Bitcoin will rise to $ 223,000 — Coindesk

The price of bitcoin BTC $108,340.30 Bitcoin -0.22% Market capitalization $2.15 trillion VOL. 24 hours $0.96 billion may face serious resistance levels at $ 115,000 and $ 223,000. This was stated by technical analyst Omkar Godbole, who studied the long-term dynamics of the first cryptocurrency.

According to him, these levels are determined based on historical patterns of bitcoin price movement, as well as key psychological and technical zones that can influence market behavior. The analyst emphasizes that although these marks seem far away, they may become realistic targets over the next few years if the current growth trend continues.

At the same time, he notes that breaking through these levels will only be possible if there is strong demand for crypto assets and a positive macroeconomic situation. If the price approaches $ 115,000 and $ 223,000, investors should be prepared for increased volatility and potential corrections.

In addition, the analyst notes that the cryptocurrency market remains vulnerable to global financial turmoil and changes in the regulatory environment. Therefore, even when the designated levels are reached, both short-term rebounds and deeper drawdowns are possible.