BTC on the Verge of an Ascending Triangle Breakout, Next Bitcoin Target $98,300 Then $125,000

Pioneer crypto BTC on the verge of an ascending triangle breakout.

Reputed analysts set bullish targets for BTC to hit soon

Next Bitcoin target set at $98,300 followed by $125,000.

The crypto market continues to grow more excited and bullish as the market nears its entry into the second month of Q2. With sentiments for new crypto ATH targets being hit grows stronger for this bull cycle, targets are set at higher values. Presently, BTC on the verge of an ascending triangle breakout and analysts have set two bullish targets for Bitcoin price to hit next, starting with $98,3000 then $125,000.

BTC on the Verge of an Ascending Triangle Breakout

The pioneer crypto asset Bitcoin got a spectacular start this bull cycle with early pumps. The asset reclaimed its ATH from the previous bull cycle very early this time around. Soon after that it went on to set a new ATH, then it pumped again leaving a string of new ATHs in Q4 of 2024. Until finally, the price of BTC hit its present ATH record at the $109,000 range in early Q1 of 2025

Soon after that the crypto market led by Bitcoin’s price dump fell into a deep state of market correction which analysts believed was highly necessary to maintain a healthy market. In their opinion, BTC pumped too hard and too fast which meant a brutal correction was inevitable. The market dip was influenced by many other political factors as well which led to a prolonged dip and a delayed altseason

Bitcoin's Pump to Next ATH Target $125,000

As we enter Q2 of 2024, analysts are quite certain that the correction phase for the crypto market is over. Now, they look forward to seeing Bitcoin price starting to pump steadily, break past greater resistance levels, reclaim previous highs, and go on to set much higher ATH targets in the coming days ahead. Most recently, BTC reclaimed the $90,000 price barrier and finally broke past the $95,000 target

Now, analysts await for BTC price to reclaim even higher targets. As we can see from the post above, Bitcoin (BTC) seems to be on the verge of an ascending triangle breakout. If this breakout results in a price pump as expected, the analyst expects the price of BTC to surge towards the next high target set at $98,300. This would further strengthen the expectation for BTC to reclaim 6-digit targets very soon

Meanwhile, other bullish analysts looking at the BTC price chart are expecting much higher targets for Bitcoin. As we can see from the post above, this analyst expects $125,000 to occur as the next ATH target for Bitcoin. Based on the chart in the post, the analyst marks how BTC has bounced off the orange line of the golden ratio multiplier and is now aiming for the blue line, which is the $125,000 price target.