Analyst Charts Roadmap To $117,000, What You Should Know
The price movement of Bitcoin in the past 24 hours Features characterized by strong fluctuations Because it touched the upper and lower ends of $ 98,380 and $ 103,369, respectively. The technical analysis of the price movement of Bitcoin within the time range of candlesticks every week shows that the leading cryptocurrency is On the road of target goals $ 117,000.
Analysts on the tradingView platform Overview a detailed roadmap In order to make Bitcoin reach the price target of $ 117,000, a series of key price areas and market cycles are introduced.
The momentum and resistance level of $ 117,000
The technical trend analysis shows that since the fourth quarter of 2024, Bitcoin has been rising on channels for trading during the weekly candlestick time, and its price has risen steadily within the channel. As shown in the figure below, the most The recent 7 -day candlestick is decliningPromote Bitcoin to re -test the midline of this rising channel. This loser movement reflects temporary sales pressure, but is consistent with the broader correction model in the overall upward trend.
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It is expected to rebound from here, which will cause Bitcoin to trend the trend line. Interestingly, the transition of the upper resistance area makes the target stock price about $ 117,000, which marks the important milestone of Bitcoin. Nevertheless, there is still potential downward risk, and it is expected that it will not be a linear $ 117,000 journey.
According to analysts, Bitcoin may call regional callbacks between $ 95,000,97,000 and $ 100,000, which may be the merger area before Bitcoin restore its upward trajectory. The area is in line with the previous support level and trend line, which further consolidates its importance as a key area for accumulation and stability. The Harmony Fibonati projection tool also shows that the scope of callback is 97,000 US dollars to $ 95,000, which can form a Continuous “healthier settings”.
In addition, the temporary resistance is close to $ 108,000, which may also slow the climbing of Bitcoin. Considering the current historical high Then it will need to surpassEssence Even if there is a potential callback, the overall long -term structure is still bullish. The climax of the roadmap and the higher low of the roadmap reaches $ 117,000.
Bitcoin’s market cycle span multiple timetable
Analysts have also studied the market cycle of Bitcoin within different times. On the daily chart, Bitcoin is currently in the second cycle, and analysts describe it as a stage where there is almost no power to buy. Entering the current level will bring higher risks, and cycle 1 needs to return to the entrance point. The weekly range also reflects the top of the chart at the top of the chart. This position usually transitions to the third cycle, which may cause major prices to move up or down.
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Within two weeks, cycles 1 exists, but it is also at the top, which is not a good entry point. However, deleting the recent selling signal indicates the direct risk of Bitcoin Falling below $ 97,000, it has been reduced, But it has not completely ended.
When writing, Bitcoin The transaction price is $ 102,700 It has increased by 4 % in the past 24 hours.
Charts from special images from IStock, tradingView.com
