Bitcoin [BTC] crossed a major milestone of $100k in the recent past, and things can get better in 2025 only if...
crossed a major milestone of $100k in the recent past. But as the market trend changed, the king coin fell.
However, despite the bearish market condition, investors’ shouldn’t underestimate the king coin, as it has huge potential going forward. For reference, when BTC’s rainbow chart showed a similar reading back in 2020, the coin was valued at $19k. But months later, BTC rallied to over $60k.In fact, other data sets also suggested a similar price rise in the coming days. For instance, as per the Pi Cycle top Indicator, BTC’s possible market top is at $130k, which seems achievable if market conditions support BTC.
However, it should also be noted that the chances of BTC reaching that level will only be possible if enough buying activity happens, supplemented by positive market sentiment around the coin.Now, what to expect in the short-term? AMBCrypto checked Bitcoin’s daily chart. We found that BTC’s price was about to touch the lower limit of the Bollinger Bands.
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