Bitcoin To Face ‘One Last Speed Bump’ Before Rally To $140,000 – Analyst 🚀
Bitcoin (BTC) is trying to regain a critical support level, which could lead to a rally to its local range high. After losing the $106,800 level last week, Bitcoin is making efforts to reclaim this area.
Market activity indicates Bitcoin's potential to set the tone for the month, and analysts suggest the next target might be around the $130,000 mark if the 1.618 Fibonacci level is achieved.
Despite recent fluctuations, Bitcoin recorded its highest monthly close and remains a significant focus for traders watching its price behavior this cycle.
Analysts agree that Bitcoin's direction is likely to be determined soon, while its current sideways movement suggests more potential for price volatility and exciting market trends ahead.
Overall, Bitcoin exhibits bullish tendencies with expert analysis indicating readiness for one last climb before potentially reaching new all-time highs targeted around $140,000-$150,000.
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