Bitcoin’s Bull Run Continues: $200K Possible?
Bitcoin's price recently peaked at $122,838 before consolidating around $118,000. Despite this minor correction, market sentiment remains strongly bullish, with the Fear & Greed Index at 68, indicating greed but not yet extreme levels. This positive sentiment is supported by technical analysis using the Logarithmic Growth Curve (LGC), which suggests further upward momentum. Data from CryptoQuant shows the 30-day moving average of the Fear and Greed Index at 66.2%, also within optimistic territory. This suggests room for growth before reaching potentially unsustainable levels. The recent price action saw Bitcoin briefly touch the LGC resistance zone, a pattern observed in previous bull markets. This resistance zone, typically associated with profit-taking, is seen as a normal part of the upward trajectory. Analyst TradingShot predicts Bitcoin's ultimate peak between October and November 2025, potentially reaching $140,000 to $200,000, contingent on factors such as anticipated US interest rate cuts. The current price hovers around $118,152, indicating a continued bullish trend. While the market shows greed, it's not yet at the extreme levels seen before previous price highs, suggesting the current rally could be sustainable.
