Analysts predict that Bitcoin could see a significant price increase in the future. Jelle and Titan of Crypto have stated that Bitcoin could rise to $140,000. Other experts have higher estimates, emphasizing that Bitcoin could see a major rise in the short term.
Crypto analysts predict that Bitcoin could see a major rally after the $93,331.8 level in the current market conditions. Jelle predicted that Bitcoin could reach $140,000 in three months. To support this prediction, he stated that he had identified a cup and handle pattern and said, “Bitcoin’s price target could be $140,000.” Jelle stated that reaching this level is possible in the next three months.
Titan of Crypto also made a similar prediction, saying that Bitcoin could reach $140,000 by the beginning of the year and supported this level by sharing a chart. Among other analysts, Engineer Ted Boydston stated that Bitcoin could rise to $225,000. Finance writer Robert Kiyosaki predicted that Bitcoin could reach $350,000 by 2025.
Market Indicators and the Future of Bitcoin
Analyst Ali Martinez noted that there could be a recovery in the price of Bitcoin in the short term. Martinez noted that he observed an upward divergence in Bitcoin’s RSI indicator and that the number of traders opening long positions on Binance increased. “Bitcoin breaking above $94,800 could be confirmation of the recovery,” he said. Martinez suggested that if Bitcoin breaks $94,800, the price could rise to $95,300 or $96,000.
However, analysts warn that if it falls below $93,600, Bitcoin could fall to $84,000 or $70,000. In addition, attention was drawn to the increase in Bitcoin’s Taker Buy/Sell ratio on the OKX exchange, indicating that this situation is creating upward momentum. These developments could have a significant impact on Bitcoin’s future price movements.