Crypto analyst Trader Tardigrade highlights that Bitcoin's price is currently mirroring movements from 2023, recently completing a pullback, which may lead to a surge past $100,000 and consolidation around that level.
Tardigrade also forecasts a parabolic rise to $200,000 by early 2025, reminiscent of Bitcoin's rally from December to March.
Other predictions from Bernstein and Standard Chartered align with this, though Tony Severino suggests a peak closer to $160,000 might be more realistic given market conditions.
Analyst Ali Martinez considers Bitcoin still distant from a market top, pointing to the MVRV indicator and potential overvaluation concerns.
The present Bitcoin price faces a correction phase, yet Martinez sees a buying opportunity as a bullish divergence forms, potentially leading a rebound to $95,000 to $96,000.
Bitcoin is currently trading around $93,400, with ongoing price evaluations indicating volatility.
