Bitcoin Price Prediction: The last bullish wave confirms a strong rally up to $150,000.

A new Bitcoin price prediction shows that this leading cryptocurrency only needs one more step to trigger a strong bullish rally towards $150,000 and beyond. As Bitcoin prepares to reach a new all-time high once again, technical patterns suggest that this anticipated bullish move could be the final confirmation for a long-term breakout. The Bitcoin price roadmap to reach an ATH of 150,000 dollars A new Bitcoin price analysis released by market expert CrediBull Crypto on X ( previously Twitter) predicts that BTC is preparing for a strong bullish move towards $150,000. The analyst shared a Bitcoin price chart, using Elliott Wave theory on lower time frames to analyze the path towards this new all-time high target. Bitcoin is currently forming a 5-wave impulse move on the lower time frame. Recent price action indicates that it has completed the sub-waves i, ii, iii, iv, and v, collectively forming what appears to be Wave 1. Subsequently, the cryptocurrency experienced a collective retracement in Wave 2, which served as support and is now acting as a launch pad for the next major leg in Wave 3—the longest and most explosive wave in an impulse sequence. If the next wave completes in a bullish direction, this indicates that Bitcoin is not in a correction pattern but rather in an impulsive trend that could drive the price up to a six-figure valuation once again.

CrediBull Crypto has emphasized the $89,000 level as a crucial point for Bitcoin. He believes that if the cryptocurrency dips below this price range before moving higher, the Elliott Wave structure is likely to turn into a 3-leg correction pattern instead of a 5-wave impulse. This move implies that the anticipated bullish phase is not the beginning of a macro breakout and the market may have to wait longer for confirmation. On the other hand, holding above $89,000 and creating a higher high will complete the expected final leg, confirming the start of the larger Wave 3 on higher time frames. This bullish scenario will support a strong accumulation strategy, where price dips could become buying opportunities as Bitcoin targets $150,000 and above. MVRV Golden Cross indicates BTC Bull Rally The Market Value to Realized Value ratio (MVRV) of Bitcoin has formed a Golden Cross with the Simple Moving Average (SMA) of 365 days, according to new data shared by cryptocurrency analyst Ali Martínez. The analyst shared an optimistic outlook on Bitcoin, emphasizing that this technical event could trigger the next BTC bullish run. The Bitcoin chart, published through CryptoQuant, highlights the soaring MVRV ratio above the long-term moving average. The increasing MVRV ratio often indicates that BTC holders are once again in profit and the sentiment is shifting from pessimistic to optimistic. The last time this crossover occurred, Bitcoin experienced a multi-month bullish run, pushing the price to new all-time highs.