Crypto analyst Jelle has provided a bullish outlook for the Bitcoin price for the remainder of this market cycle. The analyst predicted that the flagship crypto will reach $140,000 and revealed when this price surge could likely happen.
When The Bitcoin Price Will Jump To $140,000
In an X post, Crypto Jelle predicted that the Bitcoin price could rally to $140,000 in the next three months. This came as the analyst highlighted a cup and handle pattern, which put BTC’s price target at this level.
Crypto analyst Titan of Crypto also suggested that Bitcoin could rally to $140,000 in the next three months. In an X post, the analyst shared an accompanying chart, which he tagged as the ‘Bitcoin 2025 Roadmap.’
The accompanying chart showed that the Bitcoin price could reach $140,000 at the start of the new year. However, this price is unlikely to mark the top for Bitcoin, as it could still surge to $150,000.
Other market experts have even provided a more bullish outlook for the flagship crypto. Engineer Ted Boydston predicted that BTC could hit $225,000, the biggest bull run for the flagship crypto.
Meanwhile, renowned finance author Robert Kiyosaki predicted that the flagship crypto will hit $350,000 in 2025. While it remains to be seen if the flagship crypto could reach such heights, fundamentals such as Donald Trump’s inauguration support a bullish continuation.
A Price Rebound Is Imminent
In an X post, crypto analyst Ali Martinez stated that the Bitcoin price could be preparing for a rebound. The analyst mentioned that Bitcoin is showing a bullish divergence on the hourly chart against the Relative Strength Index (RSI).
The analyst added that the percentage of Binance traders going long on BTC has increased from 53.12% to 64%. These traders are said to have a solid record of being right.
Martinez further stated that the Bitcoin price needs to break above $94,800 to confirm this rebound. A break above this level could send BTC to $95,300 or even $96,000.
On the flip side, the analyst warned that if Bitcoin drops below $93,600, the bull case is off the table as the flagship crypto could drop to $84,000 or even $70,000.
However, the bullish case is looking more likely. In another X post, the analyst revealed that there was a spike in Bitcoin’s Taker Buy/Sell ratio on the top crypto exchange OKX. This indicates a surge in aggressive buying, which is a sign of upward momentum ahead.
The post Analyst Reveals Timeline When Bitcoin Price Could Jump To $140,000 appeared first on CoinGape.
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