Bitcoin is on fire, breaking records and leaving analysts buzzing about even higher prices. One expert, CrediBull Crypto, predicts a smooth ride to $155,000 with minimal dips along the way.
The $155,000 Prediction: Wave Analysis and Bullish Momentum
CrediBull Crypto’s analysis, based on Elliott Wave theory, points to a strong upward trend for Bitcoin. They see the current price action as part of a powerful “Wave 3,” suggesting a continued climb. The recent breakout above $112,000 solidified this bullish outlook, turning former resistance into support.
A key factor supporting this prediction is the strong demand zone between $98,000 and $101,000. This area acted as a springboard for the previous rally and remains untested, indicating strong buying pressure. CrediBull Crypto believes a drop below $110,000 is highly unlikely.
The projected path? A climb to around $135,000 as Wave 3 concludes, followed by a brief pause, then a final push to $155,000.
Price Discovery Mode: Beyond $138,000?
Another expert, Crypto Fella, agrees with the bullish sentiment. They point to a clear pattern of consolidation followed by sharp upward movements since early 2023. The current rally seems to be following this pattern, but with even more intensity.
Crypto Fella identifies a key target around $138,206, aligning with a long-term trendline. Breaking this level could signal a new phase of “price discovery,” meaning Bitcoin could soar to unprecedented heights.
