Bitcoin to $120K? Experts Say It’s Just a Breakup Away!

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Bitcoin (BTC) has been sulking below $90k like a teenager who just got dumped. 🥺 While the crypto community is biting their nails, experts are out here sipping tea and saying, “Relax, it’s just a phase.” Analysts like Michael van de Poppe and Rekt Capital are convinced BTC will bounce back harder than a trampoline enthusiast.

Van de Poppe, the eternal optimist, thinks Bitcoin could hit a jaw-dropping $120k if it just gets over its $92k ex (aka the critical support level). Let’s dive into this soap opera and see if Bitcoin’s love life is about to get a happy ending. 💔➡️💍

Bitcoin’s $120k Dream: What’s the Catch?

While Bitcoin is currently wallowing below $90k, van de Poppe is out here spreading sunshine. 🌞 He predicts that if Bitcoin can just get past $92k, it’s smooth sailing to $120k. According to him, Bitcoin’s chart is looking hotter than a summer fling, and if all goes well, we could see $110k-$120k by mid-2025.

Meanwhile, Rekt Capital is playing the weekly horoscope for Bitcoin, saying it’s about to reclaim its 21-Week EMA as support. Translation: Bitcoin might just hit $93k and finally get its groove back. 🕺

Bitcoin and Nasdaq: Are They in a Toxic Relationship?

Blockchain firm Matrixport just dropped a bombshell: Bitcoin and Nasdaq are getting a little too cozy. 😬 Their 30-day correlation is hitting 70%, which is basically the relationship equivalent of “it’s complicated.” Matrixport blames it on earnings season drama and global economic uncertainty. They said:

This correlation reflects the recent repricing of earnings expectations ahead of Q1 earnings season, along with ongoing uncertainty and the negative overhang from tariff discussions. As a result, Bitcoin is trading in line with the tech sector.

Historically, this level of correlation has only happened twice before, and both times Bitcoin crashed by 20%. So, while van de Poppe and Rekt Capital are painting rainbows, history is whispering, “Buckle up, buttercup.” 🎢

Michael Saylor’s $444K Fantasy

MicroStrategy’s Michael Saylor is out here dreaming big. Like, *really* big. He thinks Bitcoin’s bearish phase is just the calm before the storm, and the bull run will take BTC to a mind-blowing $444k. 🚀 Analyst Egrag Crypto is backing him up with Fibonacci extensions, which sound fancy but basically mean Bitcoin could hit $463k if it plays its cards right.

Right now, Bitcoin is trading at $87,122, down 0.71%. It’s had a 5.5% weekly surge but a 9% monthly dip. So, while experts are predicting a wild ride, CoinGape’s Bitcoin price prediction suggests it might be a while before we see a new all-time high. 🎢

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2025-03-25 16:39