Bitcoin price on its way to $133K? Analysts expect mega rally

Well-known crypto analysts Tony Severino and Ali Martinez are bullish on Bitcoin now that a new bull run signal is visible. Severino thinks the price could rise to $133,000, while Martinez even sees targets between $174,000 and $462,000. What is behind these optimistic predictions and what factors play a role?

Is the strongest part of the bull run coming?

Tony Severino expects Bitcoin to be about to enter the strongest part of the bull run. In a recent post on He bases this on the two-month Relative Strength Index (RSI), which has almost reached the value of 70. In previous years, an RSI of 70 resulted in large price increases, such as 11,000% in 2012 and 2,700% in 2016.

Martinez: Price targets up to $462,000 possible

Martinez’s analysis is even more optimistic than Severino’s. He points to previous bull runs in which Bitcoin peaked between the 1,618 and 2,272 Fibonacci retracement level. According to his calculations, Bitcoin price could peak between $174,000 and $462,000 this cycle, depending on the precise movement of the market.

These targets are well above previous estimates, but Bitcoin’s strong performance since reaching the $73,000 level supports his optimistic scenario, according to Martinez.

Factors contributing to a potential rally

In addition to the technical signals, macroeconomic factors also contribute to the bullish sentiments around Bitcoin. Analysts point to, among other things, the recent decline in unemployment in the US and an increase in the average hourly wage, which strengthens confidence in the US economy. However, ongoing geopolitical tensions and concerns about a possible recession create uncertainty and could further support Bitcoin as a ‘safe haven’ asset.

Expectations regarding a further price increase are high, but as always, the crypto market remains unpredictable. Should the bullish predictions of analysts like Severino and Martinez come true, Bitcoin appears poised for a historic new high in this bull market.