Bitcoin’s Bullish Blueprint: Two Analysts, One $120K Target
2025-07-03 16:55:59
Main Idea
Two analysts predict Bitcoin's price could reach the $116,000–$120,000 range based on technical analysis, with one identifying a breakout pattern and the other using Elliott Wave theory.
Key Points
1. Lark Davis identifies a breakout above a descending trendline, suggesting a potential 9.77% rally toward $120,000, supported by MACD and volume indicators.
2. Garrett Patten's Elliott Wave analysis points to a $116,400 target if critical support levels hold, with wave 3 completion expected within the larger fifth wave structure.
3. Both analyses align on a bullish outlook for Bitcoin, with technical indicators like MACD and RSI supporting upward momentum.
Description
Lark Davis signals a potential 9.77% BTC breakout targeting the $120K level via a triangle pattern. Garrett Patten’s Elliott Wave chart projects $116,400 as the next major wave 3 target if support holds. Both analyses align around bullish momentum, with MACD and RSI confirming strength in current market structure. A strong technical case is building for Bitcoin’s next major rally, as analysts have identified technical chart setups pointing to a rally toward the $116,000–$120,000 range. The bulli...
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