Bitcoin Price Poised for 30% Increase, Analyst Predicts $156,000 Target
Bitcoin's price is showing bullish momentum, with expectations of an upward trend. Crypto analyst Arman Shabann highlights the formation of an ascending channel which supports this trajectory.
- Bitcoin has rebounded from support levels between $108,000 and $109,000, entering a natural correction phase.
- The price remains around the midline, indicating potential further movement.
- If Bitcoin retests the support near $105,000, it could prepare for another bounce, presenting a potential entry point.
- A sustained uptrend requires holding the upper boundary of the channel, potentially driving prices over 30% higher to $156,000.
- If bears take control by breaking below $105,000, the next target is the dynamic support above $100,000.
