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The post <a href="https://coinpedia.org/price-analysis/heres-what-could-be-following-for-the-bitcoin-btc-price-rally-after-achieving-57000/" rel="noopener noreferrer nofollow">Here’s What Could be Following for the Bitcoin (BTC) Price Rally After Achieving $57,000</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Bitcoin bulls reacted quickly after Microstrategy announced the purchase of over 3000 BTC for nearly $500 million. <a href="https://coinpedia.org/price-analysis/bitcoin-price-smashes-57000-mark-has-the-bull-run-began/" target="_blank" rel="noopener noreferrer nofollow">After surpassing $57,000</a>, the BTC price has now opened to $60,000, which could happen within the next few days. Now that the price is just 26% away from the ATH, the expected targets for the current rally high could be much higher than expected, as the Bitcoin bull run has just begun.&nbsp;
Ever since the markets triggered a recovery phase in the last few weeks of 2022, the Bitcoin price has maintained a trade within a parabolic trajectory. Despite multiple bearish attempts, the price remains on track, which leads to much higher targets—more than even $100,000. Therefore, one of the popular analysts, <a href="https://twitter.com/PeterLBrandt/status/1762303814156308957" target="_blank" rel="noopener noreferrer nofollow">Peter Brandt</a>, shared an update on the current BTC price condition and said the highs may be achieved in August–September 2025.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/dBkotJbrANXEcMWOyhKF6qO775X9cyPJe46junMjEYZsZXmdXZPR0ajeptGAFHz21vnHalhra8V1rulGTTnlLimsned-_6-nYsGU46OEoX9_yu6JYlxl5QOY5LeUia-_j1AsegIAcYXYVmvCWzGNIf4" alt="">
</figure>
The analyst refers to the 3-day chart of the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin price</a> rally and observes the formation of a consequent head and shoulder pattern. However, in the wake of forming another shoulder, the BTC price triggered a breakout from the upper resistance of the rising parallel channel, letting out massive bullish signals for the token. With the breakout, the analyst believes the BTC price is on its way to mark new highs beyond $100,000, somewhere between $120,000 and $200,000.&nbsp;
<blockquote class="wp-block-quote">
 “With the thrust above the upper boundary of the 15-month channel, the target for the current bull market cycle scheduled to end in Aug/Sep 2025 is being raised from $120,000 to $200,000. A close below last week’s low will nullify this interpretation,”
</blockquote>
In contrast, the possibility of rejection always looms amid a bullish breakout. If the price traps a bull and drops back within the channel, displaying a fakeout, then the analyst believes the bullish trajectory could be invalidated. However, considering the current trade setup, this appears unlikely, as the Bitcoin bulls are prepared to rise higher and mark new highs.&nbsp;

Here’s What Could be Following for the Bitcoin (BTC) Price Rally After Achieving $57,000

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