On July 15, Katie Stockton, founder and executive partner of Fairlead Strategies, told CNBC on Monday that before this breakthrough, the market had experienced nearly two months of consolidation, which now feels like "ancient history".
She stated that the company developed a "measured move projection" based on the breakthrough and assumed that the previous upward trend would continue before any correction phase: "This means the medium-term target price for Bitcoin will be around $135,000."
Additionally, Markus Thielen, research director at 10x Research, said on Tuesday: "Based on the breakthrough signal on July 10, which historically leads to an average increase of 20% in the next two months, we predict that Bitcoin's price could reach $133,000. We expect some consolidation in the near term, followed by a rise to $133,000, and we still aim to achieve the year-end target of $160,000." (Cointelegraph)
