Bitcoin consolidates above $115K support, with a cup-and-handle pattern signaling a potential $135K breakout by Q4 2025.
Bitcoin is once again capturing the general public’s attention as it prepares to investigate a new ATH. Analysts anticipate that the token will experience rapid development, as it is currently valued at $114K. After successfully surpassing $120,000, will the Bitcoin price reach the $135K threshold? That is the opinion of one analyst who is forthright.
Analyst on Bitcoin: $135K Could Be The Next Crowning Target for BTC
Bitcoin is presently at $114K and is steadily ascending to a new record high. According to Javon Marks, a renowned crypto expert, BTC may pursue them for the long term, as the Bitcoin price is striving to achieve a remarkable new high, establishing support at current levels in anticipation of reaching $135K soon.
“Bitcoin’s prices could be BUILDING SUPPORT here after recently breaking above a key resistance area, and next up could be a HUGE climb above the $135,000 level! Prices may only be getting ready to send here…”
Marks had previously disclosed that Bitcoin is currently ascending a retest; a surge above this level could assist in the price stabilization and attaining the ambitious $135K mark.
“$BTC IS CLIMBING OFF OF THE RETEST ⚡️! this could spark a run to levels well beyond $135,000…”
$12.5 billion Bitwise Suggests New High for the Asset
The next price target for Bitcoin is $200K, as major companies and institutions continue to invest directly in the token, according to Matt Hougan, the CIO of Bitwise Asset Management, which manages $12 billion.
“12 Billion Bitwise says #Bitcoin should be at $200,000 today. ‘I think the number of companies buying Bitcoin is going to triple this year. I think Game Theory is on.” 🚀”
