💥💥💥 #bitcoin ’s #bullish Surge: $170K Next Stop, $300K on the Horizon?
Bitcoin’s Path to $300K: Bullish Patterns, Predictions, and Retracement Risks
- Bitcoin’s price could skyrocket to between $150,000 and $170,000 soon, thanks to a confirmed bullish wave formation, according to crypto analyst Gert van Lagen. After hitting a new all-time high of $109,000, the flagship crypto is now poised for further gains.
Wave 5: The Road to $170K
- Van Lagen suggests Bitcoin has entered a blow-off wave 5, targeting the $150K–$170K range. However, he predicts a pullback to around $120,000 after this surge. Despite this retracement, the rally won’t signify the bull cycle’s end. Instead, a final parabolic wave could take BTC to an astonishing $300,000 by April.
$158K Target Still Valid
- Another prominent analyst, Titan of Crypto, supports this bullish outlook, noting a bullish pennant on Bitcoin’s monthly chart. If the pattern holds, BTC could soar to $158,000 and beyond. Titan also highlighted Bitcoin’s daily Ichimoku Cloud turning bullish, signaling continued momentum.
#BEARISH📉 Counterpoint
- Not everyone agrees with the bullish narrative. Analyst Justin Bennett warns that Bitcoin might drop to $91,000, citing similarities to past rallies. He cautions that BTC remains range-bound until proven otherwise.
Current Price Action
- Bitcoin is trading at $102,493, up over 3% in the last 24 hours (CoinMarketCap). With bullish patterns in play, the next few months could define the flagship crypto’s trajectory.
