Bitcoin Forecast: $160,000 Target Possible If These 2 Conditions Align – Analyst 📈
The Bitcoin market recently witnessed a significant crash following US President Trump's announcement of a 100% tariff on Chinese goods. This move led to $19 billion in total crypto liquidations globally. Despite the volatility, Bitcoin has stabilized around $111,000.
Analyst PlanD suggests two critical conditions for Bitcoin's bullish trend continuation: maintaining above $109,600 and reclaiming $115,900-$117,000. These actions could propel Bitcoin towards targets of $134,000 and $160,000, marking potential gains of 21% and 45% respectively.
At present, Bitcoin trades at $111,700, and its market cap of $2.21 trillion underscores its dominance.
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