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Viewpoint: Bitcoin's mid-term price target will reach the $135,000 range
BlockBeats News, July 15th, Fairlead Strategies founder and managing partner Katie Stockton said on Monday to CNBC that the market had been consolidating for nearly two months before this breakout and now it feels like "ancient history."
She stated that the firm had set up a "measured move forecast" based on the breakout scenario and assumed that the previous uptrend would continue before any correction phase: "This means that the mid-term target price for Bitcoin will reach around $135,000."
In addition, Markus Thielen, research director of 10x Research, said on Tuesday: "Based on the breakout signal on July 10th, historically, this signal would lead to an average 20% increase over the next two months. We predict that the Bitcoin price may reach $133,000. We expect some consolidation in the near future, followed by a rise to $133,000, and we still aim to achieve our year-end target of $160,000." (Cointelegraph)
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