BTC price closed above the Bull Market channel, Cryptocurrency analysts reveal the next trend

In a post by Cryptocurrency analyst Tony Severino on X, he mentioned that the BTC price is currently retesting the median of the Bull Market channel and forming a Evening Star pattern on the chart, suggesting a possible reversal. He pointed out that BTC is struggling to stay above the $96,000 range, which could invalidate this sell signal.
However, if BTC closes below this median range, Tony Severino warns that the price could drop significantly to the range of $90,000. If this median range remains unchanged, Cryptocurrency analysts expect BTC to break through the upper channel of over $100,000.
Tony Severino revealed that the target of this rise channel is $267,000. However, he believes that the BTC price will not reach this level in this Bull Market. Instead, this cryptocurrency analyst predicts that the peak of BTC could be between $160,000 and $190,000, although Severino believes the former is the market top.
The Cryptocurrency analyst added that the golden ratio is within the range of $160,000, making this target more achievable. He also suggested the possibility of BTC price eventually rebounding to $169,000 as it peaks within this range. In this analysis, it is worth noting that BTC currently faces the risk of falling to $90,000 as it failed to hold at the median of $96,000.
Cryptocurrency analyst CrediBULL Crypto recently stated that the $94,000 range is another level worth following for the BTC price. According to him, this is a crucial key level. He claims that as long as the flagship Cryptocurrency remains above this level, BTC is bullish across all timeframes. However, if BTC falls below this level, it could lead to a significant decline.
CrediBULL Crypto said that if it falls below $94,000, it will indicate a change in momentum and may result in a larger adjustment, which could cause the BTC price to fall to a low of $80,000. The positive side is that despite the possible adjustment in BTC price, investors are still very optimistic about its trend.
In a post, Cryptocurrency analyst Ali Martinez mentioned that investors are Buying the Dips. At the same time, he revealed that the percentage of traders holding BTC long positions has risen from 45.36% to 55.93%.
(Data Source: Scott Matherson)