Bitcoin set for $125,000 if this level is breached, according to analyst
Bitcoin (BTC) is aiming to reclaim the psychological level of $60,000 amid a short-term correction, with Analysis suggesting that technical indicators point to the cryptocurrency being poised for a new record high. In particular, in an X post on August 12, the analyst by the pseudonym TheMoonCarl stated that Bitcoin is facing key resistance, which, if breached, could lead to the cryptocurrency reaching $125,000. The prediction is based on forming a “cup and handle” pattern. TheMoonCarl showcased Bitcoin’s price movement from 2021 to the present day, highlighting the formation of the cup portion, which began after the asset’s decline in late 2021. Picks for you AI predicts Gold price following CPI data release 1 hour ago ...