Bitcoin is undergoing a massive liquidation. Bitcoin’s price is now falling dramatically as the cryptocurrency market liquidates its longs. Will Bitcoin’s price, which has reached new lows in recent months, be able maintain a steady price trend? Which new Bitcoin prices is the token aiming for? What is the token targeting?
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Experts’ opinion on Bitcoin price targets: Next possible target prices
Bitcoin is currently suffering from mass liquidations. The price of Bitcoin has been affected the most by the liquidation of nearly 75,000,000 dollars worth of shorts in the past sixty minutes. Javon Marcs, noted cryptocurrency expert, believes that the price drop will only last a short time.
Marks believes that Bitcoin will have a great future and bring about major bull cycles.
“#Bitcoin’s bull cycles only ended AFTER prices crossed above the Power Law’s median threshold. There looks to be MUCH MORE IN THE TANK for this cycle 🚀…”
Marks emphasized later the technical aspect of the current Bitcoin rate. He explained how Bitcoin’s chart displays a head-and-shoulders pattern that is bullish. According to Marks, BTC is experiencing a small shake-up prior to entering its breakout phase. Experts later stated that the asset was currently aiming at a price target of $140K. The ascent towards this high has already started.
“After a clear inverse head & shoulders, which is a bullish pattern, prices of #Bitcoin look to be undergoing a light shakeout phase before the full results of this pattern. The results can result in Bitcoin climbing over 27% into the $140,000s! Also shown on the MACD is a hidden bull divergence, suggesting a further bullish move to be in the works…”
The Technical Roadmap and Insights
According to CoinCodex BTC dataBitcoin currently targets a new peak of $140.000 by the end December 2025.
“According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 26.53% and reach $ 141,230 by December 27, 2025. Per our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 50 (neutral). Bitcoin recorded 16/30 (53%) green days with 2.36% price volatility over the last 30 days. Based on the Bitcoin forecast, it’s now a good time to buy Bitcoin.”
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Source: watcher.guru
