#Bitcoin price forecast update:
With #BTC putting on a new ATH, the bear path that could have opened the door for a full retracement of the current bull cycle becomes very unlikely. However, I wouldn’t discard a high probability (45%) for the top to be in for this bull cycle. If that’s the case, it is more likely that Bitcoin will see a multi years sideway consolidation ranging between $134k and $70K (see path 1). This scenario would become quite unlikely if $125,220 is breached before the price reaches $105,128 first.
If we get a extended bull cycle, I see two paths:
Path 2 that would see the price of Bitcoin grinding up in the already established channel until September 2026 to then consolidate sideways until 2030 or so.
Path 3 that would consist in a blow-off top running until the end of 2026.
Both paths would become less likely if the price can’t hold $105,138. I put a probability of playing out at 35% for path 2 and 15% for path 3.
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