Source: Cointelegraph/TradingViewTraders set ambitious targets for Bitcoin priceBitcoin’s latest recovery has led market analysts and traders to set varied BTC price targets based on various analyses and sentiments. Bitcoin’s current rally may continue toward $106,000, according to popular crypto analyst AlphaBTC. In a technical setup shared on his X handle, the analyst showed Bitcoin trading within an ascending parallel channel, with the short-term target being the all-time high daily close above $106,000.“I am liking how these Fibonacci retracement levels line up with support, makes me think $BTC has another leg to 106K+ before it corrects.”BTC/USD 12-hour chart.
Source: AlphaBTCMultiple analysts have also projected higher year-end targets for Bitcoin, including crypto trader Egrag Crypto, who says BTC price could rise to $170,000 if it breaks above the all-time high of $109,000.“I’ve been targeting the $170K range as the potential cycle top — but here’s the key: #BTC must close above $109K.
BTC price bull flag targets $180,000 From a technical perspective, the Bitcoin price action has led to the formation of a bull flag pattern on the weekly timeframe, a bullish setup that forms after the price consolidates inside a down-sloping range.BTC/USD weekly chart.
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Author / Journalist: Cointelegraph by Nancy Lubale
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