Crypto analyst Tony Severino predicts that the Bitcoin price is nearing the strongest phase of the bull run, suggesting it may reach a peak of $133,000. His analysis indicates that the BTC 2-month Relative Strength Index (RSI) nearing 70 has historically triggered massive price surges in past cycles.
Severino highlights that each peak in successive bull runs has been about 20% of the prior cycle's peak. Applying this logic, a similar rise from the 437% rally in 2021 trends the Bitcoin price towards the $133,000 target, promising significant returns for current buyers.
Crypto analyst Ali Martinez also supports buying Bitcoin at its current levels, observing a cross over the 365-SMA MVRV ratio, often signaling a major bull rally. Martinez's analysis shows potential for a 236% price increase from current levels, indicating substantial upside potential remains.
Martinez projects a more bullish potential for Bitcoin, estimating the price could peak between $174,000 and $462,000 based on past Fibonacci retracement patterns. Although predictions vary, experts agree Bitcoin could rise above $100,000, bolstered by various global scenarios.
At present, Bitcoin is trading around $72,300, with ongoing market activity suggesting further upward momentum during the bull market's strongest phase.