{"id":674202,"date":"2025-01-12T14:00:43","date_gmt":"2025-01-12T14:00:43","guid":{"rendered":"https:\/\/uniquehot.com\/?p=674202"},"modified":"2025-01-12T06:02:18","modified_gmt":"2025-01-12T06:02:18","slug":"bitcoin-price-to-140000-or-67000-analyst-weighs-in-on-interesting-btc-setup","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-to-140000-or-67000-analyst-weighs-in-on-interesting-btc-setup\/","title":{"rendered":"Bitcoin Price To $140,000 Or $67,000? Analyst Weighs In On Interesting BTC Setup"},"content":{"rendered":"<p><span style=\"font-weight: 400\">After an unexpected <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-under-threat-12000-void-opens-up-possibility-of-crash-toward-75000\/\" target=\"_blank\" rel=\"noopener \">bearish plot twist<\/a> in the past week, the Bitcoin price action has been pretty quiet over the weekend, with BTC barely holding above the $94,000 level. The premier cryptocurrency briefly slipped beneath this price mark on Saturday, January 11, before traveling to as high as $94,870.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Interestingly, a top analyst on the social media platform X has put forward an interesting analysis of the Bitcoin price, suggesting that the market leader might be at a pivotal juncture. Could a bullish breakout be on the cards for the price of BTC or is a deep correction the more likely scenario?<\/span><\/p>\n<h2><strong>Bitcoin&#8217;s Performance In The Next Few Weeks<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">In a recent post on X, popular crypto analyst Ali Martinez <a href=\"https:\/\/x.com\/ali_charts\/status\/59585180\" target=\"_blank\" rel=\"noopener nofollow\">weighed in<\/a> on the trajectory of the Bitcoin price over the next few weeks. According to the market pundit, the flagship cryptocurrency is currently set up such that it could see a move higher to $140,000 or a pullback to around $67,000.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/is-the-bitcoin-bull-market-still-on-sth-cost-basis-suggests-so\/\" target=\"_blank\" rel=\"noopener \">Is The Bitcoin Bull Market Still On? STH Cost Basis Suggests So<\/a><\/div>\n<p><span style=\"font-weight: 400\">These projections are based on the formation of two patterns, namely the head-and-shoulders and the bull pennant, on the BTC 12-hour price chart. The pennant pattern is marked by a price upswing (the flagpole) followed by a consolidation range with converging trend lines (the pennant), while the head-and-shoulders formation (as the name suggests) is characterized by three distinct price highs, including a higher \u201chead\u201d between two lower \u201cshoulders.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">The <a href=\"https:\/\/uniquehot.com\/news\/cardano\/cardano-price-shows-signs-of-recovery-is-a-return-to-1-inevitable\/\" target=\"_blank\" rel=\"noopener \">pennant chart formation<\/a> often serves as a bullish continuation pattern, suggesting the persistence of an upward price trend. The head-and-shoulders pattern, on the other hand, typically indicates a potential bearish reversal, signaling a shift from an uptrend to a downtrend.<\/span><\/p>\n<figure style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GhATaVyWoAAJpVV?format=jpg&amp;name=medium\" alt=\"Bitcoin price\" width=\"1200\" height=\"808\"><figcaption class=\"wp-caption-text\">Source: Ali_charts\/X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">As seen in the chart above, the Bitcoin price is yet to break beneath the neckline of the head-and-shoulders pattern, which often serves as confirmation for the trend reversal. If the premier cryptocurrency breaks the neckline situated at around $93,000, its price could plunge to as low as $67,000.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, Martinez pointed out that the next target could be higher if the Bitcoin price holds above the neckline and breaks out of the bull pennant pattern. If this occurs, a bullish surge to around $140,000 could be on the cards for the price of the market leader. This would represent an almost 50% rally from the current price point.<\/span><\/p>\n<h2><b>Bitcoin Price At A Glance<\/b><\/h2>\n<p><span style=\"font-weight: 400\">As of this writing, the<a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-remains-below-95k-analyst-says-its-a-golden-time-to-accumulate-heres-why\/\" target=\"_blank\" rel=\"noopener \"> price of BTC<\/a> stands at around $94,600, reflecting no significant change in the past 24 hours. According to CoinGecko data, the premier cryptocurrency is down by nearly 4% in the last seven days.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/ethereum-news\/will-ethereum-bounce-back-crypto-analysts-discuss-potential-price-recovery\/\" target=\"_blank\" rel=\"noopener \">Will Ethereum Bounce Back? Crypto Analysts Discuss Potential Price Recovery<\/a><\/div>\n<figure style=\"width: 2174px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/28PtNPim\/\" alt=\"Bitcoin price\" width=\"2174\" height=\"1432\"><figcaption class=\"wp-caption-text\">The price of BTC on the daily timeframe | Source: BTCUSDT chart on <a href=\"https:\/\/www.tradingview.com\/x\/28PtNPim\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">.<\/span><em>Featured image from iStock, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After an unexpected bearish plot twist in the past week, the Bitcoin price action has been pretty quiet over the weekend, with BTC barely holding above the $94,000 level. The premier cryptocurrency briefly slipped beneath this price mark on Saturday, January 11, before traveling to as high as $94,870. Interestingly, a top analyst on the social media platform X has put forward an interesting analysis of the Bitcoin price, suggesting that the market leader might be at a pivotal juncture. Could a bullish breakout be on the cards for the price of BTC or is a deep correction the more likely scenario? Bitcoin&#8217;s Performance In The Next Few Weeks In a recent post on X, popular crypto analyst Ali Martinez weighed in on the trajectory of the Bitcoin price over the next few weeks. According to the market pundit, the flagship cryptocurrency is currently set up such that it could see a move higher to $140,000 or a pullback to around $67,000. Related Reading: Is The Bitcoin Bull Market Still On? STH Cost Basis Suggests So These projections are based on the formation of two patterns, namely the head-and-shoulders and the bull pennant, on the BTC 12-hour price chart. The pennant pattern is marked by a price upswing (the flagpole) followed by a consolidation range with converging trend lines (the pennant), while the head-and-shoulders formation (as the name suggests) is characterized by three distinct price highs, including a higher \u201chead\u201d between two lower \u201cshoulders.\u201d The pennant chart formation often serves as a bullish continuation pattern, suggesting the persistence of an upward price trend. The head-and-shoulders pattern, on the other hand, typically indicates a potential bearish reversal, signaling a shift from an uptrend to a downtrend. As seen in the chart above, the Bitcoin price is yet to break beneath the neckline of the head-and-shoulders pattern, which often serves as confirmation for the trend reversal. If the premier cryptocurrency breaks the neckline situated at around $93,000, its price could plunge to as low as $67,000. However, Martinez pointed out that the next target could be higher if the Bitcoin price holds above the neckline and breaks out of the bull pennant pattern. If this occurs, a bullish surge to around $140,000 could be on the cards for the price of the market leader. This would represent an almost 50% rally from the current price point. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $94,600, reflecting no significant change in the past 24 hours. According to CoinGecko data, the premier cryptocurrency is down by nearly 4% in the last seven days. Related Reading: Will Ethereum Bounce Back? Crypto Analysts Discuss Potential Price Recovery .Featured image from iStock, chart from TradingView<\/p>\n","protected":false},"author":590,"featured_media":605366,"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":[87818,428,679,1119,78790],"class_list":["post-674202","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-ali-martinez","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusdt"],"acf":[],"yoast_head":"\n<title>Bitcoin Price To $140,000 Or $67,000? Analyst Weighs In On Interesting BTC Setup<\/title>\n<meta name=\"description\" content=\"After an unexpected bearish plot twist in the past week, the Bitcoin price action has been pretty quiet over the weekend. 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What next for BTC?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-to-140000-or-67000-analyst-weighs-in-on-interesting-btc-setup\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-12T14:00:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-12T06:02:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/2024-04-27-05.03.57-1.jpg?fit=402%2C300\" \/>\n\t<meta property=\"og:image:width\" content=\"402\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Opeyemi Sule\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/fwOpeyemi\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Opeyemi Sule\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-to-140000-or-67000-analyst-weighs-in-on-interesting-btc-setup\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-to-140000-or-67000-analyst-weighs-in-on-interesting-btc-setup\/\"},\"author\":{\"name\":\"Opeyemi Sule\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/f00d04323451aba53c6c7cca439248b8\"},\"headline\":\"Bitcoin Price To $140,000 Or $67,000? 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While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. \u201cLooking\u201d is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi\u2019s favorite part - in fact, far from it. Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. \u201cThis emphasizes the intricacies of blockchain technology and the cryptocurrency market,\u201d he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger. When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi\u2019s Spotify Daily Mix. Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K. Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that. Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi\u2019s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings. Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that \u201cwhatever is worth doing at all is worth doing well.\u201d Hence, you will always find him striving to be better. Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. 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What next for BTC?","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-to-140000-or-67000-analyst-weighs-in-on-interesting-btc-setup\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-to-140000-or-67000-analyst-weighs-in-on-interesting-btc-setup\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-to-140000-or-67000-analyst-weighs-in-on-interesting-btc-setup\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/2024-04-27-05.03.57-1.jpg?fit=402%2C300","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/2024-04-27-05.03.57-1.jpg?fit=402%2C300","width":402,"height":300,"caption":"Bitcoin PRICE"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-to-140000-or-67000-analyst-weighs-in-on-interesting-btc-setup\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Price To $140,000 Or $67,000? 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While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. \u201cLooking\u201d is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi\u2019s favorite part - in fact, far from it. Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. \u201cThis emphasizes the intricacies of blockchain technology and the cryptocurrency market,\u201d he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger. When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi\u2019s Spotify Daily Mix. Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K. Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that. Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi\u2019s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings. Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that \u201cwhatever is worth doing at all is worth doing well.\u201d Hence, you will always find him striving to be better. Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment - spreading the crypto gospel to the rest of the world.","sameAs":["https:\/\/www.linkedin.com\/in\/opeyemi-sule-027bb5227","https:\/\/x.com\/https:\/\/twitter.com\/fwOpeyemi"],"url":"https:\/\/uniquehot.com\/author\/oluwatosino\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price To $140,000 Or $67,000? 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