Bitcoin surpasses $100,000, sparking bullish momentum and market optimism, with analysts predicting higher targets for 2025 - IcoHolder.

Bitcoin has recently shown strong bullish signs, climbing back above the crucial $100,000 mark. After months of trading uncertainty, the leading cryptocurrency’s impressive recovery has sparked renewed optimism in the market. This surge is even more significant given that Bitcoin was hovering around $74,000 just a month ago. With the crypto market sentiment improving, many are now wondering how much further Bitcoin can rise.

The $100,000 milestone is a critical psychological level, and some analysts believe this is just the beginning of a much larger rally. Bitcoin’s sharp rebound suggests it could be preparing for higher targets, with $109,000 being the next likely point of resistance. However, altcoins have not yet recovered with the same strength, still trailing behind their 2024 highs.

Rekt Capital, a prominent crypto analyst, has highlighted that Bitcoin’s price cycles often feature “Price Discovery Corrections,” and with the current cycle having just completed its first correction, there could be more room for growth. Comparing this cycle to previous years, Bitcoin experienced four corrections in 2017 and three in 2021 before reaching its peak, hinting that the current cycle may still be in its early stages.

In addition, the market saw over $925 million in liquidations in the past 24 hours, with $800 million of that being from short positions. This short squeeze marks the largest since 2021, fueling speculation that Bitcoin’s rally could continue for longer. Major sell orders near Bitcoin’s all-time high of $109,500 indicate that the upward momentum could have further to run.

Technical indicators such as moving averages and the MACD continue to show strong support, suggesting that the rally is poised to persist. The Fear and Greed Index has shifted towards greed, signaling increasing buying activity and a growing interest in Bitcoin.

Looking ahead, several analysts have outlined potential targets for Bitcoin. AlphaBTC suggests that Bitcoin may soon reach $106,000 or higher before any significant correction occurs. Meanwhile, Egrag Crypto predicts that if Bitcoin breaks through $109,000, it could soar to $170,000 by the end of the year. Binance CEO Changpeng Zhao has even more ambitious predictions, with some speculating that Bitcoin could hit between $500,000 and $1 million during this bull cycle.

As Bitcoin continues its upward trajectory, the cryptocurrency community remains on edge, closely watching for any signs of a market correction or further price discovery.