A trading expert believes that Bitcoin could exceed $250,000, with a potential record high of $271,000, as it shows signs of a breakout from a long-term bullish pattern. Another analyst also suggests that Bitcoin is poised for further growth and that $120,000 is a key resistance level in the short term. However, Bitcoin has faced short-term bearish momentum due to geopolitical uncertainties and a broader market selloff sparked by the emergence of the Chinese AI model DeepSeek. Despite this, other market players remain confident in the upside potential of digital assets. Bitcoin currently trades at $101,798, with the need to stay above $100,000 to maintain bullish momentum.
Content Editor ( finbold.com )
- 2025-02-01
Bitcoin's 'megaphone pattern' breaks out; Is $270,000 next?
