Bitcoin Targets $160k by 2026; Analyst Highlights Key Price Levels
The price of Bitcoin started the last quarter strongly, reaching $120,000 and approaching its all-time high above $124,000. Analysts suggest a potential rise to $160,000, contingent on specific price conditions.
Key Points for Bitcoin's Bull Run
- A break above $128,000 is critical for sustaining the bullish trend.
- The 2024 halving event is expected to influence long-term price rallies by reducing miner rewards.
- If BTC falls below $102,000, the upward trend could be invalidated, leading to a scenario reset.
The current BTC price stands at about $122,710, with a 2% increase over the past 24 hours and over 12% in the last week.
