CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

coinpedia 2025-06-25 11:56:10

Bitcoin Price Prediction: Top Analyst Eyeing $140K

The post Bitcoin Price Prediction: Top Analyst Eyeing $140K appeared first on Coinpedia Fintech News After a shaky start to the week, Bitcoin has bounced back strongly, now trading around $107,000 with a 5% recovery. But according to popular crypto analyst Crypto Rover, this could be just the beginning. He believes Bitcoin is preparing for its next major breakout, and this one might send prices soaring to $140,000. Bitcoin Price Eying $140k In a recent tweet post, crypto analyst Crypto Rove r believes Bitcoin is currently forming a bullish pattern known as a “bull flag,” which often leads to explosive upward moves in past Bitcoin cycles. He notes that Bitcoin has now spent nearly 200 days in sideways consolidation, a phase very similar to ones seen before earlier bull runs. In his view, once Bitcoin breaks past the $110,000 resistance, the path to $130K–$140K could open up rapidly. “This could be the final run-up,” Rover said, calling it “the most hated rally” as many remain skeptical during the consolidation phase. On-Chain Data Supports the Breakout Adding to Rover’s bullish thesis, data from CryptoQuant reveals that only 40,000 BTC per day is currently being sent to exchanges, the lowest level seen in over a decade. Historically, such low flows have coincided with market bottoms and the start of major rallies, including in 2016, 2019, and most recently in 2023. At the same time, Bitcoin spot ETFs are showing strong institutional demand. According to Fairside data , there have now been two consecutive weeks of inflows, with $588.55 million added on June 24 alone. Ethereum Eyeing $4000 Mark While the spotlight is on Bitcoin, Crypto Rover also has high hopes for Ethereum (ETH). Backed by a $4.4 million long position, he expects ETH to rise significantly, especially with signs of heavy accumulation from institutions like BlackRock. He has predicted that the ETH price could range between $2,600 and $4,000, depending on how the breakout unfolds. He further added that current funding rates on both BTC and ETH are near zero or even negative, another classic sign of a bullish bottom forming.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.