Crypto Analyst Says Bitcoin Is Headed For $260,000 But This Must Happen First
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A crypto analyst, 'Trader Tardigrade', predicts Bitcoin could hit $263,000, conditional on certain market criteria. The prediction is based on Bitcoin forming a 'Cup with Handle' pattern on its price chart, with a need to surpass the $68,000 level to achieve this target. The analyst noted that Bitcoin has reached the upper resistance of a descending channel pattern, indicating weaker resistance, making a breakthrough more likely. Trader Tardigrade suggests Bitcoin might consolidate briefly before another breakout, forecasting continued growth into late 2025. Another analyst, Ali Martinez, believes Bitcoin's crucial support level at $66,000 is pivotal for potential new highs.
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