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The Bitcoin market has recently shown strong momentum, and investors are generally following whether it can create new highs. Although breaking through historical peaks is not difficult, what is truly noteworthy is its potential rise and the timing to get on board.
Technical analysis shows that there may be important support in the range of 115700 to 116300. If this area is broken, the short-term trend may weaken. Another rebound point worth following is near 117500.
Assuming Bitcoin successfully breaks through the current resistance, the short-term target price may be between 124700 and 126300. However, this is only a stage target, and if the rise continues, the actual peak may far exceed this level.
In the long run, the highest target for this round of rise may be close to $136,000. However, given the high volatility of the cryptocurrency market, investors still need to remain cautious and closely follow market trends.
It is worth noting that while technical analysis provides potential price targets, the actual market trends are often influenced by various factors, including the global economic situation, changes in the regulatory environment, and the behavior of institutional investors. Therefore, when making investment decisions, it is advisable to consider multiple factors comprehensively, rather than relying solely on price predictions.