Analysts target a Bitcoin price of 138,000 USD after breakout

The Bitcoin price is trading above 100,000 USD again, which makes many analysts optimistic. Based on the “return of Coinbase Premium,” analysts are now predicting that the BTC price is on its way to 138,000USD. This could mean a spectacular start to 2025 for the digital currency.

Bitcoin starts 2025 strongly

Bitcoin has certainly started 2025 well, recording an increase of 8.5% so far. This makes the market seem to be turning bullish as the inauguration of Donald Trump as the new President of the United States, scheduled for January 20, approaches.

After the BTC price exceeded the 100,000 USD mark again, many analysts are targeting new all-time highs for the digital currency.

On December 8, BTC closed with a daily candle above 100,000 USD for the first time. Since then, however, the BTC price has only been above this magical level for six days. According to pseudonymous analyst Posty, another daily close above 100,000 USD would be extremely positive, and that is exactly what BTC seems to be heading towards at the moment.

He compares Bitcoin’s current price action with that of the first quarter of 2021 and concludes that we may be facing a very strong phase for the digital currency. If BTC repeats the pattern of the previous cycle, it could soon mean a price of 138,000 USD.

Bitcoin could rise to 200,000 USD

Cryptochampanz is also now bullish on BTC. In his opinion, the monthly chart is extremely positive for the digital currency and is very similar to the structure we saw during the last bull run.

“If we follow the same path, the Bitcoin price could rise to as much as $200,000,” the analyst said.

Axel Adler adds with the above graphic that 90% of all BTC are currently recording a virtual profit. As long as there are no negative surprises, such as the mining ban in China in 2021, Adler predicts a bull run similar to that of 2017.

And that could result in very high prices.

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Margharet Tess

Editor, Developer at Cryptheory Labs

I have been active in the cryptocurrency world for over 6 years, during which I have written countless articles about this sector. What fascinates me most about cryptocurrencies is their technological aspect and the problems they aim to solve. In the past three years, I have ventured into app development and am currently working on a larger project called P2E Buzzer. Stay tuned for the surprise. 🙂 My previous experiences: Business2Community.com, TradingPlatforms.com

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