GET 10% OFF ON YOUR FIRST ORDER. FOR A LIMITED TIME ONLY. Use code: WELCOME on checkout

Bitcoin Price Above $100,000 Again? Chart Patterns Show What’s Coming Next

Crypto analyst Madden has raised the possibility of the Bitcoin price rallying above $100,000 again, providing a bullish outlook for the flagship crypto. His analysis showed what is coming next for BTC and how it could reach this psychological price level. 

Bitcoin Price Eyes Rally Above $100,000 With Potential Bullish Reversal

In a TradingView post, Madden indicated that the Bitcoin price was eyeing a rally above $100,000 with a reversal looking likely. His accompanying chart showed that $91,700, $102,700, and $109,356 are potential price targets which BTC could hit as it reverses to the upside. A rally to $109,356 would mark a new all-time high (ATH) for the flagship crypto. 

The crypto analyst alluded to some charts with important levels and relevant patterns to determine if the reversal is confirmed for the Bitcoin price. On the daily chart, he highlighted a Deep-Crab harmonic and Wolfe wave pattern to identify the reversal points. The Deep Cran pattern showed that BTC likely bottomed out when it touched $76,600, with the reversal now in play. 

Madden also alluded to the CME daily chart for the Bitcoin price. He noted that there is a daily retest of the 200-day moving average (MA) and that the CME gap between $77,000 and $80,000 has been filled, indicating there is no reason for BTC to drop that low again. Meanwhile, the crypto analyst added that BTC is currently above the 2022 and 2024 top support line. 

BTC Roadmap Moving Forward

As part of his analysis, Madden also provided a roadmap and future outlook for the Bitcoin price. His accompanying chart showed that the flagship crypto could top at around $125,000 in this market cycle. Based on the chart, BTC will reach this price target by year end. Crypto expert Willy Woo also once suggested that Bitcoin could reach this target, as he described it as conservative. 

The chart also showed that the Bitcoin price could enter into a bear market by 2026, dropping from the projected peak of $125,000 to as low as $40,000. This price drop to $40,000 could happen before 2026 ends. 

In the meantime, the bullish reversal for the Bitcoin price is the major focus of market participants. Crypto analyst Ali Martinez stated that BTC is breaking out. He added that the target is $90,000 as long as the $84,000 support holds. 

Crypto whales are already positioning themselves for the potential reversal of the Bitcoin price to $90,000. Martinez revealed that these whales have bought over 20,000 BTC in the last 48 hours. 

At the time of writing, the Bitcoin price is trading at around $84,500, up over 3% in the last 24 hours, according to data from CoinMarketCap. 

Featured image from Pexels, chart from TradingView

Latest Press

post-thumbnail
News
1 hour ago
PEPE Poised For 40% Rally, Here’s Why
The post PEPE Poised For 40% Rally, Here’s Why appeared first on Coinpedia Fintech News Pepe (PEPE...
READ MORE
post-thumbnail
News
1 hour ago
Ethereum (ETH) Will Soar 11% If This Key Trigger Hits
The post Ethereum (ETH) Will Soar 11% If This Key Trigger Hits appeared first on Coinpedia Fintech N...
READ MORE
post-thumbnail
News
1 hour ago
Canary Capital Files for SUI ETF, SUI token Jump by 8%
The post Canary Capital Files for SUI ETF, SUI token Jump by 8% appeared first on Coinpedia Fintech ...
READ MORE
default post thumbnail
News
1 hour ago
Bitcoin Price Set For Reversal To $130,000 After Forming Major Cup And Handle Support
Bitcoin’s price action has been trapped in a tight range between $84,000 and $82,000 in recent day...
READ MORE
default post thumbnail
News
1 hour ago
Bitcoin Resets With 14% Deleveraging—Here’s What Past Events Led To
Data shows the Bitcoin futures market has seen a massive deleveraging event recently. Here’s what ...
READ MORE
default post thumbnail
News
1 hour ago
Here’s How High The XRP Price Would Be If It Flips Ethereum’s Market Cap
Recent data has shown what the XRP price would be if it flips Ethereum’s market cap. Such a develo...
READ MORE
post-thumbnail
News
1 hour ago
Bitcoin Bulls Poised For Action As Market Flashes Bullish Divergence—Details
Market watchers have taken notice of Bitcoin’s recent price swings after a notable surge in transa...
READ MORE
default post thumbnail
News
1 hour ago
Best Altcoins to Buy Now: Cryptos That Offer More Than Just Hype
Best altcoins to buy now are not just the ones getting the most hype, they are the ones with real po...
READ MORE
default post thumbnail
News
1 hour ago
XRP Price Struggles To Rise After Donald Trump’s Crypto Reserve Plans Draw Criticism From Industry Watchers
President Donald Trump’s decision to establish a crypto reserve has faced criticism after the Whit...
READ MORE
default post thumbnail
News
1 hour ago
Best Crypto to Buy Now: Coins Gaining Momentum in the Market
If you’re hunting for the best crypto to buy now, you’re in the right place – I’...
READ MORE

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started