next Bull Targets

The price of Bitcoin (BTC) saw an epic and rapid rally from the $112,000 price range to the $123,000 price range. This pump occurred in under two days and lit up the crypto market and the crypto community, counting down for this rally to arrive. Several analysts had shared many bullish predictions that would take the price of BTC from the $112,000 price range to the $116,000 and $121,000 region

Bitcoin went on to beat all these expectations as the price of BTC smashed through all these targets and set its ATH at the $123,000 price range. While many took profits, the price of BTC has since retraced back to the $117,000 price range and is currently trading there. As analysts expect the price of BTC to hit much higher targets in the weeks and months ahead, this retracement sets the perfect opportunity for traders and investors to accumulate more BTC before the next rally

Presently, analysts are taking a closer look at the BTC price charts to determine what could come next for the price of Bitcoin. As we can see from the post above, this one reputed crypto analyst highlights how Bitcoin has confirmed a double breakout formation. He says that the pioneer crypto asset has completed a bull pennant breakout and a pivotal level breakout, both bullish indicators

Bullish Formations on BTC Chart

With this formation complete, the analyst concludes that both signals are aligned, and this could mean another bullish rally for the price of Bitcoin (BTC). In conclusion, the analyst expects the next ATH bull target for BTC to be hit at the $137,000 price range. Once this target is hit, the price of BTC could go on to hit even higher targets in the months ahead

Similarly, another reputed crypto analyst shares the next ATH target for Bitcoin (BTC). As we can see from the post above, the analyst states that Bitcoin, after recently meeting the bull target $116,652, is now holding strong above it, meaning another higher target is in play. He then sets the next ATH bull target for BTC at $165,745 and expects another +37% upside surge to meet it.