According to crypto analyst Celal, Bitcoin could reach a record high of $145,000, and he’s indicated when he believes this might happen.
When The Bitcoin Price Could Hit $145,000
Celal predicts Bitcoin’s price will surge to $145,000 between October and November, according to a recent post on X (formerly Twitter). He shared a chart indicating this increase could happen as Bitcoin’s Relative Strength Index (RSI) rises above 70, reaching overbought levels around 90. The chart also suggests Bitcoin might be nearing its lowest point before this potential price increase, possibly reaching a new all-time high.
Bitcoin’s price is being closely watched as it struggles to stay above $70,000. Current tensions between the U.S. and Iran, and threats of escalation from President Trump regarding the Strait of Hormuz, are putting downward pressure on the leading cryptocurrency.
As a researcher following Bitcoin, I’ve noticed we’re currently in a holding pattern. The price is at a critical point, and right now, it’s what I’d call a ‘no-trade zone.’ Specifically, the area between $65,636 and $70,685 is key. My analysis shows a significant amount of Bitcoin – over 1.72 million – has been bought and sold within this range, indicating both buyers and sellers are firmly holding their positions.
According to Martinez, Bitcoin’s price needs to decisively move above $70,685 or fall below $65,636 before a significant price change occurs. Analyst Ardi believes Bitcoin remains in a downtrend, and the recent price increase was likely just traders buying back borrowed crypto. This suggests the price could still fall further.
The Economic Backdrop Is Bad For BTC
According to crypto analyst Colin, current economic conditions – including rising oil prices and the expectation that the Federal Reserve won’t cut interest rates soon – are creating a challenging environment for Bitcoin. He believes this is particularly problematic for Bitcoin because, as a riskier asset than stocks, it’s more vulnerable to these pressures. He anticipates Bitcoin will likely fall below its current trading range, potentially breaking down from a bearish pattern it’s been stuck in since February.
According to the analyst, the main question now is how long Bitcoin’s price can stay at its current level. He pointed out that Bitcoin has been in a downward trend, or ‘bear market,’ since October 5th, and it’s only been five months so far. Because bear markets usually last about a year, Colin believes the price could still fall further.
As of today, Bitcoin is trading around $68,800, a slight decrease from its price 24 hours ago, according to CoinMarketCap data.
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2026-03-23 21:04