RektProof Crypto Analyst’s Astonishing Prediction: Bitcoin (BTC) Will Break $130,000!

Jakarta, Pintu News – Bitcoin BTC->Current BTC PriceRp 0Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0 has been on a downward spiral since February 21, with a price drop of 23% in less than 18 days. Despite this bearish trend, a veteran analyst has revealed the ideal scenario for Bitcoin to hit a price bottom and stage a bullish recovery that could take it back to the $100,000 price.

Ideal Scenario for Bitcoin Price Floor

From a price peak of $99,431 down to $76,560, the crypto market looks bearish. However, RektProof, a veteran trader who managed to turn $500 into almost $360,000, shared his views on Bitcoin’s possible price bottom. According to him, Bitcoin is likely to form a bottom in the long-term demand zone that ranges from $73,000 to $65,000.

This suggests that there is still a possibility of a price drop before reaching a turning point. RektProof predicts that after touching a new local high of around $83,000, there will be another price drop. This will be an opportunity for Bitcoin to bottom out and start a bullish trend.

Also Read: Bitcoin and Stock Market Plummet, Arthur Hayes Asks Investors to Be Patient: Why is Crypto Red?

Bitcoin Price Targets After Hitting Bottom

Once a bottom is established, analysts predict Bitcoin’s next price target. Based on the 21% price swing between February 28 and March 2, from $78,200 to $94,984, a push back into the demand zone could trigger a price increase to around $95,000. However, this is only the beginning of the expected long-term rally. From a long-term perspective, RektProof predicts that a dip into the long-term demand zone will be the basis that will take Bitcoin to a new record high of $130,000.

Bitcoin Options Data Shows Protection against Further Declines

According to CNO, a researcher and analyst, Bitcoin’s price bottom has not yet been reached and the market is still protected from further declines. Options data, which measures the price of call and put options over time, shows that investors are still anticipating a potential price drop. CNO also added that the next price drop is likely to occur in the next few days, triggered by the lunar eclipse which will increase volatility in the crypto market, including the value of Bitcoin.

Conclusion

Taking into account the analysis of the two experts, the Bitcoin market seems to be still on the decline before it finally forms a bottom and begins the journey towards the price of $100,000 or even reaches a new record of $130,000. Investors and traders are advised to pay attention to market data and be prepared for possible volatility.

Also Read: Drastic 19% Drop in Solana Futures – Here’s Solana’s Technical Outlook in March 2025

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Analysts Ideal Scenario for Bitcoin Price Bottom Before $130,000. Accessed on March 13, 2025
• Featured Image: Generated by AI