Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The bull market may be taking longer than expected to kick into its final gear, but the Bitcoin price structure remains bullish and steadily climbing within a rising trend channel. However, the potential upper targetshave also moved higher, and might open the door to unprecedented price levels in the weeks ahead. Why The Bull Market Delay Might Be Good News
Global uncertainties have delayed the second and possibly final phase of the current bull market in cryptocurrencies. According to master kenobi’s poston X, he noted that these delays may end up working in our favor. Related Reading The Bitcoin Liquidity Supercycle Has Just Begun, Says Hedge Fund CEO 15 hours ago
While Bitcoin and altcoins have remained within the boundaries of an ascending trend channel, the upper and lower limits of this channel are steadily rising, and showing resilience in market structure despite the external hesitation. If the second phase of the bullmarket ignited in April, projections suggest that the BTC upper limit might have topped out between $134,000 and $155,000.
However, as this didn’t happen, the upper limit has continued to climb, and if the 50-day pump pattern holds, the upper limit could be reached around August 11, at a range of $169,000 and $197,000. Naturally, this requires relative global stability. “Let’s hope for another 30 days of calm, as 20 days have already passed,” the analyst added. Source: master kenobi on X Why Bitcoin Surge Is A Market-Wide Trigger
In an X post, Davie Satoshi also mentioned that Bitcoin is on the verge of something big, that BTC is hovering in the middle of a multi-year bullish channel. It has been marked by long-standing greentrendlines, and has just broken through the resistance level,which is indicated by a blue dotted horizontal line that has capped upside momentum until now. Related Reading Bitcoin To Reach $135,000 By September’s Close, Standard Chartered Forecasts 19 hours ago
Every time the Stoch Relative Strength Index (RSI) crosses over on the monthly chart, it leads to an explosive rally, and with the crossover freshly triggered, many see this as the start of something big and not just for Bitcoin.
The analyst stated that a rising tide lifts all boats, and that Bitcoin has always been the bellwether of the crypto market. They also suggest that BTC price could surge toward$180,000 to $200,000, with a potential top forming around late August to September, which will be followed by alt season and peaking in Q4 2025 to Q1 2026.
The memecoins and altcoinscontinue to dominate the narrative in the crypto space this year. The next NFT season two will begin in January 2026, followed by the Bitcoin Ordinals in mid-year 2026. “It’s always a cycle, and Not Financial Advice, so gamble responsibly,” he added. BTC trading at $121,479 on the daily chart | Source: BTCUSDT on Tradingview.com Featured image from iStock images, chart from tradingview.com