Bitcoin May Reach $180,000 in 2 months- Exciting Projections by Traders

Bitcoin is $97,110.83 at the time of publication. So, the bearish streak for the coin continues. In December 2024, Bitcoin went over the $100,000 mark. But the news is flying in about frequent rallies when Bitcoin traded above its threshold.  

Last week Bitcoin was trading above the threshold. But it was not long-lived. This week it is again trading below the threshold level. The prices dropped below $91000 on Monday. But there is one advantage of a high-priced token like Bitcoin. Other than average downfalls or pull-ups ranging from a business plan of $10,000, the price is otherwise bullish. Bitcoin developers say that that trajectory to $180,000 is still open.  

The Elliott Wave offers a Ray of Hope  

Bitcoin is struggling. Therefore, many crypto traders are naturally asking if they can expect the next leg to be higher. People who are not Bitcoin loyalists also want the token to achieve the dream mark. The market knows for sure- a bullish streak for Bitcoin means other currencies will also gain attraction without a doubt.  

TradingView CEO suggested that to project better, traders should understand the Elliot Wave and how it performs.  

A detailed study will reveal that BTC would climb $180,000 when the market is not expecting it at all. Hence market sentiment should be at its lowest.  

Major ELLIOT WAVE insights  

All experts who used this wave to analyze the traction of the Bitcoin project that the current macro cycle would be the one. Currently, the token is going through the sub-wave 4. Meanwhile, there are no factors in the market to give it a final push to reach that mark. For that, Bitcoin may have to wait till the end of March 2025. In the next 7 weeks, investors can expect Bitcoin to grow at least 85%.  

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