CandleFocus Bitcoin Price Enters Ascending Phase After Cup And Handle Formation At $105,000, Here’s The Next Target
2025-01-31
Author: Content Editor
Crypto analyst CobraVanguard believes that the Bitcoin price has entered an ascending phase after a cup and handle formation at the $105,000 level. Based on this pattern, CobraVanguard predicts that the BTC price could rally to $123,000. Additionally, CobraVanguard has a higher target of $260,000 in this market cycle. Another analyst, Tony Severino, has provided even higher targets for BTC, predicting it could reach as high as $321,000 or even $345,000. Despite bearish signals, analyst Ali Martinez believes that Bitcoin still has room to grow in this bull run, citing factors such as cycle shifts, the Mayer Multiple, technical indicators, and the halving cycle theory. Currently, the Bitcoin price is trading at around $104,700.
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