The cryptocurrency market is going through a period of volatility. According to TradingView, Bitcoin is showing a Wyckoff accumulation pattern applied to the BTC/USD price action, a pattern used to understand how institutions buy assets at low prices before pushing them into a strong uptrend.
Now, Bitcoin is expected to touch the 2680-2690 level, with expectations of testing new highs if it maintains its level above the major resistance at $92,000. If the momentum continues, the next target level could be around $110,000.
On the other hand, another analysis suggests that Bitcoin could reach $749,000 in 2025.