As Bitcoin (BTC) strives to gain traction toward the $100,000 milestone, a seasoned trading analyst predicts that the cryptocurrency could ultimately soar to as high as $180,000, albeit with heightened price fluctuations along its journey.
According to insights from well-known online trader TradingShot, Bitcoin is expected to experience a corrective phase before hitting new peaks. This is because the digital currency has entered a fresh bearish cycle after reaching its all-time high in October.
In a detailed TradingView analysis published on January 7, the expert examined Bitcoin’s weekly chart. The data reveals that BTC is currently consolidating between its 50-week and 100-week moving averages (MA), a pattern historically observed during previous bear markets following an initial rejection at the 50-week MA.
This consolidation stage typically precedes a more significant downward correction before establishing a solid market bottom.
TradingShot further pointed out that past bear market lows have coincided with key long-term weekly support levels. For instance, in the latest cycle, Bitcoin found support around the 350-week moving average; earlier cycles saw bottoms near the 300-week moving average prior to rebounds.
Together, these indicators create an essential support zone suggesting BTC might dip toward approximately $45,000–$50,000 by September before embarking on another sustained upward trend.
The Road Toward $180K for Bitcoin
The optimistic long-term forecast stems from analyzing Bitcoin’s parabolic growth trajectory combined with progressively smaller Fibonacci extension levels at each bull-market peak.
Basing his prediction on this model, TradingShot identified the 1.382 Fibonacci extension level as likely representing BTC’s next peak—placing it near an all-time high of roughly $180,000.
The projection anticipates this milestone could be reached around early February 2027 after completing the current bearish phase and entering into another multi-year rally. Achieving this target would mean nearly doubling from today’s value of about $92,084—a potential increase close to +95%.
The analyst acknowledges short-term bearish pressure but highlights that reclaiming strong support above $90K indicates growing momentum building beneath BTC’s price action going forward.
Additionally,the broader crypto ecosystem has gained some positive sentiment amid geopolitical developments involving tensions between Venezuela and United States following President Nicolas Maduro’s capture and subsequent legal proceedings against him.
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