With Bitcoin (BTC) reclaiming the $105,000 level, a trading expert is projecting the cryptocurrency could reach $130,000 within weeks.
The forecast follows Bitcoin’s rebound from its one-day Exponential Moving Average 100 (EMA), a key trend line that has historically marked the beginning of major bull runs, according to a June 24 TradingView analysis by TradingShot.
The rebound also coincided with a de-escalation in the Israel-Iran conflict after President Donald Trump announced a ceasefire between the two nations.
Technically, the EMA100 has served as a critical support level since Bitcoin bottomed in November 2022. Since then, each major rally has either originated from or touched this moving average, triggering strong upward moves.
Bitcoin price analysis chart. Source: TradingView
Bitcoin dipped slightly below the EMA100 in the first bullish wave before rallying to the 1.382 Fibonacci extension. The second wave bounced directly off the EMA100 and reached the 1.618 lev
We współpracy z: https://finbold.com/analyst-sets-new-date-when-bitcoin-will-hit-130000/
