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Bitcoin is still predicted to reach $110,000, though analysts are cautioning about a possible dip below $40,000 before that happens.
Bitcoin’s Path to $110K by 2025
Some experts are worried about a possible dip below $40,000 before Bitcoin reaches six figures, but based on historical chart technical patterns, it is on course to $110,000.
Popular cryptocurrency analyst Titan of Crypto has predicted that, based on a critical technical formation, the price of Bitcoin will reach $110,000 by 2025, as reported by Cointelegraph.
An X post from the analyst on September 1st read:
Bullish Chart Pattern Supports Uptrend
One common bullish chart pattern that might help you find long-term investment opportunities is the cup-and-handle. It shows that an uptrend is about to continue.
Elja Boom, a well-known expert, claims that another technical indication points to a breakthrough towards $100,000 in the first quarter of 2025.
In a post on X on August 31st, the analyst wrote:
Potential Drop Below $40K Possible
Bitcoin may still experience a substantial fall before the optimistic six-figure projections come true.
In a post on September 1st, Bitcoin expert Magoo PhD provided the following graphic, indicating that Bitcoin might potentially have a fall below $40,000 prior reaching the 2025 breakout.
Bear Market Eyes $57K as Key Support
But there are many who think the correction will be milder. An example of this is the bear market that prominent crypto researcher Moustace sees approaching $57,000.
In a post on September 2nd, the analyst stated:
Fractal patterns help technical traders spot possible trend reversals, important support and resistance levels, and historical data.
$57K Support Level Holds Strong
At the present time, $57,000 provides substantial support for Bitcoin. Data from CoinGlass indicates that if the price were to drop below the current level, more than $860 million worth of leveraged short positions would be liquidated.
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