The Next Target for the King Cryptocurrency Could Reach $161,800 Per BTC

In a new crypto price prediction, the next target for Bitcoin might also reach a level that very few at this point would consider or expect. However, ages-old mathematics and Elliott Wave Theory could suggest the next BTC cycle may possibly peak much sooner than many would believe - and at price of $161,800 per Bitcoin. 

Bitcoin price could reach the 1.618 Fibonacci extension, which is roughly $161,800 per BTC. Interestingly, if you multiply $100K by the golden ratio, you’ll get $161,800. The top cryptocurrency touched the golden ratio target at the 2021 peak when Fibonacci extensions are drawn from the very open of the BTC CME chart to the 2018 bear market bottom.

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