Key Points:
Analyst BitQuant states that Bitcoin will not drop below $100,000 in the current bull market.
The latest predictions suggest that the Bitcoin price is still expected to reach $145,000.
Bitcoin has recently dropped below $114,500, filling the CME futures gap that has existed since July.
During the current adjustment period, Bitcoin (BTC) will not "approach" $100,000, and it has yet to set a new all-time high.
X platform analyst BitQuant's latest predictions bring hope to anxious traders, proposing a BTC price target of $145,000.
Although Bitcoin's price has fallen below $114,500, an 8.8% pullback from the latest all-time high, not everyone is worried about future trends.
BitQuant, known for his bullish views on Bitcoin's market structure on social media, stated that BTC/USD will maintain a six-figure level.
"Bitcoin will not drop below $100,000—this cycle will not. Regardless of news, the Federal Reserve, or inflation," he said on Monday.
When asked if the price would "touch" this psychological level, he added that BTC/USD would not come close to that level.
BitQuant previously emphasized that his next phase high target is $145,000, expected to be achieved during 2025.
This pseudonymous analyst successfully predicted Bitcoin's all-time high before the 2024 halving, gaining media attention.
Current signs indicate that the peak of this cycle may reach around $250,000.
Other market participants remain concerned about the worst-case scenario.
Cautious trader Roman maintains a cautious stance on prices during the current bull market phase, believing that $100,000 is far from a safe range.
"I think a significant rebound may only occur at $112,000," he stated on Tuesday on the X platform.
Roman pointed out that trading volume was relatively low at the latest all-time high, making it difficult for this trend to sustain. He believes that Bitcoin's current market performance is increasingly resembling the situation at the end of the last bull market in late 2021.
🚨 $BTC Check this out. This liquidation map shows a massive cluster of short liquidations building up just above $117,000. This is a huge magnet for price. Most traders are focused on the current chop, but institutional players are watching these pressure points. The… pic.twitter.com/piDcohuAeO
Traders' attention continues to focus on the liquidity of the exchange order book, anticipating a new retaliatory short squeeze after dropping below $114,500.
Monitoring resource CoinGlass shows that as of the time of writing, the 24-hour cryptocurrency liquidation amount is $333 million.
Trader and analyst Rekt Capital noted that Bitcoin's price has filled the "gap" left in the CME Group's Bitcoin futures market since July.
Related: Ethereum sets a four-year high weekly close: Watch these ETH price levels
Original article: “Analyst: Bitcoin (BTC) Won't Drop Below $100,000 This Cycle, $145,000 Target Remains Valid”
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