According to U.Today, there are two charts that are commonly used by cryptocurrencies and traders to analyze different targets. The normal price chart suggests that Bitcoin could rise to about $112,000, but if we switch to a logarithmic chart, the target could soar to about $250,000. However, we must pay attention to the long-term divergence, which is an indicator of an upcoming price reversal. Currently, the price of Bitcoin is $66,318, which is an important level that it has the potential to hit. Bitcoin currently has a support level of about $63,000 and faces resistance at around $68,304. If it can hold above this resistance, it could move towards the target of $112,000, but perhaps not as fast as you would like. The second chart shows a wedge pattern, which suggests that Bitcoin may be preparing for a reversal. If we follow this pattern, Bitcoin has the potential to reach a high of $256,000. However, this "wedge" also warns us that there could be a drop after reaching the peak. Although the expectations for Bitcoin to reach new highs are very strong, price analysis advises caution. Bitcoin has proven to be a volatile asset that has the ability to surprise us both positively and negatively.