As Bitcoin (BTC) seeks to build momentum toward the $100,000 mark, a trading expert has suggested that the asset is destined for a high of $180,000, though with increased volatility along the way.
In this context, according to analysis by prominent online trading expert TradingShot, Bitcoin is likely to undergo a correction before reaching a new high, as the digital asset has already entered a new bear cycle following its October all-time high.
Highlighting this outlook, in a TradingView post on January 7, the analyst leveraged the weekly chart, where price action shows Bitcoin consolidating between the 50-week and 100-week moving averages (MA), a structure that has consistently appeared in past bear markets after an initial rejection from the 50-week average.
Bitcoin price analysis chart. Source: TradingViewThis phase has historically preceded a deeper corrective leg before a durable bottom is formed.
TradingShot also noted that prior bear-cycle lows have aligned with long-term weekly support levels. The most recent cycle bottomed at the 350-week moving average, while the two cycles before it reached the 300-week moving average before rebounding.
These indicators now form a critical support zone, suggesting a potential downside move toward the $45,000 to $50,000 range by September, before the next sustained uptrend begins.
Bitcoin’s path to $180,000
The longer-term bullish outlook is derived from Bitcoin’s parabolic growth curve and the pattern of diminishing Fibonacci extensions at each successive bull-market peak.
Based on this framework, TradingShot identified the 1.382 Fibonacci extension as the most probable level for the next cycle top, placing the next all-time high near $180,000.
According to the outlook, the analysis points to early February 2027 as the window in which Bitcoin could reach the $180,000 level, following the completion of the current bear phase and a renewed multi-year advance. This target implies an upside of about 95% from Bitcoin’s press-time value of $92,084.
Bitcoin seven-day price chart. Source: FinboldAlthough the analyst is projecting a short-term bearish outlook, the asset is aiming to build more momentum after successfully reclaiming the $90,000 support.
The broader cryptocurrency market has also been buoyed by geopolitical tensions involving the United States and Venezuela following the capture of President Nicolas Maduro and his subsequent court arraignment.
Featured image via Shutterstock
Source: https://finbold.com/trading-expert-sets-date-when-bitcoin-will-hit-180000/
