Bitcoin Price Enters Ascending Phase After Cup And Handle Formation At $105,000, Here’s The Next Target
2025年1月31日 - 9:30PM
NEWSBTC
Crypto analyst CobraVanguard has revealed that the Bitcoin price
has entered an ascending phase after a cup and handle formation at
the $105,000 level. Based on this bullish pattern, the analyst
highlighted the price target that BTC could reach as it enters this
ascending phase. Bitcoin Price Could Rally To $123,000 As It
Enters Ascending Phase In a TradingView post, CobraVanguard
predicted that the Bitcoin price could rally to $123,000 as it
enters the ascending phase by the cup and handle pattern. According
to the analyst, BTC is in a large cup and handle, and if it follows
this pattern, its price will have a nice rally. His accompanying
chart showed that the flagship crypto could hit the $123,000 price
target. Related Reading: Bitcoin Price Prediction: Analyst
Charts Roadmap To $117,000, What You Should Know The analyst also
revealed his golden analysis for the Bitcoin price, in which he
revealed that the flagship crypto could rally to as high as
$260,000 in this market cycle. His accompanying chart highlighted
an ascending channel, which showed that BTC could hit this target
if it reached the upper part of the channel. Interestingly,
other crypto analysts have provided higher targets for the Bitcoin
price in this market cycle. Crypto analyst Tony Severino recently
predicted that BTC could reach as high as $321,000 in this cycle.
He highlighted a potential head and shoulder pattern on BTC’s chart
and stated that the flagship crypto could reach this target if the
pattern were valid. He also raised the possibility of the
Bitcoin price rallying to $345,000. Severino explained that BTC
could reach this ambitious price target if it touches the upper
boundary of the primary uptrend channel over the last eight years
or thereabouts. Meanwhile, for his more conservative targets, he
predicted that Bitcoin’s price could top between $158,000 and
$191,000 in this market cycle. Why BTC Hasn’t Reached Its
Market Top Yet Amid the bearish signals pointing to a market top,
crypto analyst Ali Martinez outlined several reasons why the
Bitcoin price still has more room to grow in this bull run. First,
he noted that cycle shifts typically occur when BTC surpasses 2.4x
the 200-day Simple Moving Average (SMA), which is currently at
$184,600. Related Reading: Bitcoin Long-Term Holders
Officially Enter Into Greed Territory, Is This Good Or Bad For
Price? Furthermore, Martinez stated that the Mayer Multiple
suggests the Bitcoin price has more upside, with a potential market
top of around $182,000. From a technical perspective, the crypto
analyst highlighted Bitcoin’s cup-and-handle breakout, which points
toward a target of $276,400. Lastly, he alluded to the halving
cycle theory, which suggests that BTC could reach a market top
between May and October 2025. At the time of writing, the
Bitcoin price is trading at around $104,700, down almost 1% in the
last 24 hours, according to data from CoinMarketCap. Featured image
from iStock, chart from Tradingview.com
Bitcoin (COIN:BTCUSD)
過去 株価チャート
から 2 2025 まで 3 2025
Bitcoin (COIN:BTCUSD)
過去 株価チャート
から 3 2024 まで 3 2025