Bitcoin Price Trajectory To $155,000: Why No Major Dips Are Expected From Here

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 Bitcoin price is once again commanding the spotlight as bullish momentum propels the leading cryptocurrency to new all-time highs. With the price already breaking past the $122,000 mark, analysts are growing increasingly confident in the potential for even higher targets. A recently shared chart analysis by market expert CrediBull Crypto suggests that the current rally is far from—and most importantly, no major dips are expected along the way. As a result, he has forecasted that BTC could see a significant price surge to $155,000 soon.  Bitcoin Price Action Clears Path To $155,000 

Bitcoin’s momentum continues to gather steam, with technical indicators from CrediBull Crypto’s wave analysis reportsignals a bullish continuationthat could propel the cryptocurrency’s price to $155,000 in the coming weeks. The analyst’s new wave count projectionsuggests that Bitcoin is firmly in the middle of a powerful upward leg, with minimal signs of a pullback ahead.  Related Reading Bitcoin Price Break Above $118,000 Just The Start, Analyst Unveils ‘Golden Number’ 2 days ago

CrediBull Crypto’s shared price chart highlights a well-formed textbook Elliott Wave structurethat suggests that Bitcoin is in the early stages of a strong Wave 3. Notably, BTC’s recent breakout above the $112,000 rangeshifted market sentiment in a bullish direction. What once served as resistance was quickly flipped to support, and now price action is clearing a path toward even higher ATH targets as momentum continues to build. Source: CrediBULL Crypto on X

A critical factor supporting the analyst’s optimistic BTC outlookis the daily demand zone between $98,000 and 101,000. This area served as the launch point for the previous rally above $112,000 and has remained untested ever since. With selling pressure diminishingand strength building, CrediBull Crypto believes that the price of Bitcoin will stay well above the $110,000 level. 

He also views a retest to $112,000 or a decline to $110,000 or below as highly unlikely under current bullish conditions. According to the analyst, Bitcoin’s projected path forward places it near $135,000 by the completion of Wave 3, followed by a brief period of consolidation before a final push toward $155,000.  Bitcoin Rise Above $120,000 Is Just The Beginning

As Bitcoin continues its ride above $120,000, Crypto Fella, a market expert on X, has citedthe potential for the cryptocurrency to enter price discovery mode and skyrocket to uncharted levels. The analyst’s chart highlights a well-defined ascending trendlinebeginning in early 2023, with three distinct rally zones marked by purple rectangles. Each of these phases showcases consolidation followed by an aggressive upward move, suggesting a clear pattern of accumulation and breakout.  Related Reading Market Expert Says It’s Now ‘Illegal’ To Short Bitcoin, Here’s Why 3 days ago

The current leg of Bitcoin’s rallyappears to mirror this trend from past bullish cycles but with greater force, hinting that the leading cryptocurrency could be on the verge of a parabolic surge. A key target identified in Crypto Fella’s analysis sits around the $138,206 level, which aligns with the projected continuation along the trendline. This level represents the next major psychological resistance and could mark the entrance into a new phase of price discovery. BTC trading at $121,720 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com