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🔥🚀🤩 Bitcoin Monthly: Easy Targets $85,377 & $93,176, New ATH Possible
BTCUSD (Bitcoin) is bullish on the monthly timeframe based on multiple signals: A bullish harmonic pattern, a strong open and bullish candle this month (price action) and marketwide action. These factors just to mention a few out of hundreds.
Bitcoin is trading at the highest price since January 2026. Since the bullish bias is already unfolding, let's focus on the targets.
1) $85,377. This is the next target and easy to hit on the monthly timeframe.
2) $93,176. This price tag and resistance is still part of the January 2026 session, so it makes for an easy challenge based on candlestick reading.
3) The cypher pattern calls for the all-time high to be challenged as resistance. This would be a price between $120,000 to $126,000.
4) Marketwide action can't reveal much as this point as Bitcoin is leading many of the altcoins. The projects that moved first and strongly cannot be considered in relation to Bitcoin.
5) $100,000 and $112,000 are seen as highly probable targets but the time window is questionable. A correction can happen after hitting this range or before. If it happens after, it would mean these levels are challenged based on the long-term. If it happens before, then short- to mid-term.
Regardless of how far up Bitcoin goes on this current move, the market bottom remains $60,000 and highly unlikely to be tested again as support, ever. When a correction develops, we will get a higher low.
Prices such as $50,000, $40,000 and so on are not likely. The people waiting for these prices to enter the market missed the whole game. Bitcoin is already trading above $80,000 and it is only starting to move higher. It is possible we will experience several months of bullish action before a pause. The pause is followed by additional growth, an uptrend. Higher highs and higher lows.
Bitcoin can grow non-stop until 2028, 2029 and beyond.
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