Analyst Says Bitcoin $200,000 Target Remains Open, But There’s A More Realistic Target

Analyst Setupsfx maintains that Bitcoin could reach $200,000 long-term, but identifies more realistic near-term targets at $104,000, $124,000, and $134,000. The analysis highlights strong bullish volume accompanying Bitcoin's recent break above $72,000, suggesting sustained demand could drive continued upward momentum.

• →Bitcoin's break above $72,000 came with strong bullish volume, indicating significant demand for the cryptocurrency.
• →First major target is set at $104,000 where a liquidity void exists that could act as resistance.
• →Breaking $104,000 resistance would open the path to $124,000, near Bitcoin's all-time high levels.
• →The analyst's final uptrend target is $134,000, with $200,000 remaining a long-term possibility.
• →Current price action below $100,000 has not diminished long-term bullish sentiment among analysts.