Bitcoin Price Prediction: $190,000 Possible, According to Macro Expert

IconCryptoNewsTerminal Staff19 Jul, 2024

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Bitcoin Price Prediction: $190,000 Possible, According to Macro Expert

According to Cointelegraph, Julien Bittel, a macro expert at US financial investment media Real Vision, predicted that "the price of Bitcoin could rise to a maximum of $190,000". He explained, "The weekly BTC/USD chart shows that the Bollinger Bands are very narrow. The Bollinger Bands have only been this narrow twice before: April 2016 and July 2023. In both cases, the price of BTC rose significantly. If a similar move occurs this time, BTC could rise to between $140,000 and $190,000." The Bollinger Bands are an indicator designed to evaluate price movements within bands by displaying the width of the upper and lower bands based on price fluctuations.

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