Analysts maintain a bullish outlook for Bitcoin despite recent market volatility. Predictions indicate a potential dip to $78K, $72K, or even $60K, but the primary target remains $125,000.
Key Support Levels
Current market dynamics suggest Bitcoin may test one of three support zones:
* $77K–$78K: A minor correction area before continuation. * $72K–$73K: A deeper dip offering strong technical support. * $60K: The 'absolute worst-case' zone before a sharp rally.
Long-Term Forecasts
Analysts believe that Bitcoin is preparing for the next leg up targeting $125K. This forecast aligns with long-term logarithmic growth curves and the post-halving cycle narrative.
Overall Market Sentiment
Despite short-term uncertainty, market sentiment remains bullish. Large wallet addresses continue accumulating Bitcoin, exchange outflows are steady, and broader institutional participation is growing. These dips may be remembered as shakeouts before the next surge.
In conclusion, while short-term corrections might occur, the long-term projections for Bitcoin remain positive, aiming for a target of $125K.
