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.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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