Bitcoin to trade at $180,000 on this date, according to expert

According to the analysis, Bitcoin’s historical bull-cycle peaks have aligned with the ascending trendline, suggesting the cryptocurrency could approach it again in late 2029.

The projected $160,000 to $180,000 range represents a potential profit-taking zone, not a guaranteed price ceiling.

At $180,000, Bitcoin would gain about 116% from its current price, while reaching $160,000 would require about a 92% increase.

The analysis also showed Bitcoin recovering from the recent low near $58,000, where it approached the rising 70-month moving average (MA). The subsequent rebound toward $80,000 brought the price back near the 50-week moving average, another technical reference point.

Bitcoin potential correction

TradingShot’s projected price path suggests further consolidation before a potential advance toward the profit-taking zone, followed by a correction toward approximately $135,000.

However, Bitcoin’s near-term performance remains weak, with the cryptocurrency struggling to sustain moves above $84,000. Broader market conditions, including interest-rate expectations, Treasury yields and demand for risk assets, could influence its recovery.

Analysts have also warned that declining returns between successive Bitcoin bull-cycle peaks could limit future rallies.

Notably, Bitcoin’s growing market capitalization and deeper institutional participation may make the outsized gains seen in earlier cycles harder to repeat.

Continued selling pressure, failure to reclaim key resistance levels, or deteriorating risk appetite could delay the projected advance toward $180,000.

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