May 15, 2025
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Bitcoin Enters Trend Continuation Phase, $109,400 Must Hold for Rally
Bitcoin is currently maintaining bullish momentum, recently hitting $105,000 before a minor correction. It has remained above $100,000, indicating potential for higher prices.
Bitcoin Price Trend Analysis
- Analyst Gert van Lagen states Bitcoin has entered the Trend Continuation phase after a rally from lows of $76,000.
- The price is projected to reach new all-time highs, with a cycle peak estimated above $320,000.
- To confirm this trend, Bitcoin must break and hold above $109,400. Failure to do so may invalidate the upward trend.
- A structural weekly close below $79,000 would indicate a significant downturn.
Future Projections
- If the Trend Continuation succeeds, Bitcoin could hit $320,000, followed by a distribution phase where investors may sell off holdings.
- A rapid price decline toward $100,000 is anticipated, leading to further corrections and possible future lows below $10,300.
