{"id":77447,"date":"2025-07-01T15:30:24","date_gmt":"2025-07-01T15:30:24","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=77447"},"modified":"2025-07-01T15:30:24","modified_gmt":"2025-07-01T15:30:24","slug":"heres-what-will-happen-if-the-bitcoin-price-can-manage-a-clean-break-above-108500","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=77447","title":{"rendered":"Here\u2019s What Will Happen If The Bitcoin Price Can Manage A Clean Break Above $108,500"},"content":{"rendered":"

A crypto analyst has forecasted a powerful Wave 3 Bitcoin price rally<\/a> that could take it toward new all-time highs between $160,000 and $200,000. Notably, this surge is expected to come with rising Bitcoin Dominance (BTC.D)<\/a> and a delayed altcoin season, particularly if BTC can make a clean break above the $108,500 resistance level.\u00a0<\/p>\n

Bitcoin Price Breakout To Spark Next Bull Run<\/h2>\n

The Bitcoin price<\/a> is currently hovering below a critical resistance level at $108,500, and according to a crypto analyst known as \u2018BigMike7335\u2019 on the X social media platform, a clean breakout and flip of this level into support could ignite an explosive Wave 3 bull run. Based on Elliott Wave Theory<\/a> and Fibonacci Extension<\/a> analysis, a successful move above this threshold could open the door to a bullish price surge with potential targets set in the $160,000 to $200,000 range.<\/p>\n

The analyst\u2019s chart shows<\/a> that Bitcoin has already completed its Wave 1 of a five-wave impulse move, followed by an ABC corrective<\/a> Wave 2. The market is also currently consolidating, and Bitcoin\u2019s bullish momentum<\/a> appears to be rebuilding. These positive developments are supported by a rising Stochastic Relative Strength Index (RSI)<\/a> from the oversold region and a neutral-to-bullish RSI, both of which point toward upward price action.<\/p>\n

Notably, the 0.618 and 1.0 Fibonacci Extensions around $117,795 and $137,421, respectively, are highlighted as interim resistance zones where price momentum could temporarily slow before continuing upward. A clean breakout above $108,500 could also place Bitcoin above a heavy volume node visible in the volume profile within the chart, suggesting less overhead resistance and a stronger potential for a price rally<\/a>.\u00a0<\/p>\n

Furthermore, the analysis implies that during this powerful Wave 3 phase, Bitcoin Dominance will likely climb<\/a> toward 70%. This increase in BTC.D would mean capital is concentrating in the leading cryptocurrency, which historically results in altcoins underperforming. As a result, the expected altcoin season<\/a> for this cycle may be postponed, following the completion or cooling of Wave 3.\u00a0<\/p>\n

Analyst Predicts $375,000 Bitcoin Bull Run Peak<\/h2>\n

Crypto analyst TechDave has just sounded the alarm on what he calls<\/a> the Bitcoin \u201claunch signal\u201d, a rare trigger that has only appeared four times in history and each time marked the start of major bull market rallies<\/a>. This signal previously appeared in October 2012, July 2016, and July 2020\u2014all preceding major upward moves that ended in new cycle peaks.\u00a0<\/p>\n

Currently, the same signal is emerging this July, aligning with the previous cycle structures and reinforcing the expectation of a breakout phase<\/a>. Notably, the formation has led to exponential gains, with each bull market run typically peaking months later. Following this historical pattern, TechDave now predicts a fresh cycle top for Bitcoin<\/a> at $375,000.<\/p>","protected":false},"excerpt":{"rendered":"

A crypto analyst has forecasted a powerful Wave 3 Bitcoin price rally that could take it toward new all-time highs between $160,000 and $200,000. Notably, this surge is expected to come with rising Bitcoin Dominance (BTC.D) and a delayed altcoin season, particularly if BTC can make a clean break above the $108,500 resistance level.\u00a0 Bitcoin […]<\/p>\n","protected":false},"author":0,"featured_media":77448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-77447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/77447"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=77447"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/77447\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/77448"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}