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Bitcoin reaches a caller all-time precocious amid beardown play momentum with terms targets arsenic precocious arsenic $320,000, but caution is urged.
Key takeaways:
Bitcoin’s $109,458 all-time precocious aligns with 7 consecutive greenish play candles since April, highlighting the spot of the existent bullish momentum.
Analysts expect BTC to scope betwixt $135,000 to $320,000 successful 2025.
BTC heatmaps amusement high-leverage zones that whitethorn trigger liquidations. Thus, hazard absorption remains crucial.
Bitcoin (BTC) deed a caller all-time precocious of $109,458 connected Binance connected May 21, marking 7 consecutive greenish play candles successful a enactment since the terms bounced from its plaything debased of $74,500.
Bitcoin 1-week chart. Source: Cointelegraph/TradingViewIf Bitcoin closes the existent play candle supra $106,500 connected May 25, it volition people its longest streak of consecutive greenish play closes since October 2023.
Alongside a caller all-time high, Bitcoin’s marketplace headdress and realized headdress besides achieved caller highs of $2.17 trillion and $911.5 billion, arsenic noted by Glassnode.
Related: Is Bitcoin terms adjacent to a rhythm top? — 5 indicators that assistance traders decide
Bitcoin bulls people higher prices supra $110K
With bullish momentum connected BTC’s side, crypto trader Titan of Crypto noted that a Bitcoin terms people for $135,000 remains successful “play” for 2025. Tracking its returns with respect to cardinal precocious clip framework absorption and enactment levels implicit the past 2 years, the forecast uses the Fibonacci hold tool, which identifies terms targets by measuring erstwhile terms swings.
Bitcoin investigation by Titan of Crypto. Source: X.comOn the chart, the 1.618 Fibonacci level, drawn to a plaything precocious from a plaything low, aligns astatine $135,000–$140,000, identifying a imaginable target.
Veteran trader Peter Brandt acknowledged BTC’s caller precocious but pointed retired that specified milestones are “not technically significant” during bull markets. The trader said,
“Bull markets marque ATHs each the time. It is the explanation of a bull market. On way possibly for apical of $125,000 to $150,000 by extremity of August????”In comparison, method expert Gert van Lagen set a overmuch higher terms level betwixt $300,000 and $320,000. In a caller X post, Gert van Lagen pointed to Bitcoin’s breakout from a 4-year bullish Megaphone Pattern, marked by diverging trendlines with higher highs and little lows, signaling a imaginable crisp uptrend aft breaking the precocious resistance.
Bitcoin’s megaphone pattern. Source: X.comUsing Elliott Wave Theory, the expert noted that BTC is successful the last Wave 5 of an impulse cycle, supporting the bullish lawsuit for different 170% to 190% Bitcoin rally.
While the markets borderline toward euphoria, Alphractal CEO João Wedson recommended caution and patience for investors. The expert noted that BTC heatmaps uncover terms question toward high-leverage zones, suggesting marketplace makers whitethorn people overconfident traders for liquidations.
Wedson emphasized that nationalist obsession implicit caller all-time highs could make traps for some bulls and bears. Thus, it is imperative to “always negociate your risk.”
This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.
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