#BTCNextATH
#BTCNextATH Bitcoin Poised to Surpass $100,000, Analyst Predicts Major Bullish Reversal
Crypto analyst Madden has fueled renewed optimism within the Bitcoin community, forecasting a potential rally that could see the leading cryptocurrency exceed the $100,000 mark. Sharing his analysis on TradingView, a platform widely used by professional traders, Madden suggests that Bitcoin is positioning for a bullish reversal after recently bottoming out at $76,600, setting the foundation for a significant price advance.
Madden’s outlook is grounded in sophisticated technical analysis, emphasizing two prominent patterns observed on Bitcoin’s daily chart: the Deep-Crab harmonic and the Wolfe Wave. The Deep-Crab harmonic pattern, based on harmonic trading principles and Fibonacci ratios, signals that Bitcoin has likely established a major low at 76,600, indicating the potential beginning of an upward trend. Complementing this, the Wolfe Wave pattern—an established method for identifying price reversals through wave structures—further reinforces the case for a bullish breakout. Together, these patterns suggest a favorable trajectory for Bitcoin’s price movement.
The analyst has outlined three specific price targets: $91,700, $102,700, and $109,356. A rally to $109,356 would not only break the psychologically significant $100,000 barrier but would also establish a new all-time high (ATH), eclipsing Bitcoin’s previous records. Achieving such a milestone could reignite market enthusiasm and attract a wave of new investment into the cryptocurrency sector.
However, despite the strength of Madden’s technical analysis, it is important to recognize that market predictions are inherently uncertain. Bitcoin’s price remains highly volatile, subject to external factors such as regulatory developments, macroeconomic shifts, and changes in investor sentiment. As a result, while the technical indicators point toward a bullish outlook, investors are advised to exercise caution.
