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The cryptocurrency market is abuzz with bullish predictions for Bitcoin, as prominent analysts forecast significant price surges for the flagship cryptocurrency. Among them, Crypto analyst Jelle projects a rally to $140,000 within the next three months, citing a compelling “cup and handle” pattern that suggests upward momentum.
The Path to $140,000
In a recent X post, Jelle outlined the technical indicators pointing to Bitcoin’s potential breakout. This aligns with a prediction from the Titan of Crypto, who shared a roadmap suggesting Bitcoin could hit $140,000 by early 2025. The analysis positions this level as a milestone rather than the cycle’s peak, with further upside to $150,000 possible.
#Bitcoin 2025 Roadmap. 🗺️ pic.twitter.com/aGcVbbSw1Z
— Titan of Crypto (@Washigorira) December 28, 2024
Engineer Ted Boydston has offered an even more optimistic projection, envisioning Bitcoin reaching $225,000, marking a historic bull run. Similarly, renowned author Robert Kiyosaki predicts a meteoric rise to $350,000 by 2025, fueled by macroeconomic factors like Donald Trump’s potential inauguration and continued adoption of Bitcoin as a hedge against inflation.
Bullish Momentum Signals
Crypto analyst Ali Martinez highlights signs of an imminent rebound. According to Martinez, Bitcoin’s hourly chart shows a bullish divergence with the Relative Strength Index (RSI). Additionally, an increase in long positions by Binance traders—from 53.12% to 64%—reinforces the bullish narrative.
Martinez notes that Bitcoin must break above $94,800 to confirm its rebound, potentially targeting $95,300 or even $96,000. However, a drop below $93,600 could invalidate the bullish scenario, opening the door for declines to $84,000 or $70,000.
Adding to the optimism, Martinez observed a spike in Bitcoin’s Taker Buy/Sell ratio on OKX, signaling aggressive buying activity that often precedes upward momentum.
Outlook
As Bitcoin approaches the critical $140,000 target, analysts remain optimistic about its trajectory. While short-term fluctuations are expected, the broader market sentiment suggests that Bitcoin’s next major rally could reshape the cryptocurrency landscape. Investors and enthusiasts are watching closely as Bitcoin’s bull case gathers steam.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
