{"id":648309,"date":"2024-10-16T21:00:36","date_gmt":"2024-10-16T21:00:36","guid":{"rendered":"https:\/\/ktsl888.com\/?p=648309"},"modified":"2024-10-16T11:57:41","modified_gmt":"2024-10-16T11:57:41","slug":"bitcoin-price-to-130000-roadmap","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-price-to-130000-roadmap\/","title":{"rendered":"Bitcoin Price To $130,000 By January, Here’s The Roadmap"},"content":{"rendered":"

According to a technical analysis from analyst Xanrox, the Bitcoin price is on the road to reaching the $130,000 mark in the next few months. Notably, this bullish price target might go unnoticed as one of<\/span> many positive predictions <\/span><\/a>that have surrounded the Bitcoin price in recent times. However, Xanrox’s prediction is intriguing as it also comes with a bearish outlook after the price target is fulfilled.<\/span><\/p>\n

To support his forecast, Xanrox <\/span>relied on a combination of <\/span><\/a>Fibonacci extensions and Elliott impulse waves, two of the most popular analysis tools. Together, these tools allowed Xanrox to not only pinpoint a journey to the $130,000 target but also a sharp retracement to $60,000,\u00a0<\/span><\/p>\n

Bitcoin Price Roadmap To $130,000<\/h2>\n

Taking to <\/span>TradingView<\/span><\/a> to share his views, crypto analyst Xanrox highlighted that the Bitcoin price is <\/span>now on its way to playing out<\/span><\/a> the fifth Elliot impulse wave, having already completed the fourth impulse wave in August.<\/span><\/p>\n

Related Reading: Crypto Analyst Identifies Bull Flag That Could Send Solana Price To $1,400<\/a><\/div>\n

Impulse waves, which are five in total, are a part of the two main types of waves in the Elliot Wave theory, with the other being corrective waves. An impulse wave is a strong, directional movement in the market that goes in the direction of the overall trend. These waves are divided into five sub-waves, labeled 1 one through 5. The odd-numbered waves (1, 3, and 5) represent the driving forces behind the trend, while the even-numbered waves (2 and 4) are periods of consolidation that provide a pause before the next leg of the trend.<\/span><\/p>\n

According to Xanrox’s analysis, Bitcoin officially kicked off Wave 5 after it hit a correction low of $49,000 in August. This marked the end of Wave 4, which had acted as a consolidation period following the dramatic rally seen during Wave 3, with the Bitcoin price reaching a new all-time high. Now, with the final impulse wave underway, the focus has shifted to how high Bitcoin might climb.<\/span><\/p>\n

To predict the potential peak of Wave 5, Xanrox employed Fibonacci extensions. Interestingly, when the Fibonacci extension is applied from the Wave 4 low, the 0.618 Fib extension aligns perfectly with a major trendline that has marked the peaks of both Wave 1 and Wave 3.\u00a0<\/span><\/p>\n

As such, this suggests that the 0.618 Fib extension could play a pivotal role in the next phase of Bitcoin’s price action. At the point of this intersection lies a price target of $130,000, which represents a significant 100% increase from the current levels.<\/span><\/p>\n

Related Reading: XRP Price Growth: Analyst Breaks Down The Movements And Why It\u2019s So<\/a><\/div>\n

What Next After $130,000?<\/h2>\n

Xanrox’s outlook <\/span>doesn\u2019t end with just a bullish <\/span><\/a>price target. The analyst also cautioned and highlighted the possibility of a sharp reversal after Bitcoin reaches its fifth-wave peak. Drawing on patterns, he noted that Bitcoin\u2019s previous waves have experienced significant corrections between 70% and 80% once the impulse wave cycle concludes.\u00a0<\/span><\/p>\n

For this reason, Xanrox predicted that Bitcoin <\/span>could crash rapidly <\/span><\/a>to $60,000 after reaching $130,000, likely by January 2025.<\/span><\/p>\n

\"Bitcoin
BTC bulls push for new ATH | Source: BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

According to a technical analysis from analyst Xanrox, the Bitcoin price is on the road to reaching the $130,000 mark in the next few months. Notably, this bullish price target might go unnoticed as one of many positive predictions that have surrounded the Bitcoin price in recent times. However, Xanrox’s prediction is intriguing as it also comes with a bearish outlook after the price target is fulfilled. To support his forecast, Xanrox relied on a combination of Fibonacci extensions and Elliott impulse waves, two of the most popular analysis tools. Together, these tools allowed Xanrox to not only pinpoint a journey to the $130,000 target but also a sharp retracement to $60,000,\u00a0 Bitcoin Price Roadmap To $130,000 Taking to TradingView to share his views, crypto analyst Xanrox highlighted that the Bitcoin price is now on its way to playing out the fifth Elliot impulse wave, having already completed the fourth impulse wave in August. Related Reading: Crypto Analyst Identifies Bull Flag That Could Send Solana Price To $1,400 Impulse waves, which are five in total, are a part of the two main types of waves in the Elliot Wave theory, with the other being corrective waves. An impulse wave is a strong, directional movement in the market that goes in the direction of the overall trend. These waves are divided into five sub-waves, labeled 1 one through 5. The odd-numbered waves (1, 3, and 5) represent the driving forces behind the trend, while the even-numbered waves (2 and 4) are periods of consolidation that provide a pause before the next leg of the trend. According to Xanrox’s analysis, Bitcoin officially kicked off Wave 5 after it hit a correction low of $49,000 in August. This marked the end of Wave 4, which had acted as a consolidation period following the dramatic rally seen during Wave 3, with the Bitcoin price reaching a new all-time high. Now, with the final impulse wave underway, the focus has shifted to how high Bitcoin might climb. To predict the potential peak of Wave 5, Xanrox employed Fibonacci extensions. Interestingly, when the Fibonacci extension is applied from the Wave 4 low, the 0.618 Fib extension aligns perfectly with a major trendline that has marked the peaks of both Wave 1 and Wave 3.\u00a0 As such, this suggests that the 0.618 Fib extension could play a pivotal role in the next phase of Bitcoin’s price action. At the point of this intersection lies a price target of $130,000, which represents a significant 100% increase from the current levels. Related Reading: XRP Price Growth: Analyst Breaks Down The Movements And Why It\u2019s So What Next After $130,000? Xanrox’s outlook doesn\u2019t end with just a bullish price target. The analyst also cautioned and highlighted the possibility of a sharp reversal after Bitcoin reaches its fifth-wave peak. Drawing on patterns, he noted that Bitcoin\u2019s previous waves have experienced significant corrections between 70% and 80% once the impulse wave cycle concludes.\u00a0 For this reason, Xanrox predicted that Bitcoin could crash rapidly to $60,000 after reaching $130,000, likely by January 2025. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":648323,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[167,428,656,679,1119,89185,1122,1144,78790,6664,26263,14690],"class_list":["post-648309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-analyst","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\nBitcoin Price To $130,000 By January, Here's The Roadmap<\/title>\n<meta name=\"description\" content=\"According to a technical analysis from analyst Xanrox, the Bitcoin price is on the road to reaching the $130,000 mark in the next few 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price To $130,000 By January, Here’s The Roadmap","url":"http:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-price-to-130000-roadmap\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-price-to-130000-roadmap\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Bitcoin-price.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Bitcoin-price.jpeg?fit=1792%2C1024"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","crypto","crypto analyst","crypto news"],"dateCreated":"2024-10-16T21:00:36Z","datePublished":"2024-10-16T21:00:36Z","dateModified":"2024-10-16T21:00:36Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price To $130,000 By January, Here’s The Roadmap\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin\\\/bitcoin-price-to-130000-roadmap\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin\\\/bitcoin-price-to-130000-roadmap\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Bitcoin-price.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Bitcoin-price.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"crypto\",\"crypto analyst\",\"crypto news\"],\"dateCreated\":\"2024-10-16T21:00:36Z\",\"datePublished\":\"2024-10-16T21:00:36Z\",\"dateModified\":\"2024-10-16T21:00:36Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Bitcoin-price.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/648309"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=648309"}],"version-history":[{"count":1,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/648309\/revisions"}],"predecessor-version":[{"id":648326,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/648309\/revisions\/648326"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/648323"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=648309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=648309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=648309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}