Based

bullish

Bitcoin

<p>The Bitcoin bull market is showing no signs of slowing down. Analysts are predicting even higher price levels for Bitcoin, with the <a href="https://coinpedia.org/price-analysis/bitcoin-crosses-93k-but-faces-correction-whats-next/" target="_blank" rel="noreferrer noopener">price recently hitting new all-time highs</a>. Here's a breakdown by <a href="https://www.youtube.com/watch?v=ZbLsDAhb920" target="_blank" rel="noreferrer noopener nofollow">analyst Josh of Crypto World</a>, of the key factors driving this bullish momentum, including Bitcoin's chart patterns, market trends, and important price targets <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin price prediction</a></p>   
<h2 class="wp-block-heading" id="h-bitcoin-s-price-surge-what-s-happening"><strong>Bitcoin's Price Surge: What's Happening?</strong></h2>   
<p>Bitcoin has broken through major resistance levels and is now experiencing a powerful bullish breakout. It is currently in the middle of a significant bull market, with the price climbing steadily. A key factor driving this is the <a href="https://coinpedia.org/traders/from-cup-to-victory-conquering-crypto-trading-with-the-cup-and-handle-pattern/" target="_blank" rel="noreferrer noopener">Cup and Handle pattern</a>, a bullish formation that suggests further upside potential. Bitcoin's price is now moving past important Fibonacci extension levels, signaling more potential for growth in the coming months.</p>   
<h3 class="wp-block-heading" id="h-bitcoin-etfs-driving-price-growth"><strong>Bitcoin ETFs Driving Price Growth</strong></h3>   
<p>One of the biggest catalysts for Bitcoin's recent price increase is the massive inflows into Bitcoin ETFs. Just this week, <a href="https://coinpedia.org/news/bitcoin-etf-inflows-surge-blackrocks-massive-1-1b-mark/" target="_blank" rel="noreferrer noopener">Bitcoin ETFs saw net inflows</a> of $1.1 billion on Monday and over $800 million on Tuesday. These inflows from institutional investors are reducing the supply of Bitcoin on the market, which, combined with the growing demand, is pushing prices higher.</p>   
<h3 class="wp-block-heading" id="h-technical-analysis-bullish-chart-patterns"><strong>Technical Analysis: Bullish Chart Patterns</strong></h3>   
<p>The current chart setup mirrors past bull markets, suggesting that Bitcoin could see continued gains well into 2025. Even with Bitcoin at new all-time highs, experts believe the current bull run is just getting started.</p>   
<p>Bitcoin is currently in the early stages of a Cup and Handle pattern, which is a bullish chart formation. If this pattern plays out as expected, Bitcoin's price could reach as high as $126,000. This technical price target is based on the pattern's structure and is one of the primary price levels analysts are watching.</p>   [post_titles_links postid="379643"]   
<h3 class="wp-block-heading" id="h-key-price-levels-to-watch"><strong>Key Price Levels to Watch</strong></h3>   
<p>Bitcoin’s next major resistance levels are as follows:</p>   
<ul class="wp-block-list">
  
 <li><strong>$94,000 - $95,000</strong>: Short-term resistance and a key area to monitor for potential pullbacks.</li>   
 <li><strong>$102,000</strong>: Based on Fibonacci retracement levels, this could be a significant resistance point.</li>   
 <li><strong>$113,000</strong>: The next major price target if Bitcoin breaks above $102,000.</li>   
 <li><strong>$126,000</strong>: The ultimate target based on the bullish Cup and Handle pattern.</li> 
</ul>

Bitcoin Price Prediction: Cup and Handle Pattern Hints at Breakout Above $126,000

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