Bitcoin’s Price Action Signals A 14% Increase, A New All-Time High Looming?

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As an analyst, I find myself observing Bitcoin‘s price surge yet again, this time reaching the $99,000 mark. This development has ignited fresh optimism about its potential to challenge higher resistance levels soon. Considering the recent bullish momentum and the positive market sentiment, it seems plausible that BTC could be on a trajectory towards its current all-time high, with sights potentially set beyond.

Upside Breakout For Bitcoin To New Highs Incoming

According to crypto expert and investor Javon Marks, there could be a significant rise in Bitcoin’s value in the near future. Based on Bitcoin’s current price trends, Marks anticipates a potential 14% jump as optimistic sentiment builds up within the market.

Given Bitcoin’s current performance mirrors past patterns leading to significant surges, the analyst suggests we’re still within Bitcoin’s bull market cycle. This forecast implies growing enthusiasm, as Javon Marks predicts a fresh high after this latest price increase.

According to the analyst’s analysis of Bitcoin’s historical trends, it seems that the conditions are ripe for a substantial price increase. This suggests that the current bull market might have more growth ahead, implying that we may not yet have reached its end stage.

Based on recent price trends, Mark thinks Bitcoin could be preparing for a significant increase of approximately 14% or higher, surpassing the $113,386 mark – this is his projected “Target 2”. Afterward, he predicts an extended phase that might lead to an even bigger jump into uncharted price territories.

With Bitcoin steadily holding a bullish stance, its journey towards reaching $113,386 appears to be following the expected course. Guided by past price patterns, Bitcoin could be on the brink of starting another significant surge as the new year unfolds.

Given that Bitcoin is currently trading near crucial support areas, some market experts believe it could soon break past its current price points, potentially reaching the next resistance level estimated around the $100,000 mark.

Michael Van De Poppe, the tech whiz and founder of MN Consultancy, anticipates Bitcoin to surpass its existing record high of $108,000. He arrived at this forecast based on a striking pattern he observed in Bitcoin’s chart.

According to the expert’s analysis, Bitcoin seems poised to reach its record peak again. However, surpassing the $100,000 mark will be a significant milestone. The past liquidity surge and obvious resistance levels suggest that Bitcoin could experience a surge once it breaks through this barrier.

BTC’s Upward Strength Building Slowly

Following a phase of no significant change, Bitcoin has started showing signs of growth, getting nearer to the $100,000 milestone. This newfound vigor has been noticeable throughout the broader cryptocurrency market since the start of the year, causing several assets to approach important resistance points.

So long as the market maintains an upward trajectory, Bitcoin’s value may be boosted by this momentum, potentially leading it back to its record high. Factors such as increasing investor optimism and strong market participation are likely to bolster Bitcoin’s bullish prospects. Notably, CoinMarketCap indicates that the trading volume of BTC has surged significantly, growing by more than 43% in just one day.

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2025-01-06 19:41