FxWirePro- Major Crypto levels and bias summary 
Italy Fines Apple €98.6 Million Over App Store Dominance 
SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 
DOJ Reaches Settlement With Blackstone’s LivCor Over Alleged Rent Price-Fixing 
BlackRock-Backed Global Ports Deal Faces Uncertainty Amid Cosco Demands 
Hyundai Recalls Over 51,000 Vehicles in the U.S. Due to Fire Risk From Trailer Wiring Issue 
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Waymo Plans Safety and Emergency Response Upgrades After San Francisco Robotaxi Disruptions 
Sanofi to Acquire Dynavax in $2.2 Billion Deal to Strengthen Vaccines Portfolio 
Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
Bitcoin’s price could soon reach $123,000, predicts Henrik Zeberg, as technical indicators signal substantial upward momentum. With Bitcoin nearing critical Fibonacci and RSI thresholds, Zeberg suggests a powerful rally may follow, possibly achieving this ambitious target within three months.
Zeberg's Bold Bitcoin Price Prediction Reaches New Heights
Renowned trader Henrik Zeberg has pegged the main cryptocurrency's price at $123,000, forecasting a potential price explosion, U.Today reports.
Zeberg predicted that Bitcoin will attain an all-time high of about $74,000 in March and then rise past it after a long consolidation phase.
Due to extremely strong upward momentum, Bitcoin is anticipated to achieve the bullish target outlined earlier in less than three months following this breakthrough.
Fibonacci Extension Level Points to New Price Peak
According to Zeberg's chart, the bullish goal would be around the 1.618 Fibonacci extension level, which is approximately 114,916.
The chartist had earlier this month expressed confidence in Bitcoin's impending "a minimum 60% rally." The bullish cross-overs scored by the Moving Average Convergence Divergence (MACD) and the relative strength index (RSI), as well as the RSI's breakout of the downward trend, formed the basis of his bullish prediction.
After breaking through the crucial $73,000 mark for the first time in months on Tuesday, the price of the top cryptocurrency was on the verge of reaching a record high.
Bitcoin Struggles to Hold Gains Amid New Developments
Bitcoin just fell below $71,000, and the bulls have been unable to establish a footing above that level.
Even though BlackRock's IBIT just received record-breaking inflows, the largest cryptocurrency has fallen. U.Today revealed that the top Bitcoin ETF received $875 million in a single day.
Optimism Remains Despite Recent Price Pullbacks
Bitstamp is seeing trading for the leading cryptocurrency at $70,481 at the moment, following earlier this week's failure to set a new record high. On the other hand, a large portion of the Bitcoin community remains bullish on the prospect of a new all-time high for the cryptocurrency sometime soon.
