what are the next price targets?

Bitcoin predictions: very specific price targets

In recent days, the largest crypto in the world has regained its bullish momentum from November. Indeed, since the price of BTC has set new records. While the ATHs could continue throughout the week, new Bitcoin predictions are emerging for the future.

Before delving into the current analyses, it should be remembered that the increase for the month of December is currently 10.03%. For the moment it is worse than in November. However, positive continuity is in order with the BTC price which exceeded $108,000 for the first time.

At the time of writing, however, the asset has fallen slightly. Now, it is trading at a price of $106,610 after quite a bit of volatility during the day.

Due to these latest bullish movements, analyst Titan of Crypto expects a more pronounced upward movement.

Focusing on Fibonacci retracements, the analyst observes a breach of 50% at $107,000. The next objective would now be that of crossing the 61.8% level set at $129,000.

Two other indications point to an increase

But still, Titan of Crypto has noted two other important data for another point of view. As in previous bullish cycles, the price of BTC has exceeded a megaphone pattern from above. This type of configuration took place in previous cycles with a bullish breakout for Bitcoin. This resulted in the crazy rallies that led to cycle ATHs.

More than a price target, Titan of Crypto announced an upcoming bullish run accordingly for BTC.

Finally, by focusing on the breakout of the Golden Ratio Multiplier, the analyst observes a new objective. While Bitcoin is now above the blue line, the latter is now aiming for the red line. This next red line target has been exceeded in the past, notably in the previous cycle.

Depending on when this red line is reached, the price target could vary. Indeed, because when the trend is bullish, this line moves upwards as time progresses. Bitcoin predictions will be one to watch closely in the coming weeks.

Moral of the story: the bullish party is spoiled but it is just as tasty.