Bitcoin’s Bull Run Charges Ahead—Fueled by Trump Trade, ETF Mania, and Absurd Price Targets

Wall Street’s latest gambling chip? Bitcoin. The cryptocurrency is riding a perfect storm of political speculation, reckless ETF inflows, and those ever-entertaining ’to-the-moon’ price predictions from crypto bros who missed their 2021 exit.

Trump’s pro-crypto pivot has traders betting on regulatory easing—never mind that the man changes positions faster than a DeFi exploit drains wallets. Meanwhile, spot ETFs are vacuuming up BTC like BlackRock’s Larry Fink just discovered monetary heroin.

And those price targets? $100K looks conservative next to ’analysts’ now scribbling six-digit fantasies while ignoring the 17,000% volatility in shitcoin collateral. But hey—when the music stops, at least the blockchain ledger won’t lie about who got rekt.

Bitcoin price technical analysis

The weekly chart shows that Bitcoin has remained in an uptrend for a long time. Its recent retreat found substantial support at the ascending trendline that connects the lowest swings since November 2022. 

Bitcoin also remains above the upper side of the cup and handle pattern at $68,835 and the 50-week moving average. It now must cross the all-time high at $109,300, and more gains will follow. 

The likely price target in this cycle will be $123,000, which is derived by measuring the cup’s depth and then the same distance from the upper side.