The Prix du Bitcoin commanding the spotlight again while the optimistic impulse propels the main cryptocurrency New heights of all time. The price already exceeding the $ 122,000 mark, analysts are increasingly increasing confident in the even higher target potential. An analysis of the graphics recently shared by the Credibull Crypto market expert suggests that the current rally is far from – and above all, no major drop is expected along the way. As a result, he planned BTC could see a high price increase to $ 155,000 soon.
Bitcoin Price Action opens the way to $ 155,000
Bitcoin momentum continues to bring steam together, with technical indicators of the analysis of the waves of Credibull Crypto report Signals one bullish continuation This could propel the price of cryptocurrency at $ 155,000 in the coming weeks. The new analyst’s new Projection of the number of waves suggests that Bitcoin is firmly in the middle of a powerful ascending leg, with a minimum of signs of withdrawal.
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Credibull Crypto’s shared prize table highlights a well -formed manual Structure of Elliott waves This suggests that Bitcoin is in the first stages of a strong wave 3. In particular, BTC’s recent escape above the range of $ 112,000 Feeling of the market has changed in a bullish direction. What once served as resistance was quickly overturned to support, and now the price action erases a path to even higher ATH targets while Momentum continues to build.
A critical factor supporting analysts Outlook BTC optimistic is the daily application zone between $ 98,000 and 101,000. This area served as a launch point for the previous rally over $ 112,000 and has been not tested since. With Recording sales pressure And Building Force, Credibull Crypto estimates that the price of Bitcoin will remain well above the level of $ 110,000.
He also considers a retest to $ 112,000 or a drop to $ 110,000 or less as highly improbable in current bull -up conditions. According to the analyst, Bitcoin’s projected path placed nearly $ 135,000 by the completion of wave 3, followed by a brief period of consolidation before a final thrust around $ 155,000.
Bitcoin amounts above $ 120,000 is only the start
While Bitcoin continues, it is Roll over $ 120,000Crypto Fella, an expert on the market on X, has quoted The potential for the cryptocurrency to enter the price of price discovery and to skyrocket at unexplored levels. The analyst’s graph highlights a well -defined ascending trend line From the beginning of 2023, with three distinct rally zones marked by purple rectangles. Each of these phases has a consolidation followed by an aggressive ascending movement, suggesting a clear diagram of accumulation and rupture.
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THE The current leg of the Bitcoin rally seems to reflect this trend of past bullish cycles but with greater force, suggesting that the main cryptocurrency could be on the verge of a parabolic push. A key target identified in Crypto Fella’s analysis is around the level of $ 138,206, which aligns the continued continuation along the trend line. This level represents the next major psychological resistance and could mark the entry into a New price discovery phase.
Pixabay star image, tradingView.com graphic
