How High Will Bitcoin Go on the Next Rally?
How High Will Bitcoin Go on the Next Rally?
12 hours ago•VirtualBacon•@virtualbacon
YouTube5 min 4 sec
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights

Monitor Bitcoin (BTC) for a move above $87,000 as a potential sign of renewed bullish momentum. Consider $93,000–$94,000 a possible target and resistance zone, where consolidation or a pullback may follow. The outlook favors taking profits above $90,000 but below $100,000, rather than expecting a new all-time high in this rally.

Detailed Analysis

Bitcoin (BTC)

  • The speaker expects the next rally to move above $90,000 but remain below $100,000. He identifies the $93,000–$94,000 area as a reasonable target, based on prior swing highs and resistance.
  • He views a move above roughly $87,000 as an important confirmation point that could convince more investors the bull market is underway.
  • He does not expect Bitcoin to reach a new all-time high in this upcoming move. In his view, that would be too fast relative to the early stages of previous bull-market cycles.
  • The speaker expects the rally to encounter consolidation or a correction after entering the $87,000–$94,000 resistance range.
  • $100,000 is described as a psychological resistance level. Reaching it this early in the bull market would be an aggressive, extended move and could prompt some investors to sell.

Takeaways

  • Based on the speaker’s analysis, investors may want to monitor $87,000 as a potential confirmation level and $93,000–$94,000 as a possible resistance or target zone.
  • The speaker’s preferred exit area for this move is above $90,000 but below $100,000; this is his view, not a guaranteed outcome or individualized advice.
  • Be aware that the forecast anticipates a possible pause or pullback in the resistance range, while a rapid move to $100,000 would exceed the speaker’s more conservative expectation.
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Video Description
Where does Bitcoin's next rally stop? I don't think this move goes straight to a new all-time high. Early bull runs come in waves, and the 2023 cycle is the map: once Bitcoin cleared its confirmation level, it ran into the old bear-market range and consolidated before the next leg. Today the equivalent is 87K. Break above it and the doubters flip, which is exactly when late bulls get trapped. My target for this wave is above 90K, around the 93K to 94K swing high, and below 100K, where the round number adds its own resistance. That is also the zone where I plan to rotate altcoins back into Bitcoin. ---------------------------------------------------- All Exchanges and Links ✅ FOMO Social Trading: https://bacon.link/fomo (Follow my real on-chain trades live. Real money on my actual account, so you see exactly what I hold, my size, and my entries) ✅ Toobit Exchange: https://bacon.link/toobit ($50 Free Bonus, No Verification Required) ✅ PropW: https://bacon.link/propw (Trade a $50K Funded Account) ✅ Bitunix Exchange: https://bacon.link/bitunix ($5,500 Bonus, no KYC) ✅ ByBit Exchange: https://bacon.link/bybit ($30,000 Bonus, KYC Needed) 🧰 Toobit Agent Trade Kit (connect an AI agent to the exchange): https://www.toobit.com/agent-tradekit 💎 Join The Coiners, our Trading Dashboard and Community: https://thecoiners.io 📢 Follow my X for Quick Alpha: https://x.com/virtualbacon 📢 Telegram, the daily market briefing and live alerts: https://t.me/virtualbacon 📢 Courses, Exchange Guides, and All Links: https://virtualbacon.com/ ----------------------------------------------------- My Other Videos 8 Years of Crypto Trading Advice in 40 Minutes 👉 https://youtu.be/p9iEJgFReB8 Crypto Investing for Beginners, Full Course 👉 https://youtu.be/niT7g4ghm3o ----------------------------------------------------- Chapters 0:00 When to trade altcoins back into Bitcoin 1:03 Why 87K is the pivot 2:06 The 2023 cycle analog 3:40 Why 100K is too far for this wave ----------------------------------------------------- 📜 Disclaimer 📜 The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome. #Bitcoin #BTC #Altcoins #Crypto #VirtualBacon
About VirtualBacon
VirtualBacon

VirtualBacon

By @virtualbacon

I'm Dennis, a Crypto angel investor with 100+ startups in our portfolio. On this channel I share my views on market trends and investing strategy for Crypto.