Here’s The Best Time To Buy Bitcoin As Impulse Wave Sets Path To $150,000

With the latest rally to a new all-time high above $125,700, the Bitcoin price looks to have begun another path that could lead to multiple new all-time ￰0￱ this time, market sentiment has moved back into the positive, and this continues to show in the way the price has held above $120,000 despite the corrective ￰1￱ analyst CrediBULL Crypto believes that this means that the Bitcoin price is set on its path to $150,000, so this report takes a look at the ￰2￱ The Bitcoin Price Is Headed To $150,000 And The Best Time To Buy In the analysis that was shared with over 478,000 followers on the X (formerly Twitter) platform, CrediBULL Crypto highlights the recent move that saw the Bitcoin price hit a new all-time ￰3￱ to the analyst, the fact that it was an impulse move led to this all-time high is bullish, and shows that the cryptocurrency is ready for the next leg-up that will lead it to $150,000.

Related Reading: Bitcoin’s 2021 Playbook Shows The Final Price Target For This Bull Cycle Naturally, there have been pullbacks when the Bitcoin price has retested the $121,000-$122,000 zone. However, the price has held up, and most especially, it is well above $108,400, which was the start of the impulse ￰4￱ that this level was the bottom that began this recent move, the Bitcoin price remains bullish as long as it continues to trade above ￰5￱ also drives into the fact that there are particular areas of interest from here that would make for a good entry ￰6￱ crypto analyst points out the next demand zone that is lying firmly between $108,000 and $118,000, due to how the last move began and played ￰7￱ Crypto explains that for the crypto traders who had shorted the move between $108,000 and $118,000 and are now stuck with underwater bags, a return to this zone would create a strong area of ￰8￱ is because these traders would be looking to close their underwater positions or possibly refill their positions at these ￰9￱ way, the outcome is the same: it would create a lot of demand at this level, making it a potential area for a ￰10￱ Reading: XRP Ready For Bullish Pop As Important Technical Signal Reappears Going by this logic, if the Bitcoin price does retrace back anywhere between $108,000 and $118,000, then it would be an ideal time to buy.

“Dips into that zone of 108-118k are a blessing if we get them- and if not, well then enjoy the ride to 150k,” the analyst stated. However, this depends entirely on the Bitcoin price holding above the $108,400 start ￰11￱ the price were to fall below this level, then it is possible it would invalidate this bullish thesis and trigger more sell-offs once ￰12￱ image from Dall. E, chart from ￰13￱