Crypto expert Jelle has expressed optimism in his positive Bitcoin price forecast for the rest of this market cycle. The expert forecasted that the flagship cryptocurrency will hit $140,000 and revealed when that price spike will likely occur.
Bitcoin Price Forecast: When Will It Climb to $140,000?
Crypto Jelle of X Post fame predicted that Bitcoin’s price may surge to $140,000 three months ago. Based on a cup and handle pattern, the analyst established this level as the target price for Bitcoin. Perhaps Bitcoin will reach $140,000 in the next three months, according to Crypto expert Titan of Crypto. He attached a “Bitcoin 2025 Roadmap” chart to his X post. The accompanying chart predicted that by the beginning of the new year, the price of Bitcoin could reach $140,000. To be sure, Bitcoin may yet climb to $150,000 at its current price, so it’s far from over.
Some industry insiders are even more optimistic about the future of the flagship cryptocurrency. Engineer Ted Boydston predicted the flagship cryptocurrency’s most extreme bull run, predicting that BTC could reach $225,000. In the meantime, famous financial writer Robert Kiyosaki forecasted that the flagship cryptocurrency would reach $350,000 in 2025. Fundamentals, such as Donald Trump’s inauguration, lend credence to a bullish continuation, although it is unclear whether the flagship cryptocurrency could achieve such heights.
An Impending Price Rebound
In an X article, cryptocurrency expert Ali Martinez suggested that Bitcoin’s price might be about to make a comeback. In contrast to the Relative Strength Index (RSI), Bitcoin’s hourly chart is displaying a positive divergence, according to the analyst. According to the expert, there has been a surge from 53.12% to 64% of Binance traders going long on BTC. This is believed to be because these traders consistently make the proper calls. According to Martinez, the Bitcoin price must rise beyond $94,800 for this recovery to be confirmed. If Bitcoin breaches this level, it might go as high as $95,300 or perhaps $96,000. However, the analyst cautioned that the bull case would be moot if Bitcoin fell below $93,600, as the flagship cryptocurrency might fall to $84,000 or even $70,000.
But the optimistic scenario is becoming increasingly plausible. Another post on X disclosed that the analyst had seen an increase in the Taker Buy/Sell ratio for Bitcoin on the leading cryptocurrency exchange… A rise in aggressive buying suggests that there will be rising momentum in the future.
Summary
Jelle, a Crypto expert, predicted that Bitcoin, following a cup-and-handle pattern, would hit $140,000 in the next three months. Experts in the field continue to express confidence, with Titan of Crypto predicting $150,000, Ted Boydston $225,000, and Robert Kiyosaki $350,000 by 2025. Underlying variables, such as governmental developments, reinforce pessimistic attitudes.
Analyst Ali Martinez highlighted the strong divergence between Bitcoin’s Relative Strength Index (RSI) and the rising long holdings on Binance as indicators of a potential resurgence. If Bitcoin wants to see the rally materialize, it must go above $94,800 or even $96,000. Prices might go as low as $70,000 if they fall below $93,600. The positive prognosis is bolstered by momentum indicators, which show increasing buying pressure, such as the Taker Buy/Sell ratio.
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