Bitcoin has delivered two 73% surges from institutional entry zones, targeting $162K next.
Fibonacci projections show a possible 52% rally, aligning with a $166K target by September.
Bitcoin trades in a bullish flag, with a daily close above $110K possibly triggering a $128K move.
Bitcoin continues to show strong momentum after consolidating for nearly two years. From 2022 through mid-2024, the price remained in a long accumulation phase. Now, with institutions re-entering the market and technical models aligning, analysts expect the next major move could take Bitcoin above $162,000.
Institutional Entry and Fibonacci Targets Point to $162K
According to an analysis prepared by Crypto Patel, Bitcoin stayed within a tight range between $15,000 and $30,000 from mid-2021 to early 2023. A strong breakout followed in mid-2024 with a 73.91% rise, labeled “Institution Entry 1.” This was followed by a consolidation between $60,000 and $70,000 before another surge of 73.98%, marking “Institution Entry 2.”
https://twitter.com/CryptoPatel/status/1941395370409386463
Bitcoin reached $107,000 in January 2025. Patel noted, “Last time they entered? +73% gains. Repeat that, and we hit $162K.” This aligns with current price action and market data, as Bitcoin trades around $108,216, up 2.17% over the past month. The market cap stands at $2.15 trillion, while trading volume is $40.29 billion.
CryptoCon shared a chart projecting the next major Fibonacci extension at $166,754. The current level sits just above the 4.618 Fib mark. The next target aligns with the 5.618 level, suggesting a 52% rally may follow.
Bullish Continuation Within Flag Structure
Captain Faibik stated that Bitcoin is trading within a bullish flag structure and could see a breakout soon. He wrote, “As long as we stay inside this flag, it's accumulation.” He added that a daily close above $110,000 may trigger a move toward $128,000.
The chart shows Bitcoin bounced from $104,880 and climbed toward $110,386 in recent days. The price currently holds above $108,000, with multiple green candles signaling active buying.
CryptoCon also noted the current cycle has lasted longer than previous ones, but the structure remains intact. If Fibonacci trends continue, Bitcoin may reach $166,000 by September.
The post Bitcoin Targets $162K After Institutional Entry Zones Deliver Back-to-Back 73% Surges appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
