Bitcoin has just surpassed the $112,000 threshold, opening up the opportunity for a price increase but still carries significant risks.
The bullish outlook for Bitcoin depends on maintaining the important support level at $107,000. A breach of this level could lead to a significant correction.
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Bitcoin has just broken out of an expanding triangle pattern, but the risk of a false breakout still exists.
The support level of $108,000 has been broken, but $107,000 is the new key testing threshold for the market.
The potential price increase to $120,000 to $135,000 if the bullish trend is sustainably maintained.
What model is Bitcoin forming a breakout from and what are the risks?
Veteran trader Peter Brandt noted that Bitcoin has just broken out of an expanding triangle pattern, indicated by increasingly widening price ranges and non-converging trends. Although this is a positive sign, he warns that this pattern often has a high failure rate, increasing the risk of a false breakout.
“There is nothing special about this chart. The expanding triangle has a higher rate of deterioration than patterns like horizontal flags. Nevertheless, I still maintain a long position in BTC. If the price drops below $107,000, the pattern is likely to be broken.”
Peter Brandt, trading expert, 9/7/2025
The expanding triangle pattern indicates increasingly large price fluctuations, while also opening up the scenario of a sudden reversal if the support zone is not maintained. This requires investors to be cautious when deciding positions.
Why has the $108,000 level become a support and what is the role of the $107,000 threshold?
The price point of $108,100 had been a difficult barrier for many months but has just transitioned into a strong support zone, helping to bolster the sentiment for buyers.
Peter Brandt identifies the $107,000 mark as the most critical boundary at present. If Bitcoin falls below this level, the bullish trend could shift to a clearly bearish state, completely altering the market structure.
“$107,000 determines the success or failure of this price increase. If maintained, Bitcoin continues to rise; otherwise, the market will undergo a deep correction.”
Peter Brandt, technical analysis expert, 7/2025
Maintaining this support level contributes to creating a stable sentiment and forecasting the next trend of Bitcoin.
How is the next growth potential of Bitcoin forecasted?
In case the support level of $107,000 is successfully defended, Peter Brandt expects Bitcoin to aim for target price points around $120,958 and $134,886 in the near future.
Previously, he predicted that the price of Bitcoin could rise to $118,000, and the current developments support this scenario as the price trades around $112,288.
This is a positive signal for investors who believe in the medium-term bullish trend of the leading cryptocurrency market.
What is the conclusion about the current price outlook for Bitcoin?
With nearly 50 years of experience in financial trading, Peter Brandt emphasizes that the market can change very quickly. While maintaining an optimistic view on Bitcoin, he warns that the support level of $107,000 is extremely important to maintain the bullish trend.
If this threshold is firmly held, Bitcoin may enter the next rally. Conversely, investors need to prepare for the possibility of a reversal and a deep correction.
Frequently Asked Questions
At what price is Bitcoin currently trading? At this moment, Bitcoin is maintaining a price range around $112,288 with many fluctuations, but the final trend is still unclear.
Why is the $107,000 level important? This is the support level that determines the ability to continue the bullish trend or to reverse into a deep bearish trend for Bitcoin.
Is the expanding triangle pattern reliable? According to experts, this pattern often has high risks, easily causing false breakouts, so multiple factors need to be combined for assessment.
How high can the price of Bitcoin be expected to rise? The target price could reach $120,958 or $134,886 if the bullish trend is maintained, according to Peter Brandt's forecast.
What should investors do in light of the current fluctuations? They need to closely monitor the $107,000 threshold and prepare a risk management plan to respond to unexpected market situations.
Source: https://tintucbitcoin.com/bitcoin-co-the-giam-gia-manh/
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