{"id":687333,"date":"2025-01-31T12:30:47","date_gmt":"2025-01-31T12:30:47","guid":{"rendered":"https:\/\/wncen.com\/?p=687333"},"modified":"2025-01-31T10:51:24","modified_gmt":"2025-01-31T10:51:24","slug":"bitcoin-in-ascending-phase","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-in-ascending-phase\/","title":{"rendered":"Bitcoin Price Enters Ascending Phase After Cup And Handle Formation At $105,000, Here&#8217;s The Next Target"},"content":{"rendered":"<p><a href=\"https:\/\/bitcoinist.com\/solana-meme-coin-to-grow-by-300\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Crypto analyst CobraVanguard<\/span><\/a><span style=\"font-weight: 400\"> has revealed that the Bitcoin price has entered an ascending phase after a cup and handle formation at the $105,000 level. Based on this bullish pattern, the analyst highlighted the price target that BTC could reach as it enters this ascending phase.\u00a0<\/span><\/p>\n<h2>Bitcoin Price Could Rally To $123,000 As It Enters Ascending Phase<\/h2>\n<p><span style=\"font-weight: 400\">In a <\/span><a href=\"https:\/\/www.tradingview.com\/chart\/BTCUSDT\/IVXuznKF-Frankly\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">TradingView post<\/span><\/a><span style=\"font-weight: 400\">, CobraVanguard predicted that the Bitcoin price could rally to $123,000 as it enters the ascending phase by the cup and handle pattern. According to the analyst, BTC is in a large cup and handle, and if it follows this pattern, its price will have a nice rally. His accompanying chart showed that the flagship crypto could hit the <\/span><a href=\"https:\/\/wncen.com\/news\/bitcoin\/economist-blow-off-top-bitcoin-123000-trump-win\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">$123,000 price target<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-roadmap-to-117000\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Price Prediction: Analyst Charts Roadmap To $117,000, What You Should Know<\/a><\/div>\n<p><span style=\"font-weight: 400\">The analyst also revealed his golden analysis for the Bitcoin price, in which he revealed that the flagship crypto could rally to as <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoins-final-cycle-pump-kicks-off\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">high as $260,000<\/span><\/a><span style=\"font-weight: 400\"> in this market cycle. His accompanying chart highlighted an ascending channel, which showed that BTC could hit this target if it reached the upper part of the channel.\u00a0<\/span><\/p>\n<figure id=\"attachment_687339\" aria-describedby=\"caption-attachment-687339\" style=\"width: 512px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-687339 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2025\/01\/Bitcoin-chart-from-CobraVanguard.png?w=512&#038;resize=512%2C235\" alt=\"Bitcoin\" width=\"512\" height=\"235\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2025\/01\/Bitcoin-chart-from-CobraVanguard.png?w=512 512w, https:\/\/wncen.com\/wp-content\/uploads\/2025\/01\/Bitcoin-chart-from-CobraVanguard.png?w=460 460w\" sizes=\"auto, (max-width: 512px) 100vw, 512px\"><figcaption id=\"caption-attachment-687339\" class=\"wp-caption-text\">BITC entering into an ascending phase | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/BTCUSDT\/IVXuznKF-Frankly\/\" target=\"_blank\" rel=\"noopener nofollow\">ConbraVanguard on Tradingview<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Interestingly, other crypto analysts have provided higher targets for the Bitcoin price in this market cycle. Crypto analyst <\/span><a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-to-321000-this-cycle\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Tony Severino recently predicted<\/span><\/a><span style=\"font-weight: 400\"> that BTC could reach as high as $321,000 in this cycle. He highlighted a potential head and shoulder pattern on BTC\u2019s chart and stated that the flagship crypto could reach this target if the pattern were valid.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">He also raised the possibility of the Bitcoin price rallying to $345,000. Severino explained that BTC could reach this ambitious price target if it touches the upper boundary of the primary uptrend channel over the last eight years or thereabouts. Meanwhile, for his more conservative targets, he predicted that Bitcoin\u2019s price could top between $158,000 and $191,000 in this market cycle.\u00a0<\/span><\/p>\n<h2>Why BTC Hasn\u2019t Reached Its Market Top Yet<\/h2>\n<p><span style=\"font-weight: 400\">Amid the bearish signals pointing to a market top, crypto analyst <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-level-at-97877-emerges-crucial-bullish-run\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Ali Martinez<\/span><\/a><span style=\"font-weight: 400\"> outlined several reasons why the Bitcoin price still has more room to grow in this bull run. First, he noted that cycle shifts typically occur when BTC surpasses 2.4x the 200-day Simple Moving Average (SMA), which is currently at $184,600.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-lths-in-greed-territory\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Long-Term Holders Officially Enter Into Greed Territory, Is This Good Or Bad For Price?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Furthermore, Martinez stated that the Mayer Multiple suggests the Bitcoin price has more upside, with a potential market top of around $182,000. From a technical perspective, the crypto analyst highlighted <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-bullish-cup-handle\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Bitcoin\u2019s cup-and-handle<\/span><\/a><span style=\"font-weight: 400\"> breakout, which points toward a target of $276,400. Lastly, he alluded to the halving cycle theory, which suggests that BTC could reach a market top between May and October 2025.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, the Bitcoin price is trading at around $104,700, down almost 1% in the last 24 hours, according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinMarketCap.<\/span><\/p>\n<figure style=\"width: 2301px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/KXDMLrhs\/\" alt=\"Bitcoin\" width=\"2301\" height=\"1546\"><figcaption class=\"wp-caption-text\">BTC trading at $104,170 on the 1D chart | Source: BTCUSDT on <a href=\"https:\/\/www.tradingview.com\/x\/KXDMLrhs\/\" target=\"_blank\" rel=\"noopener nofollow\">Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image from iStock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto analyst CobraVanguard has revealed that the Bitcoin price has entered an ascending phase after a cup and handle formation at the $105,000 level. Based on this bullish pattern, the analyst highlighted the price target that BTC could reach as it enters this ascending phase.\u00a0 Bitcoin Price Could Rally To $123,000 As It Enters Ascending Phase In a TradingView post, CobraVanguard predicted that the Bitcoin price could rally to $123,000 as it enters the ascending phase by the cup and handle pattern. According to the analyst, BTC is in a large cup and handle, and if it follows this pattern, its price will have a nice rally. His accompanying chart showed that the flagship crypto could hit the $123,000 price target.\u00a0 Related Reading: Bitcoin Price Prediction: Analyst Charts Roadmap To $117,000, What You Should Know The analyst also revealed his golden analysis for the Bitcoin price, in which he revealed that the flagship crypto could rally to as high as $260,000 in this market cycle. His accompanying chart highlighted an ascending channel, which showed that BTC could hit this target if it reached the upper part of the channel.\u00a0 Interestingly, other crypto analysts have provided higher targets for the Bitcoin price in this market cycle. Crypto analyst Tony Severino recently predicted that BTC could reach as high as $321,000 in this cycle. He highlighted a potential head and shoulder pattern on BTC\u2019s chart and stated that the flagship crypto could reach this target if the pattern were valid.\u00a0 He also raised the possibility of the Bitcoin price rallying to $345,000. Severino explained that BTC could reach this ambitious price target if it touches the upper boundary of the primary uptrend channel over the last eight years or thereabouts. Meanwhile, for his more conservative targets, he predicted that Bitcoin\u2019s price could top between $158,000 and $191,000 in this market cycle.\u00a0 Why BTC Hasn\u2019t Reached Its Market Top Yet Amid the bearish signals pointing to a market top, crypto analyst Ali Martinez outlined several reasons why the Bitcoin price still has more room to grow in this bull run. First, he noted that cycle shifts typically occur when BTC surpasses 2.4x the 200-day Simple Moving Average (SMA), which is currently at $184,600.\u00a0 Related Reading: Bitcoin Long-Term Holders Officially Enter Into Greed Territory, Is This Good Or Bad For Price? Furthermore, Martinez stated that the Mayer Multiple suggests the Bitcoin price has more upside, with a potential market top of around $182,000. From a technical perspective, the crypto analyst highlighted Bitcoin\u2019s cup-and-handle breakout, which points toward a target of $276,400. Lastly, he alluded to the halving cycle theory, which suggests that BTC could reach a market top between May and October 2025.\u00a0 At the time of writing, the Bitcoin price is trading at around $104,700, down almost 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":687337,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[94121,428,656,679,1119,89185,1122,1144,78790,94123,10995,94122,91599,85676,94048],"class_list":["post-687333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-ascending-phase","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-cobravanguard","tag-coinmarketcap","tag-cup-and-handle-pattern","tag-simple-moving-average","tag-sma","tag-tony-severino"],"acf":[],"yoast_head":"\n<title>Bitcoin Price Enters Ascending Phase After Cup And Handle Formation At $105,000, Here&#039;s The Next Target<\/title>\n<meta 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