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Bitcoin's Mid-Term Target Price Expected to Reach $135,000 Range
Summary: Fairlead Strategies founder and managing partner Katie Stockton told CNBC on Monday that the market had been consolidating for nearly two months before this breakout, feeling like ancient history now. The company has set measured moving forecasts based on the breakout situation, assuming the previous uptrend will continue before any correction phase: this means Bitcoin's ...
Fairlead Strategies founder and managing partner Katie Stockton told CNBC on Monday that the market had been consolidating for nearly two months before this breakout, feeling like ancient history now. The company has set measured moving forecasts based on the breakout situation, assuming the previous uptrend will continue before any correction phase: this means Bitcoin's mid-term target price is expected to reach around $135,000. Additionally, Markus Thielen, research director at 10x Research, stated on Tuesday that based on the breakout signal on July 10, historically this signal leads to an average 20% increase over the next two months. We predict Bitcoin prices could reach $133,000. We expect some consolidation in the near term, followed by a push towards $133,000, and we still aim to achieve our year-end target of $160,000.
