Bitcoin Historical Data Points To Imminent 62% Price Surge – Analyst

Bitcoin experienced a price dip due to market reactions to a public dispute between Trump and Musk. Despite the dip, technical indicators suggest a potential bullish setup for Bitcoin. A market expert, CrypFlow, predicts a price rally similar to Q4 2024, citing a golden cross formation as a key indicator. The price also broke above a long-standing downward trendline, mirroring a previous bullish breakout. The recent price correction is considered the final signal before a potential explosive rally. CrypFlow suggests a conservative initial price target of $130,000 for Bitcoin. Currently, Bitcoin is trading at $104,850 with a recent gain, but decreased trading volume. Market sentiment is generally bullish, despite a Fear & Greed Index indicating fear. Coincodex analysts project Bitcoin prices of $134,074 in five days and $155,864 in three months.