Bitcoin’s long-term price structure is showing strength, with analysts predicting a parabolic expansion. Gert Van Lagen forecasts a Wave III expansion pushing BTC price to $200,000 to $240,000. Jelle notes resistance near the price channel midpoint, indicating potential for a $350,000 upper boundary. Sminston With suggests US economic rebound could benefit Bitcoin.

While the long-term outlook is positive, Bitcoin’s short-term price action seeks confirmation. BTC filled a CME gap and aims to establish a higher leg above $105,000. Glassnode reports declining futures open interest post-liquidation event, with smaller retail trades gaining influence. Hyblock Capital data hints at bullish reversal from liquidation patterns near $100,000.

If recent liquidation pockets around the CME gap lead to a rebound, Bitcoin could see a bullish reversal pivot above $105,000. This reinforces the broader uptrend narrative outlined by analysts, despite short-term fluctuations. Investors should conduct their own research before making any financial decisions.

Read more at Cointelegraph: BTC ‘Wave III’ Setup Hints at $200K Rally Ahead: Analyst