The post Bitcoin Price Prediction: Is $138,000 the Next Target Before a Pullback? appeared first on Coinpedia Fintech News
On November 6, the Bitcoin market broke above the previous all-time high of $73,000+. With a price of $91,727.28, the market now sits at least 25.41% above the previous ATH. Highlighting the historical market correction patterns, in a recent post on X, crypto analyst Ali Martinez argues that the BTC market may not face a serious pullback before the price hits the level of $138,000. Let’s understand what encourages him to stay overly optimistic about the future of Bitcoin.
Bitcoin’s Historical Bull Market Patterns
In December 2013, the Bitcoin market achieved its first notable high of $1,130. In April 2017, the market broke through the previous high. It was on June 11, 2017, that the market witnessed a significant correction after the ATH breakout. By then, the price climbed to a level of $2,952, marking a 161.23% rise.
Before the start
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