Bitcoin

Bitcoin (BTC) continues its bullish momentum. An analyst pointed out that it could reach $100k by early 2025. From the price perspective, the pattern suggests a <a href="https://cryptotale.org/bitcoin-poised-for-128k-surge-with-cup-and-handle-pattern/" rel="noopener noreferrer nofollow">Cup and Handle</a>. This signifies an uptrend in Bitcoin’s chart. This technical formation is used mainly to foresee bullish signals, such as a steep rise in price possibly expected in the market.<h2 id="header-0">Cup-and-Handle Formation Targets $110,000</h2>Bitcoin&#39;s price has been trading sideways, consolidating just below key technical resistances, currently in the $61,500 range. The technical analysis suggests that as soon as this level is penetrated, Bitcoin can head towards its next resistance area in the $75,500 to $80,000<a href="https://cryptotale.org/bitcoin-nearing-breakout-could-80k-be-the-next-target/" rel="noopener noreferrer nofollow"> range</a>. Such a move aligns with the pattern, which is widely recognized as indicating further price increases.The pattern indicates a price target of $110,000 by 2025. As noted by analyst Elja, it demonstrates that Bitcoin could have an even further upward trajectory, drawing a six-figure value in the near future. The analyst elaborated on the view, claiming that an even larger inverse head-and-shoulders pattern is forming, too. According to Elja’s analysis, a new ATH may be observed in Q4 of 2024, and Bitcoin may rise to $100,000 in Q1 of 2025.<a href="https://cryptotale.org/bitcoin-price-set-to-hit-100000-by-first-quarter-of-2025/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin Price Set to Hit $100,000 by First Quarter of 2025

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