Crypto analysts predict the top of the bull market for mainstream currencies: Bitcoin can reach $190,000, Ethereum $8,800
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According to ChainCatcher news, crypto analyst Alicharts combines the long-term K-line charts of mainstream crypto assets and predicts the top of this bull market for each mainstream currency from the perspective of technical analysis as follows: Bitcoin’s first target is the previous high of $125,000. If it breaks through this high, it may touch the upper boundary of the ascending channel - close to $190,000; Ethereum’s monthly chart shows the ascending channel it has followed in the past 5 years, 5,000 The upper band of the channel near the US dollar is a level to watch. If this level is exceeded, the expected move would be towards $8,800.
SOL appears to be forming a cup-and-handle pattern on the monthly chart, with the neckline located near $295. A monthly close above this line would strengthen the bullish case, with the pattern expected to have a potential target near $2,744.
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