3 hours ago
Crypto analyst and trader Kevin Svenson remains bullish on Bitcoin (BTC) , predicting a potential upside of up to 35% from current levels, according to The Daily Hodl . Svenson highlights that Bitcoin’s strongest rallies historically begin around 40 weeks post-halving , and with the fourth halving occurring on April 19, 2024 , BTC could be on the brink of a major breakout . “I’m very bullish on $124,000, $134,000, and $142,000—these levels seem highly achievable,” Svenson stated. Why Analysts Predict Bitcoin Could Reach $142K Key Factors Driving Bitcoin’s Potential Upside: Post-Halving Price Action – Historically, Bitcoin’s strongest rallies begin 40 weeks after a halving event . Institutional Demand from Spot ETFs – Continued inflows into spot Bitcoin ETFs are fueling buying pressure . Favorable Macro Conditions – Potential Federal Reserve rate cuts could boost risk-on assets like BTC. Bullish Technical Breakout Signals – Bitcoin is breaking key resistance levels, aligning with historical cycles . With these factors aligning, BTC could surge toward $142K in the coming months . Bitcoin’s Historical Halving Cycle Trends Bitcoin’s past bull markets show strong post-halving rallies : 2012 Halving: BTC surged 9,000% in the following year . 2016 Halving: BTC climbed 3,000% within 18 months . 2020 Halving: BTC rallied 600% within a year , peaking at $69K in 2021 . If Bitcoin follows historical patterns, a move toward $142K is within reach . Can Bitcoin Hit $142K in 2025? Bullish Scenario: If institutional adoption, ETF inflows, and macro factors align , BTC could easily reach $142K . Bearish Risks: A weaker global economy or regulatory setbacks could slow Bitcoin’s momentum . Key Levels to Watch: $124K: First major resistance $134K: Intermediate breakout level $142K: Full upside target A break above $110K–$115K could trigger the next leg of Bitcoin’s bull run . What’s Next for Bitcoin? More Institutional Accumulation? – Large funds may continue increasing their Bitcoin ETF holdings . Bitcoin Halving Narrative Strengthens – As supply tightens, BTC’s scarcity could drive prices higher . Potential for New All-Time Highs? – A breakout past $142K could open doors to price discovery mode . If historical trends hold , Bitcoin’s next major rally may be just beginning . FAQs Why is Bitcoin expected to rise 35%? Bitcoin’s post-halving cycle, ETF demand, and bullish technicals suggest a potential 35% upside . What is the Bitcoin price target? Analyst Kevin Svenson predicts Bitcoin could hit $124K, $134K, and $142K in 2025. How does the Bitcoin halving impact price? Halvings reduce BTC supply issuance , historically leading to strong post-halving rallies . Could Bitcoin hit a new all-time high this year? Yes, if BTC breaks past key resistance levels and maintains strong institutional demand . What are the risks to Bitcoin’s bullish outlook? Weak macro conditions Regulatory concerns Unexpected market corrections Conclusion Bitcoin’s post-halving momentum and institutional demand could drive prices up to $142K , with a potential 35% upside from current levels . If historical trends repeat , BTC may be entering the strongest phase of its bull market , with Q1 and Q2 2025 set to be crucial periods . Traders should watch ETF inflows, macroeconomic shifts, and key resistance levels for further confirmation . To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries.
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Crypto News $142K target in sight BITCOIN Bitcoin set for 35% upside
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Bitcoin Analysts Warn of a $95K ‘Bear Trap’ Ahead Despite $100,000 Monthly Close
Uncertainty has hit the Bitcoin (BTC) market despite closing January above the psychological $100,000 level. However, the leading digital asset has slid below this notable level just a day before the first business day in February. Is Inflation Fears Behind Bitcoin’s Dip? Market observers attribute the dip to inflation worries that have swept the broader market. Most market participants fear that President Donald Trump’s imposition of tariffs on the trio of Mexico, Canada, and China could trigger inflation. Others see the dip as part of a wider market correction, which could plunge BTC to $95,000. Ryan Lee, chief analyst at Bitget Research, however, identifies $95,000 as a crucial support level. Lee stressed the need for investors to monitor the broader financial space as it concerns federal policy expectations. He also expects market sentiments to play a role in determining the next move for Bitcoin. Bear Trap or Market Correction? Interestingly, Lee believes Bitcoin’s price might react to macroeconomic factors. Notably, the U.S. labor report could shape the coin’s price outlook for February. The Bureau of Labor Statistics in the U.S will release its market report by Friday, February 7. The price of Bitcoin could regain higher levels if the market report data paints the picture of a “slow economy.” This might spur investors to consider accumulating Bitcoin as an alternative, and the demand could push the price up. Meanwhile, Sensei, another analyst on X, in a post , described the current Bitcoin dip as a “huge bear trap.” He noted that BTC traders anticipating further decline might get caught unaware of Bitcoin’s rebound. Huge Bear Trap. Be ready. pic.twitter.com/MDkqMrDNsG — Sensei (@SenseiBR_btc) February 2, 2025 Sensei calls on traders to exercise caution, particularly those trading on short positions. If his projections turn out accurate, Bitcoin might record a sharp recovery. Analysts Predict Bitcoin to $180,000 As of this writing, Bitcoin is changing hands at $99,250.69, representing a 2.57% decline in the past 24 hours. The coin hit a low of $98,137.60 in earlier trading but has seen a mild 3.34% uptick to $42.78 billion in trading volume. Analysts have projected that Bitcoin could climb as high as $180,000 in 2025 as they anticipate the coin to have a bullish year. The post Bitcoin Analysts Warn of a $95K ‘Bear Trap’ Ahead Despite $100,000 Monthly Close appeared first on TheCoinrise.com . Bitcoin World
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CryptoQuant CEO: ‘Bitcoin Bull Cycle Isn’t Over’
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