Bitcoin Price Projections: Will It Surpass $100,000 Again?
Crypto analyst Madden forecasts Bitcoin may exceed $100,000 again, targeting $91,700, $102,700, and $109,356 as potential price points. Technical patterns suggest a bullish reversal is underway, and market sentiment is strong, bolstered by whale activity. Madden’s roadmap projects a peak of $125,000 this market cycle, with warnings of a potential decline in value before 2026.
Recent analyses from crypto expert Madden suggest that Bitcoin may rally beyond the psychological barrier of $100,000. He anticipates upward movement towards significant price targets of $91,700, $102,700, and $109,356, with a rally hitting $109,356 signifying a new all-time high (ATH) for Bitcoin. This bullish outlook is bolstered by observed chart patterns indicating potential reversal points for the cryptocurrency.
In his TradingView post, Madden highlighted both a Deep-Crab harmonic pattern and a Wolfe wave pattern on the daily chart, suggesting a likely reversal. Notably, he observed that Bitcoin bottomed around $76,600 and is currently positioned above key support lines from 2022 and 2024. He also referred to the CME daily chart, indicating that gaps around $77,000 to $80,000 have been filled, minimizing the chance of Bitcoin decreasing to that range again.
Madden projected a roadmap for Bitcoin’s price trajectory, forecasting a peak of approximately $125,000 by year-end. This projection aligns with crypto analyst Willy Woo’s expectations, who regards it as a conservative estimate. However, Madden cautions that from this peak, Bitcoin could experience a significant decline to $40,000 before the end of 2026.
In the immediate term, market participants are focused on Bitcoin’s bullish reversal, with analyst Ali Martinez stating that Bitcoin is in breakout mode with a target of $90,000, provided it maintains support at $84,000. Additionally, significant purchases by crypto whales, totaling over 20,000 BTC in the past 48 hours, signal strong confidence in the forthcoming price movement. As of the current moment, Bitcoin trades at approximately $84,500, reflecting a 3% increase over the past day, according to CoinMarketCap.
In conclusion, technical analysis by Madden suggests a bullish outlook for Bitcoin, indicating a potential rally beyond $100,000 with specific price targets identified. The presence of significant chart patterns reinforces this projection, while whale activity adds credibility to the upward momentum. Market participants remain optimistic about a reversal, grounding themselves in supporting data as they anticipate the cryptocurrency’s future movements.
Original Source: www.tradingview.com
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