The famous encryption analyst with X Pseudanment Plan D shared an interesting prediction in supporting the cryptocurrency to achieve a $ 167,000 price goal based on the simultaneous composition of two updates of upward plans.
It is worth noting that the Bitcoin market recently rocked large levels of fluctuations after re -tensions of geopolitical tensions in the Middle East. The leading cryptocurrency was destroyed to less than $ 103,000 on Friday, followed by a recovery of moderate prices.
Forming the upscale ascension and spoiling: The bold goal is 167,000 dollars
in X post On June 13, Pland is involved in an interesting analysis in the Bitcoin price that hints at the excellent encryption currency in its path to increase large prices. According to the famous trading expert, the Bitcoin price procedures since the beginning of 2025 have been created, respectively, a low formation and the formation of bullish shepherds.
Interesting, both positive chart patterns indicate an imminent price. Pland analysis shows that the formation of the falling wedge is largely a representative in the first trimester of 2025, as Bitcoin has witnessed a long correction in the market before the price was eventually reflected in the upper boundaries at the upper border of $ 85,000.
After this recovery, Bitcoin began an exciting prices to achieve the highest new level ever at 111,814 dollars on May 22, the science pattern pillar represents the rise. However, since it reached this peak price, the first cryptocurrency has slipped into a declining uniform, which is a side channel over the past two weeks representing the flag.
Watching with the first fall sprays, Pland analysis indicates that Bitcoin is expected to achieve a $ 121,000 price. However, the analyst notes that this bullish situation remains only valid, provided that the first cryptocurrency coin remains above the lower border of the flag at $ 102,300.
If Bitcoin Bulls is able to keep this price, Pland expects gradual progress to $ 121,000 and even beyond the goal of the price of $ 167,000. Interestingly, the analyst boldly supports prediction provided that the specific support is preserved regardless of news developments.
Bitcoin price expectations
At the time of the press, BTC is trading $ 104,960, which reflects only 0.15 % decrease last day. In the long time frames, the first cryptocurrency increased by 1.23 % on the weekly graph and 2.10 % on the monthly graph, indicating that the upscale forces still retain a control that fades into the market.
Related reading: Bitcoin flashing an early purchase signal? The advanced UTXO ratio decreases sharply after local peak
To re -enter the price discovery phase that keeps the continuous Crypto Bull Run, Bitcoin must break its highest level ever. However, the basic principle is currently competing with a large resistance level at the $ 110,000 region, which has proven effective after two refusers.
BTC trading at $104,951 on the daily chart | Source: BTCUSDT in TradingView.com
Distinctive image from Istock, tradingvief chart
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