Bitcoin Price Could Rally Above $100,000 According to Analyst

Crypto analyst Madden has provided a bullish outlook for Bitcoin, suggesting a potential rally above $100,000. Key price targets identified include:

$91,700
$102,700
$109,356, which would set a new all-time high

Madden's analysis includes:

A Deep-Crab harmonic and Wolfe wave pattern indicating a reversal after BTC bottomed at $76,600
Confirmation of the 200-day moving average on the CME daily chart
Filled CME gap between $77,000 and $80,000, suggesting limited downside risk

Future Outlook for Bitcoin

Madden forecasts that Bitcoin could reach around $125,000 by year-end, with potential declines to $40,000 before 2026 ends. Crypto expert Willy Woo supports this target as conservative.

Market focus remains on the bullish reversal. Analyst Ali Martinez noted that if support holds at $84,000, BTC could target $90,000. Recent data indicates that crypto whales have purchased over 20,000 BTC in the last 48 hours.

Currently, Bitcoin is trading at approximately $84,500, reflecting a 3% increase in the last 24 hours.