📉Bitcoin’s Next Big Move: Is $100K On The Horizon?
Bitcoin’s potential next major movement continues to fuel excitement while also prompting caution as BTC approaches the $70,000 resistance level. The analysis outlines a possible path for Bitcoin with the following key insights:
1. Resistance at $70,000: The next critical test for BTC is breaking above $70K. If successful, this breakout could set the stage for a substantial rally, possibly pushing the price past $100K, with $101,825 as a critical target level.
2. Pre-Breakout Correction: Before surging to new highs, the chart suggests a potential correction, dropping BTC to around $40,213. This dip could present a prime buying opportunity, allowing traders to capitalize on the next upward move.
3. Fibonacci Levels: Key Fibonacci retracement levels include $48,421 (support) and $57,392. A bullish extension of 1.618 suggests $101,825 as a major post-breakout target.
4. Historical Precedents: Drawing parallels to Bitcoin’s history, a 40% correction preceded a 400% rally in 2017. This historical trend supports the idea that a significant correction might lead to an even more powerful bullish run.
5. Timeframe for $100K: According to the analysis, the next big move toward $100K may occur between mid-2025 and early 2026, though it might not be immediate. The long-term gains, however, appear to be substantial.
6. Buy the Dip Strategy: For experienced traders, any correction toward $48,421 or lower may offer an ideal entry point before BTC potentially skyrockets.
