Currencies36120
Market Cap$ 3.24T+0.19%
24h Spot Volume$ 32.26B+5.28%
DominanceBTC55.32%-0.21%ETH11.37%+0.10%
ETH Gas0.44 Gwei
/

This Analyst Predicted Bitcoin’s Rally To $120,000 Months Ago, Here’s The Rest Of The Forecast

This Analyst Predicted Bitcoin’s Rally To $120,000 Months Ago, Here’s The Rest Of The Forecast

Share:

A crypto analyst who accurately predicted the Bitcoin (BTC) price surge to $120,000 months ago has returned with a bold new forecast that could redefine investors’ expectations for the rest of the cycle. Using a detailed Elliott Wave structure and historical halving patterns, the expert outlines what could be Bitcoin’s final parabolic move, laying out a clear roadmap toward a new ATH target.  

Bitcoin Parabolic Phase Still Ahead

Following Bitcoin’s explosive rise above $123,000 in a single day, crypto analyst XForceGlobal reaffirmed his earlier predictions and intensified his bullish outlook. He now asserts that Bitcoin is in the early stages of a much larger breakout, with the final and most parabolic phase of its rally yet to unfold.  

The analyst Bitcoin Price Trajectory To $155,000: Why No Major Dips Are Expected From Here a detailed chart showing that Bitcoin is now trading over $40,000 above its Wave 2 bottom of the macro 5th. This indicates that the market could be transitioning into Wave 3 of a larger Elliott Wave impulse pattern. The chart also visually segments previous bull market runs into distinct macro phases, each unfolding after a halving cycle. Every phase began with a consolidation period, followed by exponential growth and eventual correction. 

Bitcoin’s price history is further marked by the halving events in 2012, 2016, 2020, and 2024—all of which have consistently preceded major bullish rallies. The latest halving, which occurred in April 2024, is now expected to lead to an intermediate-term rally that may extend BTC’s price beyond $270,000 before entering another corrective phase.  

Bitcoin

While XForceGlobal maintains a bullish long-term outlook for Bitcoin, he urges investors to be cautious and aware that the final wave may generate market euphoria before a significant decline sets in. His projected roadmap shows a steady bullish climb toward $272,832, followed by a potential retracement to around $41,646, marking a steep 85% crash from the top. 

During his analysis, the market expert highlighted the difference between smart and dumb money during this bullish phase of the cycle. He claimed that smart investors have already mapped out their exit strategies, understanding that success comes from early planning rather than spontaneous decisions. He also added that with the market yet to reach a climax, there’s still time to prepare an exit before red flags emerge.

Analyst Predicts $155,000 As Bitcoin’s Next Stop 

In a follow-up X post, XForceGlobal forecasted Bitcoin’s next short-term price target at $155,000. This prediction comes as BTC recently rallied past $123,000 before undergoing a pullback, now trading slightly above $116,800. According to the analyst, Bitcoin remains firmly in an extended Wave 3, which traditionally represents the most impulsive and powerful phase of the Elliott Wave sequence.

XForceGlobal’s chart reveals that Bitcoin recently broke out from a complex WXYXZ correction structure, which served as the launchpad for the present rally. His projection suggests that BTC is now forming a five-wave structure targeting the $140,000-$155,000 range, with macro-level corrections expected along the way. 

Bitcoin
Read the article at NewsBTC

In This News

Coins

$ 89.69K

-0.06%

$ 0.182

+0.35%

$ 0.0154

+1.16%

$ 0.00...361

$ 0.00255


Share:

In This News

Coins

$ 89.69K

-0.06%

$ 0.182

+0.35%

$ 0.0154

+1.16%

$ 0.00...361

$ 0.00255


Share:

Read More

Bitcoin Structure Tightens: One Break Above This Zone Could Ignite A Run To $107,000

Bitcoin Structure Tightens: One Break Above This Zone Could Ignite A Run To $107,000

Bitcoin finds itself at a critical crossroads, hovering between two major price zones...
Analyst Points To $82,000 As Most Crucial Bitcoin Price Level — Here’s Why

Analyst Points To $82,000 As Most Crucial Bitcoin Price Level — Here’s Why

In a not-so-surprising turn of events, the bearish orientation of the Bitcoin price h...

This Analyst Predicted Bitcoin’s Rally To $120,000 Months Ago, Here’s The Rest Of The Forecast

This Analyst Predicted Bitcoin’s Rally To $120,000 Months Ago, Here’s The Rest Of The Forecast

Share:

A crypto analyst who accurately predicted the Bitcoin (BTC) price surge to $120,000 months ago has returned with a bold new forecast that could redefine investors’ expectations for the rest of the cycle. Using a detailed Elliott Wave structure and historical halving patterns, the expert outlines what could be Bitcoin’s final parabolic move, laying out a clear roadmap toward a new ATH target.  

Bitcoin Parabolic Phase Still Ahead

Following Bitcoin’s explosive rise above $123,000 in a single day, crypto analyst XForceGlobal reaffirmed his earlier predictions and intensified his bullish outlook. He now asserts that Bitcoin is in the early stages of a much larger breakout, with the final and most parabolic phase of its rally yet to unfold.  

The analyst Bitcoin Price Trajectory To $155,000: Why No Major Dips Are Expected From Here a detailed chart showing that Bitcoin is now trading over $40,000 above its Wave 2 bottom of the macro 5th. This indicates that the market could be transitioning into Wave 3 of a larger Elliott Wave impulse pattern. The chart also visually segments previous bull market runs into distinct macro phases, each unfolding after a halving cycle. Every phase began with a consolidation period, followed by exponential growth and eventual correction. 

Bitcoin’s price history is further marked by the halving events in 2012, 2016, 2020, and 2024—all of which have consistently preceded major bullish rallies. The latest halving, which occurred in April 2024, is now expected to lead to an intermediate-term rally that may extend BTC’s price beyond $270,000 before entering another corrective phase.  

Bitcoin

While XForceGlobal maintains a bullish long-term outlook for Bitcoin, he urges investors to be cautious and aware that the final wave may generate market euphoria before a significant decline sets in. His projected roadmap shows a steady bullish climb toward $272,832, followed by a potential retracement to around $41,646, marking a steep 85% crash from the top. 

During his analysis, the market expert highlighted the difference between smart and dumb money during this bullish phase of the cycle. He claimed that smart investors have already mapped out their exit strategies, understanding that success comes from early planning rather than spontaneous decisions. He also added that with the market yet to reach a climax, there’s still time to prepare an exit before red flags emerge.

Analyst Predicts $155,000 As Bitcoin’s Next Stop 

In a follow-up X post, XForceGlobal forecasted Bitcoin’s next short-term price target at $155,000. This prediction comes as BTC recently rallied past $123,000 before undergoing a pullback, now trading slightly above $116,800. According to the analyst, Bitcoin remains firmly in an extended Wave 3, which traditionally represents the most impulsive and powerful phase of the Elliott Wave sequence.

XForceGlobal’s chart reveals that Bitcoin recently broke out from a complex WXYXZ correction structure, which served as the launchpad for the present rally. His projection suggests that BTC is now forming a five-wave structure targeting the $140,000-$155,000 range, with macro-level corrections expected along the way. 

Bitcoin
Read the article at NewsBTC

In This News

Coins

$ 89.69K

-0.06%

$ 0.182

+0.35%

$ 0.0154

+1.16%

$ 0.00...361

$ 0.00255


Share:

In This News

Coins

$ 89.69K

-0.06%

$ 0.182

+0.35%

$ 0.0154

+1.16%

$ 0.00...361

$ 0.00255


Share:

Read More

Bitcoin Structure Tightens: One Break Above This Zone Could Ignite A Run To $107,000

Bitcoin Structure Tightens: One Break Above This Zone Could Ignite A Run To $107,000

Bitcoin finds itself at a critical crossroads, hovering between two major price zones...
Analyst Points To $82,000 As Most Crucial Bitcoin Price Level — Here’s Why

Analyst Points To $82,000 As Most Crucial Bitcoin Price Level — Here’s Why

In a not-so-surprising turn of events, the bearish orientation of the Bitcoin price h...