2025-01-23 01:30:43 by NewsBTC

The Bitcoin price has shown a bullish pattern that could cause it to rally to between $150,000 and $170,000. Crypto analyst Gert van Lagen revealed how this could happen and what could come next after this price surge.  Bitcoin Price To Rally To As High As $170,000 Following Wave Formation The Bitcoin price is set to rally to as high as $170,000 following a wave formation. In an X post, Gert van Lagen revealed that Bitcoin had confirmed blow-off wave 5 within the $150,000 and $180,000 range by recently reaching a new all-time high (ATH) of $109,000. Following this development, the analyst stated that the flagship crypto is now aiming to reach between $150,000 and $170,000. Once the Bitcoin price rallies to between $150,000 and $170,000, Gert Van Lagen predicts that a retracement to as low as $120,000 will follow, with claims of a top. However, the rally to $170,000 won’t mark the cycle top for the flagship crypto as the analyst there will be another parabolic rally to the upside, which will be the wave v to complete the fifth wave.  BTC’s path to $150,000 and $180,000 | Source: Gert Van Lagen on XGert van Lagen predicts that the Bitcoin price will rally to as high as $300,000 on the last leg of this cycle, which would end the bull market. His accompanying chart showed that BTC could reach this price target by April. This isn’t the first time the analyst has predicted that the flagship crypto could rally to as high as $300,000. He previously highlighted a cup and handle pattern, which put the final ascent for BTC at this price target.  BTC Rally To $158,000 Still In Play Crypto analyst Titan of Crypto also provided a bullish outlook for the Bitcoin price, stating that the projected rally to the $158,000 target is still in play. This target came about when he highlighted a bullish pennant forming on BTC’s monthly timeframe. The analyst remarked that Bitcoin could catapult to the moon if this bullish pattern plays out. Meanwhile, in another X post, Titan of Crypto mentioned that the flagship crypto is back to its bullish momentum as it looks “extremely bullish” on the daily chart. This was based on his Ichimoku Cloud analysis, in which he pointed out that the cloud was turning bullish.  Amid these bullish outlooks for the Bitcoin price, crypto analyst Justin Bennett has warned that the flagship crypto could drop to as low as $91,000. He remarked that Bitcoin pumped into Trump’s inauguration, so there is a good chance that the rally fades from here. The analyst added that BTC is range-bound until proven otherwise and that the January 13th lower wick at $91,000 looks primed for a retest.  At the time of writing, the Bitcoin price is trading at around $105,402, up over 3% in the last 24 hours, according to data from CoinMarketCap. BTC trading at $105,420 on the 1D chart | Source: BTCUSDT on Tradingview.comFeatured image from Unsplash, chart from Tradingview.com Scott Matherson Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society. Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.