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https://www.gate.com/announcements/article/45974
Analysts Reveal Bold Predictions About Bitcoin Prices Amid Strong Market Conditions
Since the beginning of April, BTC has risen to $10,000, increasing from $74,000 to the current range just below $105,000. This steady rise resembling a staircase has led analysts to speculate that Bitcoin is locked in an ascending channel — a structure that, if it stays tuned, could set price targets of $114,000, $124,000, and even $134,000 by early summer. Technical analyst TradingShot has shared this outlook in a recent post, emphasizing how each breakout follows a similar rhythm: the resistance level is tested, broken, and replaced with a higher support zone. But this trend is not invulnerable — a breakout below the channel could cause Bitcoin to return to the previous support levels of around $94,000 or $84,000.
To reinforce this optimistic argument, analyst Ali Martinez pointed out the index "Accumulated Value Destruction Days" (CVDD), a tool commonly used to identify the peaks and troughs of the long-term market. According to Martinez, Bitcoin is still in an accumulation phase, with key support holding near $90,000 — an important level to maintain the upward momentum. His model suggests that $120,000 could be the next significant milestone if BTC avoids a major setback.
Currently, Bitcoin is still fluctuating around the level of $105,000, consolidating after a strong price increase due to the flow of ETF money and margin liquidations. Some analysts believe that this current sideways action could form a bullish flag — a classic setup for another breakout.