- Crypto analyst Jelle predicts that Bitcoin could reach $140,000 within the next three months, citing a bullish cup-and-handle pattern in its price chart.
When Bitcoin Could Hit $140,000
In a recent post on X (formerly Twitter), Jelle identified a cup-and-handle pattern in Bitcoin’s price chart, a classic bullish indicator suggesting that the cryptocurrency could rally to $140,000. Jelle anticipates this surge to occur within the next three months, setting the stage for a promising end to this market cycle.
As earlier mentioned, another prominent analyst, Titan of Crypto, echoed this prediction. Sharing his “Bitcoin 2025 Roadmap” chart, he forecasted that Bitcoin could hit $140,000 as early as the beginning of the new year. However, this milestone is unlikely to mark the peak, as further gains to $150,000 are anticipated.
#Bitcoin 2025 Roadmap. 🗺️ pic.twitter.com/aGcVbbSw1Z
— Titan of Crypto (@Washigorira) December 28, 2024
Some experts have taken the notch even higher. Engineer Ted Boydston envisions BTC reaching $225,000 during what he describes as the “biggest bull run” for the asset. Meanwhile, financial author Robert Kiyosaki has forecasted an astonishing $350,000 price for Bitcoin by 2025, citing strong fundamentals such as potential support from Donald Trump’s re-election.
Bullish Signals for a Price Rebound
Other indicators suggest a Bitcoin rebound is imminent. This was brought to light by renownwed Crypto analyst Ali Martinez who noted a bullish divergence between Bitcoin’s price and its Relative Strength Index (RSI) on the hourly chart. This divergence often signals upward momentum.
Additionally, Martinez observed a surge in the percentage of Binance traders going long on BTC, rising from 53.12% to 64%. Historically, these traders have been accurate in predicting market moves. Martinez also emphasized that Bitcoin must break above $94,800 to confirm its rebound, potentially pushing the price to $95,300 or $96,000. Conversely, a drop below $93,600 could negate the bullish case, potentially dragging the price down to $84,000 or even $70,000.
Aggressive Buying Supports Bullish Momentum
Further evidence of bullish momentum comes from OKX’s Taker Buy/Sell ratio, which recently spiked, indicating an increase in aggressive buying activity. This surge suggests strong market confidence in Bitcoin’s upward trajectory.
While Bitcoin’s road to $140,000 remains speculative, the confluence of technical indicators and market sentiment paints a compelling picture. As analysts continue to spotlight bullish patterns and market fundamentals, the cryptocurrency community eagerly awaits the next chapter in Bitcoin’s price journey.
Meanwhile, Bitcoin’s BTC is swapping hands with $93,677.98 after a 1.37% decline in the past 24 hours. Additionally, the digital asset has plummeted by 1.69% and 3.35% in the past weeks and year respectively.
