The price of Bitcoin has surged to over $100,000 for the first time, sparking optimism among market participants. In line with this development, cryptocurrency analyst Xanrox has provided detailed information about whether Bitcoin will continue to rise in value, or if this surge above $100,000 could be a potential price trap.
What will the price of Bitcoin be after it reaches $100,000
In a recent post on TradingView, Xanrox believes that the price of Bitcoin is unlikely to continue to rise continuously at the current time. He explains that this is unlikely to happen because a continuous rise could easily push Bitcoin to $600,000 in December 2025, which is impossible. Therefore, he believes that BTC will need to slow down.
The analyst also noted that the price of Bitcoin has not seen any significant correction in recent weeks, which is why he does not want to buy BTC in the near future. Xanrox commented that the market needs to see a shake-up and a flash crash before anything else. He believes that Bitcoin could drop to as low as $85,000 when this correction finally occurs.
Xanrox declares that the $85,000 level is a very reasonable support level as it is the end point of the large fair value gap (FVG) on daily candles. He further states that this target is also the start of the first price action on the volume profile. The cryptocurrency analyst reveals that this is the level he is looking to buy Bitcoin.
Crypto analyst points out that this $100,000 Bitcoin rally is a bull trap as he highlights a symmetrical triangle pattern on the four-hour chart. He suggests it looks like a bull trap for retail traders as people will buy in on the breakout. Therefore, he imagines Bitcoin will make one final move to shake out liquidity.
A major adjustment may not come soon
On the other hand, cryptocurrency analyst Ali Martinez has expressed a contrary opinion, suggesting that a major correction may not occur soon for the price of Bitcoin. In his recent post X, he alluded to a previous post in which he declared that the current price increase cycle is very similar to the cycles in 2017 and 2020.
If this model is correct, Martinez predicts that the price of Bitcoin will not have to undergo the first large correction from 15% to 30% until reaching $135,000 or even $159,000. Meanwhile, the accompanying chart sets the market peak for Bitcoin at $240,000, indicating that there is still plenty of room for price appreciation even after this correction.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Bitcoin at $100,000: The Path to Super Profit or Price Trap?
The price of Bitcoin has surged to over $100,000 for the first time, sparking optimism among market participants. In line with this development, cryptocurrency analyst Xanrox has provided detailed information about whether Bitcoin will continue to rise in value, or if this surge above $100,000 could be a potential price trap. What will the price of Bitcoin be after it reaches $100,000 In a recent post on TradingView, Xanrox believes that the price of Bitcoin is unlikely to continue to rise continuously at the current time. He explains that this is unlikely to happen because a continuous rise could easily push Bitcoin to $600,000 in December 2025, which is impossible. Therefore, he believes that BTC will need to slow down.
The analyst also noted that the price of Bitcoin has not seen any significant correction in recent weeks, which is why he does not want to buy BTC in the near future. Xanrox commented that the market needs to see a shake-up and a flash crash before anything else. He believes that Bitcoin could drop to as low as $85,000 when this correction finally occurs. Xanrox declares that the $85,000 level is a very reasonable support level as it is the end point of the large fair value gap (FVG) on daily candles. He further states that this target is also the start of the first price action on the volume profile. The cryptocurrency analyst reveals that this is the level he is looking to buy Bitcoin. Crypto analyst points out that this $100,000 Bitcoin rally is a bull trap as he highlights a symmetrical triangle pattern on the four-hour chart. He suggests it looks like a bull trap for retail traders as people will buy in on the breakout. Therefore, he imagines Bitcoin will make one final move to shake out liquidity. A major adjustment may not come soon On the other hand, cryptocurrency analyst Ali Martinez has expressed a contrary opinion, suggesting that a major correction may not occur soon for the price of Bitcoin. In his recent post X, he alluded to a previous post in which he declared that the current price increase cycle is very similar to the cycles in 2017 and 2020. If this model is correct, Martinez predicts that the price of Bitcoin will not have to undergo the first large correction from 15% to 30% until reaching $135,000 or even $159,000. Meanwhile, the accompanying chart sets the market peak for Bitcoin at $240,000, indicating that there is still plenty of room for price appreciation even after this correction.