Crypto analyst Jelle has predicted that Bitcoin is bullish for the rest of this market cycle and that the price could reach $140,000. The analyst also made predictions about when this price increase might occur.
When Will Bitcoin Price Hit $140,000?$BTC
In an X post, Crypto Jelle stated that he expects the Bitcoin price to rise to $140,000 in the next three months. This prediction attracted attention as the analyst highlighted a cup and handle formation regarding the price target he set for BTC. Crypto analyst Titan of Crypto also predicted that Bitcoin could reach $140,000 in three months. The analyst supported this prediction with a chart he shared under the title “Bitcoin 2025 Roadmap.”
The chart indicates that the Bitcoin price could reach $140,000 by the beginning of the new year. However, this level seems unlikely to be the peak for Bitcoin, as it is thought that the price could rise to $150,000. Other market experts are also predicting more bullishness for Bitcoin. Engineer Ted Boydston stated that BTC could reach $225,000, which would be a major bull run for the flagship crypto.
Famous financial writer Robert Kiyosaki is also on the agenda with his predictions. Kiyosaki predicted that Bitcoin could reach $350,000 in 2025. Although it is still unclear whether Bitcoin will reach this level, it is thought that some fundamental factors, such as Donald Trump being re-elected as president, could support the price to rise.
Crypto analyst Ali Martinez stated that the Bitcoin price is ready to enter a recovery phase. Martinez stated that Bitcoin is showing an upward trend with the Relative Strength Index (RSI) on the hourly chart. He also emphasized that the percentage of Binance traders has increased from 53.12% to 64%, and that these traders have a strong track record of making accurate predictions. Martinez said that the Bitcoin price needs to rise above $94,800 for this recovery to be confirmed. If a break above this level occurs, the Bitcoin price could rise to $95,300 or even $96,000.
However, the analyst warned that if the Bitcoin price drops below $93,600, BTC could fall to $84,000 or even $70,000. However, the bullish scenario is generally considered more likely. In another X post, Martinez noted that the Buyer/Seller ratio of Bitcoin on the OKX exchange has increased. This suggests that buyers are acting aggressively, which could be an indicator of future bullish trends.