$BTC Price Quickly Puming and Profit Target 3 Done. See on Chart
2025-01-18
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BINANCE:BTCUSDT  Price Quickly Puming and Profit Target 3 Done. See on Chart ...

This pattern resembles a "cup" followed by a downward trend, or "handle," which typically signals a buying opportunity. According to Martinez, this suggests a potential upside target of $276,400 for Bitcoin-more than doubling its record high of $108,000 reached at the end of last year.

• Bitcoin price still on track for $180K in 2025: 

Bitcoin BTCUSD hitting $130,000 would be a "great result" for the current bull market, longtime trader and analyst Filbfilb says.

In his latest interview with Cointelegraph, the co-founder of trading suite DecenTrader gives his predictions on where BTC price action may be headed this cycle.


• Trump, trade wars and record Bitcoin dominance

Bitcoin is bouncing back after a trip to two-month lows and is holding well above $100,000 as of Jan. 17, per data from Cointelegraph Markets Pro and TradingView.

For Filbfilb, good things lie in wait - especially with the incoming US government administration under President-elect Donald Trump.

Pro-Bitcoin and pro-crypto policies could well offer a short-term market impulse, but it may not all be plain sailing anv talk of trade wars.


• Bitcoin Breaks Out Of Cup-And-Handle Pattern, Eyes $276,000 Target

The market's leading cryptocurrency, Bitcoin (BTC), has rejoined the crypto rally, gaining momentum on Friday amid reports that President-elect Donald Trump may issue an executive order prioritizing cryptocurrencies as soon as he takes office.

As of the latest data from CoinGecko, Bitcoin surged nearly 5% in the 24-hour time frame, reaching $104,000. The broader cryptocurrency market, represented by the CoinDesk 20 index, also saw an uptick, rising 1% following a 4% increase on Thursday.

This newfound interest in Bitcoin has positively impacted exchange operators, with shares of platforms like Coinbase and Robinhood climbing approximately 5% and 3%, respectively.

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