Crypto analyst Big Mike has made a bold prediction about Bitcoin’s price. He believes Bitcoin could skyrocket to between $130,000 and $140,000.
The Roadmap to $140,000
Big Mike’s prediction is based on complex technical analysis, including Elliott Wave theory, Fibonacci extensions, and moving averages. His chart shows a detailed wave pattern.
Key Support and Resistance Levels
A key support level sits around $72,895. If Bitcoin falls below $78,000 and hits this level, Big Mike sees it as a potential bottom before a significant price increase. Conversely, a break above $95,000 would signal a rapid move upwards. The $90,000-$95,000 range acts as significant resistance.
The Bullish Scenario
The analyst’s chart shows that if Bitcoin breaks above $95,000, it could trigger a rally to his target range of $130,000–$140,000. This upward movement is projected through several impulse waves. Fibonacci extensions pinpoint potential targets at around $114,693 and $137,727, with a possible final push towards $150,000.
The Bearish (Then Bullish) Scenario
Even if Bitcoin dips below $78,000 and tests the $72,000 support, Big Mike still believes it could eventually reach $140,000.
What the Data Says
Big Mike’s analysis also considers volume and momentum indicators. Recent price corrections showed low trading volume, suggesting a potential shift in momentum is brewing.
The Bottom Line
Big Mike sees two paths leading to the same destination: a Bitcoin price surge to $130,000–$140,000. Whether Bitcoin breaks above $95,000 immediately or dips to around $72,895 first, the end result, according to his analysis, is the same. At the time of this writing, Bitcoin was trading at around $90,053.
