Here’s the revised post without any bold text:
Bitcoin Price Prediction: Aiming Higher Than $130,000! 🚀
Current Price: $68,183.99 (-0.38%)
BTCUSDT Perp: $68,170.1 (-0.38%)
Forget $130,000! The real question is—could Bitcoin reach $155,000 or even $200,000? With inflation pressures looming, these targets may not be as far-fetched as they seem.
Bitcoin isn’t just set to grow; it is growing—and has been on a long-term upward trajectory. The consensus is clear: Bitcoin is on the rise.
As we look ahead to 2025, don’t be misled by modest targets like $100,000 or $130,000. These figures are merely the first major milestones, likely to be hit once bullish momentum kicks in around March 2025. Expecting to reach these levels by October, November, or December 2024 is a miscalculation.
Bitcoin is currently testing the 200-day moving average (MA 200) as support. A significant price action wick has established critical levels that could ignite the next major bull market.
What to Expect for the Upcoming Bull Market?
We anticipate a blow-off top—think December 2017 rather than a long-term double top like in 2021. This projection is rooted in the law of alternation from the Elliott Wave principle and historical patterns.
Here are two scenarios to consider:
1. A blow-off top early in the cycle could see Bitcoin peak within 5-6 months, potentially ending the bull market around April-May-June 2025, followed by a prolonged bearish phase. While possible, this is less likely.
2. A late blow-off top is more probable, as Bitcoin typically peaks later in the bull market year. Expect a robust bullish wave that develops over several months, echoing the price action of 2023. We could see Bitcoin reach new all-time highs late in Q1 2025, followed by a brief correction, sideways trading, and eventually a final bullish surge
#MemeCoinTrending #SCRSpotTradingOnBinance #BTCSoarsTo68K #BTCSoarsTo68K #BNBRisesTo600
