Genevieve Oviatt Prwe

#BTCNextATH Bitcoin Price Targets $100,000: Analyst Predicts a Bullish TurnCrypto analyst Madden has ignited optimism in the Bitcoin community, forecasting a potential rally that could see the cryptocurrency soar past $100,000. Sharing his insights on TradingView, a platform renowned among traders, Madden suggests that Bitcoin is gearing up for a bullish reversal after hitting a low of $76,600, setting the stage for a significant price surge.Madden’s prediction rests on sophisticated technical analysis, spotlighting two key patterns on Bitcoin’s daily chart: the Deep-Crab harmonic and the Wolfe wave. The Deep-Crab harmonic pattern, rooted in harmonic trading and Fibonacci ratios, signals that Bitcoin likely found its bottom at $76,600, marking the start of an upward shift. Complementing this, the Wolfe wave pattern—a tool for pinpointing price reversals through wave formations—reinforces the likelihood of a climb. Together, these indicators point to a promising trajectory for Bitcoin.The analyst outlined three specific price targets: $91,700, $102,700, and $109,356. A surge to $109,356 would not only breach the psychologically crucial $100,000 mark but also establish a new all-time high (ATH) for Bitcoin, surpassing its previous peaks. Such a milestone could amplify market enthusiasm, potentially drawing fresh investment into the crypto space.While Madden’s analysis is compelling, technical predictions are not certainties. Bitcoin’s price is subject to volatility driven by factors like regulatory changes, economic conditions, and investor sentiment. As such, while the patterns suggest a bullish outlook, caution remains essential for those navigating this market.In essence, Madden’s forecast paints an exciting picture for Bitcoin, hinting at a rally that could redefine its value. With targets set above $100,000, the crypto world watches closely to see if this flagship asset will indeed claim new heights, blending technical promise with market unpredictability.