Crypto analyst Jelle provided a bullish outlook for the Bitcoin price for the rest of this market cycle. The analyst predicted that the flagship crypto will reach $140,000. He also explained when this price increase could happen.
When will the Bitcoin price jump to $140,000?
In an X post, Crypto Jelle predicted that the Bitcoin price could rise to $140,000 in the next three months. This came as the analyst highlighted a cup and handle pattern that puts BTC’s price target at this level. Crypto analyst Titan of Crypto also suggested that Bitcoin could rise to $140,000 in the next three months. In an X post, the analyst shared a chart he labeled ‘Bitcoin 2025 Roadmap’.
The attached chart shows that the Bitcoin price could reach $140,000 by the beginning of the new year. However, this price is unlikely to mark the peak for Bitcoin, as it could still rise to $150,000. Other market experts have even provided a more bullish outlook for the flagship crypto. Engineer Ted Boydston stated that BTC could reach $225,000. Moreover, he predicted that this figure would be the biggest bull run for the flagship crypto.
Meanwhile, as Kriptokoin.com reported, renowned financial writer Robert Kiyosaki was not left behind with his predictions. Because he predicted that the flagship crypto will reach 350,000 dollars in 2025. Although it is not yet clear whether the flagship crypto will reach these levels, fundamental factors such as the inauguration of Donald Trump support the continuation of the rise.
Are we close to a price rebound?
In an X post, crypto analyst Ali Martinez noted that the Bitcoin price may be gearing up for a rebound. The analyst noted that Bitcoin is trending bullish against the Relative Strength Index (RSI) on the hourly chart. The analyst added that the percentage of Binance traders who are long BTC has increased from 53.12% to 64%. These traders are said to have a solid track record of being right. Martinez also stated that the Bitcoin price needs to rise above $94,800 to confirm this recovery. A break above this level could send BTC to $95,300 or even $96,000.
On the other hand, the analyst warned that if Bitcoin drops below $93,600, the bull case will be off the table as the flagship crypto could fall to $84,000 or even $70,000. However, a bullish case seems more likely. In another X post, the analyst revealed an increase in Bitcoin’s Buyer Bid/Ask ratio on top crypto exchange OKX. This suggests an increase in aggressive buying, which is a sign of upward momentum ahead.
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