Analysts are actively discussing potential Bitcoin price rally scenarios based on current market patterns and support levels.
Key Levels and Patterns
The Moon Show channel discusses critical support levels that have been tested multiple times. Current data indicate the formation of a bullish pennant, suggesting a possible upward breakout.
Short-Term BTC Projections
The analyst highlighted that Bitcoin is oscillating between support and resistance levels, a typical sign of bullish formations. A bullish divergence on the 4-hour chart reinforces optimism for short-term price movements.
Path to $130K and Beyond
The optimistic forecast for March 2025 suggests Bitcoin could reach $130,000. Favorable market momentum could lead to targets of $170,000 to $200,000.
While forecasts suggest significant price hikes, experts emphasize the importance of caution when investing in volatile market conditions.
