- Bitcoin maintains critical support above $67,559, aligning with continuation patterns toward the $116,652 target.
- Current price at $100,203.92 with an OI-Weighted Funding Rate of 0.0099%, indicating balanced leverage and stable momentum.
- Surpassing $116,652 could push Bitcoin toward $165,000+, reinforcing its strength in the cryptocurrency market.
Bitcoin (BTC) is maintaining a solid position above the $67,559 price level, signaling significant market resilience.
This achievement keeps the $116,652 target in play as the cryptocurrency shows signs of a possible continuation pattern. Current price action aligns with confirmed technical patterns, indicating a potential near 15% upward movement toward this key target.
Technical Confirmation of $116,652 Target
According to Javon Marks, recent price movements have confirmed patterns that indicate a continuation of Bitcoin’s upward trajectory.
Holding above $67,559 establishes a critical support zone, laying the groundwork for BTC to approach $116,652. Analysts point to this target as a pivotal level, with any successful break above it expected to create further bullish momentum.
Source: Javon Marks(X)
The price action aligns with established continuation patterns, confirming Bitcoin’s ability to maintain critical support zones. The upward trajectory indicates a near 15% move toward $116,652, as shown in the projection.
The $116,652 level represents a significant psychological barrier and a technical milestone. Bitcoin’s trajectory toward this target reflects increased market activity and strong interest from institutional and retail traders.
Beyond $116,652: Potential for $165,000+ and Current Market Activity
According to Coinglass data, Bitcoin trades at a price value of $ 100,203.92 at the time of press, alongside the Open Interest (OI)-Weighted Funding Rate reading at 0.0099%.
The data reflects a consistent upward trend in Bitcoin’s price, with significant movements observed from late October to December. The OI-Weighted Funding Rate remained relatively stable during this period, indicating balanced leverage dynamics.
Source: Coinglass
If Bitcoin successfully surpasses the $116,652 level, the next major target could extend to $165,000 and beyond. Breaking above $116,652 is anticipated to provide additional room for price movement, opening up broader possibilities for higher price points.
The $165,000 level serves as a long-term projection based on historical price patterns and momentum trends. Achieving this milestone would reinforce Bitcoin’s position as a dominant asset in the cryptocurrency market.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
