Bitcoin's price is exhibiting a bullish pattern that might propel it to a range of $150,000 to $170,000. Analyst Gert van Lagen has highlighted a wave formation that indicates a potential surge to these levels. He predicts that following this rise, Bitcoin might retrace to $120,000 before embarking on a parabolic rally to $300,000, marking the bull market's peak by April.
Another analyst, Titan of Crypto, supports the bullish outlook, suggesting that Bitcoin could reach $158,000 if a bullish pennant on the monthly chart plays out. Despite the optimistic scenarios, Justin Bennett cautions that Bitcoin might dip to $91,000, noting a range-bound pattern until further confirmation.
Currently, Bitcoin is trading around $105,402, rising over 3% in the past 24 hours, as per CoinMarketCap. The ongoing dynamics in Bitcoin's price reflect a strong bullish momentum, yet potential corrections keep market participants vigilant.
Kaynak: www.newsbtc.com ↗