Bitcoin Upper Band Moves Above $105,400 – Where Price Is Headed Next

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	2,071,601,457,210	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

2,071,601,457,210

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	423.90	0.41%	104,844.86	104,844.86	104,844.87

Price Change

Price Change %

Current Price

Bid Price

Offer

423.90

0.41%

104,844.86

104,844.87

High Price	Low Price	Open Price	Prev. Close	52 Week Range
105,500.00	103,418.75	104,335.91	104,420.96	38,501.00 - 108,388.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

105,500.00

103,418.75

104,335.91

104,420.96

38,501.00 - 108,388.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	10:48:55	0.003816	104,844.86	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

10:48:55

0.003816

104,844.86

USD

Price x Volume	Volume	Base Symbol	Related Pairs
427,427,030.10	4,085.22	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

427,427,030.10

4,085.22

Bitcoin Upper Band Moves Above $105,400 – Where Price Is Headed Next

19/01/2025 2:00am

NEWSBTC

Crypto analyst Tony Severino has provided some insights into the current Bitcoin price action. He revealed that the Bitcoin upper hand has moved above $105,400 and hinted at where the flagship crypto could be heading next. What’s Next For Bitcoin Price As Upper Band Moves Above $105,400? In an X post, Severino revealed that Bitcoin’s upper band is now above $105,400. With this development, he alluded to a previous analysis in which he revealed what could happen once the price breaks above $105,400. In the analysis, the crypto analyst mentioned that things could get interesting once BTC breaks above $105,400. Related Reading: Dogecoin Open Interest Spikes To Nearly $5 Billion – Impact On Price He then predicted that Bitcoin could rally to as high as $170,000. The analyst made this prediction while revealing how BTC witnessed a 90% surge from the wick low at the lower band to the local high. This happened the last time the flagship crypto got a head fake to the lower band before moving to the upper band. Based on this trend, Severino believes the Bitcoin price could record another 90% surge and rally to as high as $170,000. This price target is significant as it could mark the top for the flagship crypto. The crypto analyst mentioned that the cycle top for Bitcoin can be discussed once BTC reaches this $170,000 target. However, market experts like Standard Chartered have suggested that Bitcoin could rally beyond this $170,000 target. The financial institution predicted that a rally to $200,000 by year-end is achievable. Bernstein analysts also described a rally to $200,000 by year-end as conservative, meaning Bitcoin could rally higher. This bullish outlook for Bitcoin mainly stems from the fact that Donald Trump is set to take office on January 20. The pro-crypto US president-elect is expected to implement a Strategic Bitcoin Reserve for the country, which will boost the flagship crypto’s adoption. BTC Not Far Away From A New All-Time High Crypto analyst Rekt Capital has suggested that Bitcoin will soon reach a new all-time high (ATH). In an X post, he stated that BTC is one daily resistance away from breaking out to a new ATH yet again. The crypto analyst added that a daily close above the final resistance followed by a post-breakout retest would be enough to launch the flagship crypto into price discovery. Until then, Rekt Capital mentioned that Bitcoin would continue to range between $101,000 and $106,000. Crypto analyst Titan of Crypto offered a more optimistic outlook for the BTC, stating that the flagship crypto has started its rally. He remarked that, as anticipated, the crypto has broken through resistance and is now primed for a strong rally. Related Reading: Dogecoin Bulls Eye $3 As Whales Scoop 200 Million DOGE In The Last 2 Days At the time of writing, Bitcoin was trading at around $103,509, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pexels, chart from TradingView

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