Bitcoin's $120,000 Path and Correction

The Bitcoin price is still correcting under $100,000, down 1.93% in 24 hours. However, crypto researcher Titan of Crypto believes the dominant cryptocurrency will reach $120,000. The expert believes Bitcoin will reach $110,000, but additional price drops are possible.

Bitcoin peaked at $108,135 on December 17, missing $110,000. However, the cryptocurrency has subsequently corrected and is now 12% below this price level. Bitcoin fell 14.36% in five days from its $108,135 peak to $92,600 on December 23.

Since then, Bitcoin has rebounded, but it has prolonged its decline below the $100,000 psychological mark without a dramatic bounce to the upside.

Titan of Crypto maintained his long-term positive view on Bitcoin, calling $110,000 “inevitable.” His study shows that Bitcoin is only consolidating before its next uptrend.

The correction has mostly stayed over $90,000, but it might break below amid consolidation. Titan of Crypto said that $87,000 might be the “maximum pain” for Bitcoin if price falls lower. This is the lowest Bitcoin price that may maintain optimistic mood among holders.

Technical Analysis Shows Playing Cup-Handle Pattern
Bitcoin's price motion after breaking out of a cup and handle pattern is used for technical analysis. The chart below shows this cup and handle pattern during the 2022 bad market, 2023 recovery, and 2024 bull market. In October and November, Bitcoin broke above the neckline, setting the groundwork for a bullish run.

Titan of Crypto had proposed a $110,000 price goal following the breakthrough, but warned of a possible fall. This correction has worked as planned with the two-week price drop.


Bitcoin now trades at $95,906. Reaching $110,000 would provide a 15% return on investment from current prices.

Another expert on social networking site X said that Bitcoin may peak around $120,000 this cycle using Fibonacci Circle analysis. This price objective crushes expert expectations of $250,000 to $1 million.

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