CandleFocus Why Bitcoin price is set for $105,000 target and beyond
2024-10-13
Author: Content Editor
The Bitcoin (BTC) market is currently calm, but a trading expert believes that a new record could be on the horizon. Based on Fibonacci circle analysis, the expert predicts that Bitcoin could reach $105,000 in its current cycle. This projection is considered conservative but optimistic. Another analyst also suggests that Bitcoin looks bullish in the long term, with a potential high of $240,000 based on the Consecutive Candles 9 indicator. Despite recent fluctuations and volatility, Bitcoin remains within a sideways trading range of $65,000 to $52,000. However, there is a need for cautious optimism as Bitcoin must overcome key resistance levels at $65,000 to sustain upward momentum and reach a new all-time high.
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