Bitcoin price prepares to climb higher and hit greater ATH targets.
One analyst expects the price of BTC to hit $140,000 to $200,000.
He highlights a multi-year channel breakout pattern on the BTC price chart.
As Bitcoin price prepares to climb higher, analysts shed light on how the price of BTC continues to hold strong in its early 6-digit prices. With expectations for new ATH prices to arrive for BTC coming closer, even greater ATH targets are being set for the pioneer crypto asset. Presently, one analyst sets $140,000 as the next ATH bull target for BTC, with $200,000 not that far behind.
Bitcoin Prices Prepare to Climb Higher
The price of the pioneer crypto asset is currently sitting at $106,000. Over the past couple of days, the price of BTC has been trading sideways between the $106,000 and $107,000 price range. Analysts hope to see the price of the pioneer cryptocurrency rise above the $108,000 and $110,000 resistance levels in the next few days to reclaim its previously set ATH price at the $111,000 level.
According to CoinMarketCap analytics, the price of Bitcoin set an ATH of $111,970.17 about a month ago, and the asset is now trading at the $106,604 price range, showing that the asset needs to pump over 4.4% to reclaim this previous ATH target. The asset currently boasts a total market cap of $2,119,987,016,569.05 and a 24-hour trading volume of $43,364,188,288.14.
https://twitter.com/JavonTM1/status/1939304861276725556
As we can see from the post above, one reputed crypto analyst expects the price of BTC to climb and hit much higher targets. While a few reputed analysts, including the silver-tongued analyst Doctor Profit, expect BTC to hit bull targets of $117,000 to $125,000 next, others are expecting BTC to run fast to claim targets as high as $135,000 and $140,000 as the analyst in the post above mentions.
To highlight, these targets are all expected to be hit by BTC in the coming months ahead, marking the possible start to the cycle top peak price phase for Bitcoin in the ongoing bull cycle. While many analysts have highlighted the fall and winter months of 2025 to be bullish for the crypto market, there’s no telling exactly how high BTC will go in terms of ATH and cycle top prices this cycle.
Bitcoin Prepares to Break Out of Multi-Year Channel
https://twitter.com/StockmoneyL/status/1939735116898508840
One analyst sheds light on another bullish signal on the BTC price chart. As we can see from the post above, this analyst says that BTC is not working on an ascending wedge formation but is rather working towards breaking out of a multi-year channel. He says that once this breakout occurs, BTC will enter its next surge stage, which could be highly explosive, taking the price of BTC to $140,000 and $even $200,000.
