Article

Mainstream crypto market cycle top assessment: Bitcoin could rise as high as 190000 USD, while Ethereum 8800 USD BlockBeats reports that October 2, crypto analyst alicharts used long-term charts of mainstream crypto assets to forecast the tops of major cryptocurrencies in the current bull market from a technical analysis perspective, as follows:

Bitcoin's first target is the previous high at 125,000 USD. If this high is broken, it may reach the upper boundary of the ascending channel—near 190,000 USD;

Ethereum's monthly chart shows that it has followed an ascending channel over the past 5 years, 5000 USD with the channel's upper boundary near being a level to watch. If this level is broken, the expected move will point toward 8800 USD;

SOL monthly chart appears to be forming a cup-and-handle pattern, with the neckline near 295 USD. A monthly close above this line would strengthen the bullish case, with the pattern's potential target expected to be near 2744 USD.

Original link https://m.theblockbeats.info/flash/370047