The “next leg” could push Bitcoin’s price as high as $110,000 as the cycle low has kicked in, according to several crypto traders.
Bitcoin could jump to $110,000 on its next major rally, despite concerns of “lower highs and lower lows” forming as a pattern on the BTC price chart, according to crypto traders.
“The next leg is likely to bring Bitcoin to $110K,” founder of MN Capital Michael van de Poppe wrote in a July 17 post on X. It comes while other traders point out that Bitcoin (BTC) is failing to reach previous highs, with each new high falling short of the last.
“It should be noted that the sequence of lower highs and lower lows continues despite the halving, despite the ETF, despite the hype,” veteran trader and analyst Peter Brandt stated in a July 17 post on X.
