BlockBeats reported on Oct. 2 that crypto analyst alicharts outlined possible cycle-top levels for several major digital assets based on long-term candlestick charts. For Bitcoin, the first target is the previous high at $125,000. If that level is cleared, the next move could reach the upper boundary of its rising channel, near $190,000. For Ether, the monthly chart shows an ascending channel that has held for nearly five years, with the upper boundary around $5,000 standing out as the key level to watch. A break above that area would point to $8,800. For SOL, alicharts said the monthly chart appears to be forming a cup-and-handle pattern, with neckline resistance near $295. A monthly close above that line would strengthen the bullish setup, with the pattern implying a potential target near $2,744.
BlockBeats reported on Oct. 2 that crypto analyst alicharts used long-term candlestick charts to outline possible cycle-top levels for several major cryptocurrencies.
Bitcoin target starts at $125,000
For Bitcoin, alicharts put the first target at the previous high of $125,000. If BTC breaks above that level, the move could extend toward the upper boundary of its ascending channel, which sits near $190,000.
Ether chart points to $8,800 after a break of $5,000
On Ether, the analyst said the monthly chart shows an ascending channel that has been in place for nearly five years. The upper boundary of that channel, around $5,000, is the level to watch. If ETH breaks through it, the projected move points to $8,800.
SOL neckline sits near $295
For SOL, alicharts said the monthly chart appears to be forming a cup-and-handle pattern, with the neckline near $295. A monthly close above that level would strengthen the bullish case, and the implied target from the pattern is near $2,744.
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