Bitcoin (BTC) has reignited market excitement after smashing through the $123,000 level. Currently, technical indicators, surging liquidity, and macroeconomic tailwinds have analysts predicting that the leading cryptocurrency is on the verge of a parabolic surge to a $140,000 top in the next few weeks.
$140,000 Set As Bitcoin Next Top Target
The Bitcoin price is exhibiting remarkable strength as it continues its parabolic advance beyond the $123,000 range. Technical indicators identified by crypto analyst Mr. Wall Street are now aligning around a new short-term target between $135,000 and $140,000.
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According to the market expert’s chart report, BTC has successfully broken out of a Broadening Wedge pattern after consolidating between a descending support and horizontal resistance for nearly two months. The decisive breakout above the $112,000
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