The Price of Bitcoin Will Seek $105,000 in the Coming Weeks: TradingLatino
Despite the uncertainty in the crypto market, TradingLatino maintains its bullish technical analysis for Bitcoin and estimates that it will reach $105,000 in three months.
Despite all the headwinds with Trump's tariff war, Bitcoin is not showing signs of retreat. At least that’s what the renowned technical analyst Jaime Merino, better known as TradingLatino, indicates, who in his most recent analysis maintains a clear bullish stance for the leading cryptocurrency, projecting an ambitious target of $105,000.
For those concerned about entering at these price levels, TradingLatino believes that the upward movement on a weekly timeframe is just beginning. In fact, its main projection is that Bitcoin will seek $105,000 in the coming months.
"We are going to seek $105,000 on a weekly chart. I believe we will," Merino expressed, adding that this target could be reached through two possible technical scenarios.
The upward movement will gain strength, with an approximate projection of three months for Bitcoin to reach new all-time highs.
However, for investors who bought at the $75,000-$80,000 levels, Merino warned that it is best to protect their entries with stop losses close to their purchase prices, in case the price of Bitcoin turns downward.
"If the price were to stay here, the whole pattern develops. Those three months pass and here at around $100,000, $101,000 or $103,000. And it’s a drag…. Abandon ship," he warned, suggesting that there could be a temporary pullback at those levels before continuing with its upward trend.
TradingLatino's final message is bullish despite the doubts of some analysts. Its methodology keeps Bitcoin bullish for the coming months, with ambitious but technically justified targets.