Bitcoin Price Can Hit These ‘Realistic’ Bullish Targets Before The Bear Market Begins
Bitcoin’s Bullish Adventure Before the Bear Market
So, here’s the scoop: after hitting a jaw-dropping $126,000 peak in October, everyone seems to think Bitcoin is gearing up for another marathon bear market. But hold your horses! Some analysts, including the wise folks at TradingShot, think it won’t be a boring straight downhill tumble; oh no, they’re expecting some thrilling relief rallies that’ll lift the price before plunging into doom and gloom.
TradingShot’s Crystal Ball
TradingShot doesn’t play the bear market game by the traditional rules. They reckon Bitcoin is still warming up for a whole new bull cycle. Their analysis resembles a detective novel, as it draws parallels with previous sell-offs, especially from January 20 to April 7, arguing they’re all part of a “Channel Up” saga. Who doesn’t love a good channeling story?
The MACD Magic
Now, let’s sprinkle in an interesting twist: just like the rollercoaster from January to April, Bitcoin’s plot thickened this time with a 1-Day MACD Bullish Cross. That fancy phrase means we might be on the verge of a thrilling recovery, similar to the electrifying moment back in March.
What’s Brewing?
So, what does this all mean? Picture this: we might just be at the beginning of a counter-trend rally! If these crypto gods are smiling upon us, Bitcoin could be ready to flex its muscles and retest the Lower Highs trendline, with price levels much higher than where our hero is at right now.
Price Targets on the Horizon
If this counter-trend rally does decide to grace us with its presence, TradingShot has two key price targets locked and loaded. The first target is a respectable $95,850, sitting snugly at the 0.382 Fibonacci level. This level was the drama-filled rejection point during the April 2025 rally, so it’s a big deal!
Now, if Bitcoin is feeling particularly generous, it might set its sights on an even juicier target of $106,450. This second target is intriguing—it sits just outside the Lower Highs trendline, yet still remains within reach. It’s like that final pizza slice at a party, tantalizing yet elusive! The price could dance up there when it makes contact with the 1D MA200, coinciding with the 0.618 Fibonacci retracement level. This was also Target 2 during our previous fractal adventure of April!