Road To $320,000: Bitcoin Enters Trend Continuation, But $109,400 Must Hold 🚀
Bitcoin remains bullish despite a small correction after surpassing $105,000, maintaining momentum above $100,000, suggesting higher prices ahead. Crypto analyst, Gert van Lagen, suggests Bitcoin is in a Trend Continuation phase where prices could reach new highs, potentially exceeding $320,000.
However, for bullish momentum to continue, Bitcoin must break above and maintain $109,400, failing which could invalidate the trend. If the upward momentum plays out, a series of stages are expected, with the next peak at $320,000, followed by a potential correction and eventual fall below $10,300.
The analyst's chart indicates Bitcoin is far from its cycle peak, with critical structural levels needed for confirmation. Maintaining key levels is essential for further upward movement.
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