Bitcoin Price Could Reach $140,000 If It Breaks Above $95,000

Crypto analyst Big Mike outlines a roadmap for Bitcoin's price action. Key points include:

• A break above $95,000 could lead BTC to the $130,000–$140,000 range.
• A bounce from support near $72,895 may act as a significant bottom if the price dips below $78,000.
• The chart features a complex Elliott Wave structure with five impulse waves and corrective sub-waves.
• Notable resistance is at $90,000–$95,000, while support sits around $72,000–$90,000.
• Fibonacci extension targets are set at approximately $114,693 for wave (3) and $137,727 for wave 5.
• Current trading price of BTC is at $90,053.

Big Mike states that “BTC above $95k will trigger the move quickly towards my target of $130-$140k.” Conversely, a drop below $78,000 could lead to testing $72,895 before rising again.