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Bitcoin’s Price Action Signals A 14% Increase, A New All-Time High Looming?

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Bitcoin price rose to the $99,000 level again, sparking renewed hope that higher resistance levels could be revisited soon. Given the recent bullish strength and rising market sentiment, BTC may be heading mainstream All-time highs and beyond.

Bitcoin’s bullish breakout to new highs is coming

Cryptocurrency expert and investor Javon Marks anticipation Possible rise in the price of Bitcoin in the short term. Looking at the current price action of BTC, Javon Marks predicts an imminent 14% increase as bullish momentum in the market grows.

With BTC performing similarly to previous trends that led to notable rises, the analyst believes that the asset is still in its bullish phase. This forecast indicates growing optimism, with Javon Marks pointing to a new peak following the move.

based on BitcoinGiven the past price performance, the analyst claims that prices appear to be in a position where a significant upside is still possible. This means that there could be a lot of growth in this ongoing uptrend, indicating that the phase is still far from over.

Looking at the price action, Marks believes that Bitcoin may be poised to rise more than 14% to $113,386 and beyond, indicating a current “Target 2.” After that, an extension phase is expected that could lead to a much larger move into uncharted territory.

Previous trends indicate a 14% rise in Bitcoin price source: Javon Marks on X

As BTC continues to maintain its bullish state, the major asset’s path to the $113,386 mark appears to be unfolding almost precisely as it should. Supported by historical price trends, BTC may be about to take off The next big gathering As the new year progresses.

With Bitcoin trading within a major support area, market enthusiasts expect Bitcoin to break past its current levels soon, targeting the next resistance level at Threshold of $100,000.

Technical expert and founder of MN Consultancy, Michael van de Poppe, expects Bitcoin to move beyond its all-time high of $108,000. Van de Poppe predicted, to set Beautiful price setup on its chart.

While BTC looks promising to revisit its all-time high, the expert highlighted that a breakout above $100,000 would be crucial. Given the above Grab liquidity With clear resistance areas, this indicates that Bitcoin is moving higher once the breakout occurs.

BTC’s upward strength is slowly building up

After a period of stagnation, Bitcoin It saw an upward movement as it approached the $100,000 level. This renewed strength has been seen across the general cryptocurrency market since the start of the new year, pushing many assets towards key resistance levels.

As long as the market continues to trend upward, Bitcoin’s price could be boosted by momentum, allowing a return to its all-time high. Other factors such as growing investor sentiment and strong participation may fuel the trend Bullish outlook for BTC. CoinMarketCap shows that Bitcoin’s trading volume has risen sharply along with its price, rising by more than 43% in the past day.

Bitcoin
BTC trades at $99,046 on 1D chart | Source: BTCUSDT Tradingview.com

Featured image from Unsplash, chart from Tradingview.com

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