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Cryptocurrency analyst Tony Severino has identified the “ideal selling point” for Bitcoin using technical indicators such as Fibonacci extensions and Elliott wave theory. According to the analysis, specific price areas have been identified as Bitcoin selling targets that investors can use to strategically exit before a potential downtrend.

Tony Severino revealed that Bitcoin is currently in wave 5, the final bullish move of the Elliott wave cycle. He identified a price range between $169,366 and $194,000 as the “ideal selling point” for Bitcoin.

Bitcoin is currently trading in the $98,000 range, indicating that Severino expects the cryptocurrency to rise between 75% and 99% to reach the target range.