Bitcoin Price Above $100,000 Again? Chart Patterns Show What’s Coming Next
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Crypto analyst Madden improves Bitcoin price rises by more than $100,000 Again, it provides a bullish outlook for flagship encryption. His analysis shows the next step in BTC and how to achieve this psychological price level.
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Bitcoin price eye rally exceeds $100,000, potential bullish reversal
exist TradingView PostsMadden said the price of Bitcoin is leaning towards pulling more than $100,000, and there may be a reversal. The chart he accompanied shows that BTC could reach potential targets of $91,700, $102,700 and $109,356 when it reverses to a rise. The rally to $109,356 will mark a new one Highest history (ATH) For flagship cryptocurrencies.
Crypto analysts mentioned some charts with important levels and related patterns to determine whether the reversal was confirmed Bitcoin Price. On the daily chart, he highlights the wave patterns of deep crabs and wolfs to identify the reversal points. The deep Crane pattern suggests that BTC may bottom out when it hits $76,600, and the reversal is now working.
Madden also hints at the daily chart of CME at the price of Bitcoin. He noted that there are 200-day retests of the moving average (MA) every day, and CME Gap $77,000 to $80,000 have been filled, which shows that there is no reason for BTC to lower this low again. Meanwhile, the crypto analyst added that BTC is currently above the highest support lines in 2022 and 2024.
BTC Roadmap Goes Forward
As part of the analysis, Madden also provides a roadmap and future prospects for Bitcoin prices. His accompanying chart shows that flagship encryption can Up to about $125,000 In this market cycle. According to the chart, BTC will reach this target by the end of the year. Crypto expert Willy Woo has also suggested that Bitcoin can achieve this goal, as he said, conservative.
The chart also shows that Bitcoin price may enter a bear market by 2026, dropping from its expected peak to $125,000 to as low as $40,000. This price drops to $40,000 before the end of 2026.
At the same time, the bullish reversal of Bitcoin prices is the main focus of market participants. Crypto analyst Ali Martinez It points out that BTC is breaking out. He added that as long as $84,000 is supported, the target is $90,000.
Crypto whale has positioned itself as a potential reversal of the Bitcoin price to $90,000. Martinez revealed that the whales have purchased more than 20,000 BTC in the past 48 hours.
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At the time of writing, the Bitcoin price is trading at about $84,500, up more than 3% in the past 24 hours. data From CoinMarketCap.
Featured images from Pexels, charts for TradingView
