Bitcoin Eyes $150K as Analysts Highlight Bullish Patterns and Key Support Levels
Bitcoin remains in a consolidation phase above $100,000, showing no significant movements in the past 24 hours.
Key indicators, including its position above the 50-day and 200-day SMAs, suggest continued bullish momentum, supported by an “Extreme Greed” market sentiment score of 83.
The “3 Expansion Phases” pattern, highlighted by TradingShot, indicates Bitcoin could reach $150,000 by mid-2025.
This pattern, characterized by sharp price rises and brief consolidations, aligns with historical trends. The current phase is supported by the one-week RSI and strong support above the 50-week moving average, signaling further upward potential.
Institutions like Standard Chartered and VanEck forecast Bitcoin prices between $180,000 and $200,000 by 2025, driven by institutional inflows. In the short term, analysts point to an ascending triangle pattern on the eight-hour chart, with a potential breakout targeting $112,000.
On-chain analysis warns that when Bitcoin’s supply held at a loss drops below 4%, it may signal the bull market peak, urging investors to consider exiting positions. Bitcoin’s key level remains $100,000—dropping below could mean further losses, but staying above may pave the way to $105,000 and beyond.
Bitcoin Poised for New Highs? Analyst Says $101K Is the Key
A well-known crypto analyst believes Bitcoin could reach record highs—if it clears a critical resistance level. DonAlt suggests that BTC needs to break past $101,000 to trigger a significant rally. According to him, this is the final barrier before Bitcoin can push into uncharted territory. “The setup looks solid. That’s why I’ve been saying to […]
Bitcoin Could Crash 40% if This Support Level Fails to Hold
A well-known crypto analyst, known for his accurate predictions, is now highlighting a potential downside for the asset amid the recent correction. The crypto expert, known as Rekt Capital, explained that while Bitcoin is currently in an upward trend, historical patterns suggest that a further decline is possible. Rekt Capital pointed out that Bitcoin often […]
Critical Bitcoin Price Points That Could Trigger Major Market Moves
Crypto analysis firm MarktQuant has identified key price levels that will play a crucial role in Bitcoin’s next moves, drawing attention to both resistance and support zones that investors should watch closely. 🟠 $BTC Key Levels to Watch For the bulls to regain control, the price must soon surpass the critical resistance at 98.4k. Failure […]
Bitcoin’s Longest Re-Accumulation Phase Could Push Price to $96K, Says Analyst
Bitcoin (BTC) has just completed one of its longest re-accumulation phases in history, according to popular crypto analyst Rekt Capital. In a recent YouTube update, the anonymous trader pointed out that the cryptocurrency has been in an extended price discovery phase, surpassing previous cycles in 2021, 2017, and 2013. Rekt Capital explained that, unlike earlier […]
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