$120,000 Set as the Next Clear ATH Target for BTC, as Analyst Confirms Bitcoin’s Bullish Breakout Indicator
- Bitcoin continues its bullish sideways movement hovering at $104,000.
- Analyst sees a bullish breakout pennant pattern for BTC price.
- The next clear ATH target for Bitcoin (BTC) is set at $120,000.
The price of Bitcoin (BTC) continues to maintain its price of $104,000 as the Crypto Fear & Greed Index points to a score of 73, a slight dip in number but still very much in the ‘Greed’ sentiment. The crypto market remains to be bullish right alongside the many expectations of seasoned analysts for explosive surges ahead.
Bitcoin’s Bullish Breakout Patterns
Bitcoin’s previous ATH was set at $109,114.88 about six days ago. This record was set alfter a long sideways movement that took BTC prices from $90,000 to $101,000. Now, this sideways movement has shifted to a more bullish side where BTC prices are floating from $101,000 to $109,000. Thus, analysts expect a new ATH to occur soon.
$BTC (Bitcoin) is continuing to hold a BULLISH BREAKOUT of this Pennant pattern meaning a major move could be coming!
With this break, prices could be preparing here for a near +15% close to the $120,000 price areas… https://t.co/F2CIsHjvv2 pic.twitter.com/9eY3PxfkPR
— JAVON⚡️MARKS (@JavonTM1) January 25, 2025
$120,000 Set as Next Clear ATH Target
As we can see from the post above, the next ATH target for BTC is set at $120,000. This analyst says that Bitcoin is continuing to hold a highly bullish breakout scenario where a pennant pattern is at play. This means a major move could be on the horizon for BTC price. In addition, he says once this break follows through BTC price could pump a by over 15%.
This expectation matches well will several experienced analysts’ forecast for BTC price to set new ATHs at the start of the New Year. As we approach the end of January, analysts expect massive pump action from all crypto in the month of February. Furthermore, once the $120,000 BTC ATH target is reached, several analysts expect to see much higher ATHs between $135,000 and $250,000.
