Bitcoin Price Could Blitz Beyond $150,000 During Next Bull Cycle in 2023

Despite the 82 percent drop in the valuation of the crypto market in the past year and the inability of bitcoin to recover beyond $4,000 in the past three months, one analyst sees the dominant cryptocurrency surpassing $150,000 by 2023. Josh Rager, a cryptocurrency technical analyst and investor, said that based on the price trend of bitcoin since 2011 and the pattern of bitcoin rebounding from a correction following an all-time high, he sees bitcoin achieving a new peak price in 2,051 days, by 2023. The next Bitcoin cycle should…

Bitcoin (BTC) Price Could Make A Sustained Move Higher

Bitcoin price jumped higher recently and traded to a new weekly high above $4,140 against the US Dollar. The price traded as high as $4,142 and it is currently consolidating gains above key supports. There is a new contracting triangle forming with support near $4,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could decline in the short term, but it remains supported near $4,100 and $4,050. Bitcoin price is trading with a strong uptrend above the $4,040 pivot level against the US Dollar.…