According to Katie Stockton, a technical analyst at Fairlead Strategies LLC, Bitcoin is projected to reach a price level of $135,000 in the medium term. Following this significant rise, the market is expected to enter an adjustment phase characterized by either price stabilization or a potential decline. This forecast is grounded in the current state of the cryptocurrency market alongside comprehensive technical analysis. Stockton emphasized that once Bitcoin attains this elevated price point, investors should exercise caution and remain vigilant for possible market fluctuations. The forthcoming adjustment period will be crucial in determining the overall health and future trajectory of the market. While the anticipated increase in Bitcoin’s value reflects its growing popularity and evolving investment trends, the inherent volatility within the market remains a factor that cannot be overlooked.
Source: binance
