#BTCNextATH #XRPETFs #SaylorBTCPurchase #TrumptaxCuts #BinanceAlphaPoints Crypto analyst Madden has sparked optimism in the Bitcoin community, predicting a potential rally that could drive the cryptocurrency beyond $100,000. Sharing his insights on the widely-used platform TradingView, Madden suggests that Bitcoin may be on the brink of a bullish reversal after hitting a low of $76,600, setting the stage for a notable price surge.

Madden’s prediction is based on advanced technical analysis, focusing on two significant patterns on Bitcoin’s daily chart: the Deep-Crab harmonic and the Wolfe wave. The Deep-Crab harmonic pattern, which draws from harmonic trading and Fibonacci ratios, indicates that Bitcoin has likely reached its bottom at $76,600, marking the start of an upward trend. Alongside this, the Wolfe wave pattern, used to identify price reversals through wave formations, strengthens the case for a potential rise. Combined, these indicators suggest a promising outlook for Bitcoin’s price.

The analyst has outlined three key price targets: $91,700, $102,700, and $109,356. A rise to $109,356 would not only break the psychological $100,000 barrier but also set a new all-time high (ATH) for Bitcoin, surpassing its previous peaks. Such a milestone could fuel market enthusiasm, potentially attracting fresh investments into the crypto market.

While Madden’s analysis presents an optimistic scenario, it’s important to note that technical predictions are never guaranteed. Bitcoin’s price remains highly volatile, influenced by factors such as regulatory changes, economic conditions, and investor sentiment. Thus, while these patterns suggest a bullish trend, caution is advised for anyone navigating the market.

In conclusion, Madden’s forecast paints an exciting possibility for Bitcoin, hinting at a rally that could redefine its value. With targets above $100,000, the crypto world is watching closely to see if Bitcoin will reach new heights, blending technical potential with market uncertainty.