As the cryptocurrency market experiences varying trends, all eyes are on the star crypto, Bitcoin, and its trajectory. After a massive rebound from $55,000 to nearly $72,000, the consolidation of gains has sparked expectations of even higher targets. With the BTC price hovering just below $70,000, the question on everyone's mind is: when will Bitcoin reach $100K?

Amid these uncertainties, an anonymous analyst known as BitQuant provides insights into the long-term BTC price rally.

Anticipated Price Targets

Referring to the analyst's chart, it's predicted that Bitcoin will hit $90,000 by June. The current trend suggests that the price may reach $80,000 before the month's end. However, a sharp decline could also occur, possibly in June itself.

Key Resistance and Bullish Trend

Despite the bullish sentiment, Bitcoin struggles to breach the key resistance at $72,500. This level holds significance, often leading to sharp price declines when not surpassed convincingly. Thus, its validation is crucial for maintaining the bullish trend.

Crucial Days Ahead

The coming days, particularly leading up to the weekend, are pivotal. Bitcoin must sustain a strong upswing to reach the analyst's targets. Breaching the resistance at $72,500 could pave the way for a new all-time high above $75,000.

Conclusion

As Bitcoin teeters below $70,000, market participants eagerly await its next move. The path to $100K remains uncertain, but with strategic analysis and careful observation of key resistance levels, investors hope to navigate the volatile market successfully. The next few days will be telling, determining whether Bitcoin's rally maintains its upward momentum or faces a significant setback.