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The leading crypto of the market, Bitcoin (BTC), experienced a retracement below $ 109,000 on Monday, after the recent increase of a all time high (ATH) of $ 111,800 last week. While the cryptocurrency market responds to these fluctuations, analysts are divided over the future process of BTC.
Bitcoin could reach a new ATH of $ 113,000 this week
Markt Expert Doctor Profit went to Social Mediaplatform X (formerly Twitter) to re -confirm its bullish attitude, reference The recent performance of a “Golden Cross” – a technical indicator that has historically indicated significant price increases.
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With an accuracy percentage of 87.8% at higher time frames, the Golden Cross has only flashed twice in the last two years and has now appeared again. The doctor’s profit emphasized the rarity and stated: “This is a rare and powerful signal that deserves serious attention.”
During his analysis, the expert pointed out that the previous cases when the Golden Cross appeared, remarkably resulted Price rises: In October 2023, Bitcoin jumped from $ 27,000 to $ 73,000, which represents a profit of 170%, and in October 2024 it rose from $ 63,000 to $ 109,000, which marked an increase of 73%.
The expert now expects the Bitcoin prize to reach a new highest point of $ 113,000 in the same week, stating a considerable liquidity in that area and a robust momentum on the market.
Potential bullfall in BTC
In addition, the doctor’s profit emphasized the considerable inflow into Bitcoin exchange-bound funds (ETFs), which are nine times larger than the amount of bitcoin that is being mined.
He also pointed to strategy (formerly micro strategy) continuous accumulation of Bitcoin with a new purchase made by the company on Monday, suggesting that this trend creates the offer and opportunities for further price rating.
Colleague analyst Cameron Fous, on the other hand expressed A more careful prospect of X, which suggests that the current price can represent the peak of the Bull Run 2025.
He referred to historical price patterns from the previous bull market, and claimed that the recent performance of Bitcoin could look like a ‘bullfall’, seeing prices a sharp decrease after reaching a peak.
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Fous indicated that signs of a potential reversal could arise, especially if Bitcoin breaks under 50 days advanced average (Mon). Despite his caution, he acknowledged that Bitcoin could still collect in the short term to between $ 130,000 and $ 200,000.
He emphasized that although the market remains bullish, top signals often precede trend covers and warned that behavior should inform current decisions in the past, because market dynamics can shift quickly.
During writing, the largest cryptocurrency of the market is traded at around $ 108,739, which means that a slight decline of 0.6% is registered in the 24-hour time frame. In total BTC has withdrawn a little more than 3% from his all time last week.
Featured image of Dall-E, graph of TradingView.com